Wapco Plc Loses Over N4 billion In Market Value, As Share Price Drops On N27.70
In yesterday’s trading session, Wapco (LaFarge) Plc share price depreciated by 1.07%. This too close at N27.70 per…
Dollar Rises By 21%, FX Shortage Persists After Party Primaries- Nigeria.
Dollar exchanged at N603 (average) at Lagos and Abuja parallel markets. Indicating a worsening liquidity crisis in…
Dangote Cement Spent N196 Billion On Fuel And Power In 2021 Due To Inflationary…
Dangote Cement Plc has disclosed that fuel and power consumed by the company increased by 34.4%. That is, to…
Subsidy Overtakes Health, Education, Welfare Budgets, World Bank Warns Nigeria.
According to the World Bank, Nigeria's government spends more on gasoline subsidies than on social security,…
Aluminium Extrusion Plc Declares Dividend Payment Of N0.05 Kobo To Shareholders
Aluminium Extrusion Plc has announced a final dividend payment of N0.05 kobo per 50 kobo. This dividend payment…
Bitcoin Tumbles As Crypto Sell-Off Accelerates
Bitcoin tumbled on Wednesday to a new 18-month low, dragging smaller tokens down with it. And spurring a sharp…
CBN To Launch Non-Oil Export Optimisation Framework- Nigeria.
The CBN has announced that it has established a comprehensive Non-Oil Export Optimisation framework.
Mr Osita…
Binance CEO Hints On Plan To Hire For 2,000 Job Roles Amid Market Turmoil.
Binance CEO Changpeng Zhao has stated that potential crypto winter is good for business. When asked how Binance…
Diesel Price May Hit N1,500 Per Litre In The Next Two Weeks – Marketers
The cost of diesel per litre is expected to increase from N800 to N1,500 within the next two weeks. This was…
Bill Gates Says Crypto, NFTs 100% Based On Greater Fool Theory.
Bill Gates, a co-founder of Microsoft, claimed that the greater fool hypothesis underlies investments in…
Francoise Bettencourt Meyers: World’s Richest Woman Is $2.5 Billion Richer Than…
The world’s wealthiest woman is now $2.5 billion richer than Mark Zuckerberg, the founder of Facebook.According to…
Airbus Helicopters, Nigerian Company Ink Partnership Deal.
Airbus Helicopters Company has signed a partnership deal with EAN Aviation Limited. Making the Nigerian company a…
Nigerian Traders Lament Losses As Bitcoin Drops 52% Value.
Many Nigerian Bitcoin traders are lamenting their losses because of the continued drop in the market value of…
Baobab MfB Disburses N40bn Loans In 12 Months- Nigeria.
According to the CEO of BaoBab Nigeria, the company provides loans of roughly N40 billion to its clients in order…
Domestic Transactions On Nigeria’s Stock Exchange Hits N742 Billion Between…
The total value of domestic transactions on the Nigerian Exchange Limited (NGX) for the first four months of 2022…
Naira Remains Stable Across FX Markets As CBN Continues Forex Intervention
The exchange rate between the naira and the US dollar closed at N419.75/$1 at the Investors and Exporters window.…
Dollar Takes Breather Ahead Of U.S. Inflation Test
The dollar edged off a two-week high on the euro, ahead of inflation data that should guide the Federal Reserve's…
Asian Stocks Track Global Shares Lower, U.S. CPI In Focus
Asian shares tracked a global equities sell-off on Friday as rate hike guidance from the European Central Bank.…
U.S. Banks Finally See Upturn In Credit-Card Borrowing
Big U.S. Banks, including JPMorgan Chase & Co (JPM.N) and Citigroup (C. N), appear set for some earnings boost…
Sterling Bank Targets N50 Billion Gross Earnings In Q3 2022- Nigeria.
Sterling Bank Plc is targeting to achieve N50.487 billion in gross earnings for the third quarter of 2022.In its…
Airlines Record 116% Increase In Traffic In April 2022
Air Peace and other airlines’ traffic across Africa increased by 116.2% in April 2022. This is compared to a year…
Bundesbank Halves 2022 Growth Forecast, Doubles Inflation Projection For Germany
The Bundesbank cut its growth projections for the German economy on Friday and predicted sharply higher inflation.…
NNPC To Pay N874bn In June As Subsidy Hits N1.82tn- Nigeria.
Operators in the oil and gas sector remain uncomfortable with the continued rise in the amount spent in…
Metered Customers Rise To 4.7Million, Registration Stalls At 10Million.- Nigeria.
The exercise to register customers with electricity distribution companies has remained at 10 million for the…
Naira Falls Big To Lowest Level Year-To-Date At Official Market- Nigeria.
The exchange rate between the naira and the US dollar closed at N422.5/$1 at the Investors and Exporters (I&E)…
Banks reward savings accounts with 1.28%, lending hits 26.61%- Nigeria
The gap between the savings and lending rates in the banking sector widened by 25.33% in March- CBN.CBN money…
Kaduna, Rivers, 30 Others Attract Zero Foreign Investments In Q. – Nigeria.
Thirty-two states in Nigeria (Kaduna and Rivers) did not attract any foreign investments in the first quarter of…
180,000 Traders Lose $520 Million As Bitcoin Falls Below $25,000.
Over 180,000 traders lost approximately $520 million as Bitcoin traded below $25,000, a price point, not seen…
Contributory Pension Gains N640bn In Four Months, Hits N14tn- Nigeria.
Total assets under the Contributory Pension Scheme rose by N640bn in four months to N14.06tn- National Pension…
FG’s Borrowing From CBN Hits N19tn, Inflation May Worsen. – Nigeria.
The FG's total borrowing from the Central Bank of Nigeria rose from N17.46tn in December 2021 to N19.01tn in April…