Nigeria’s head of the Securities and Exchange Commission (SEC) has said he plans to upgrade and roll out additional rules to combat illegal trading in digital...
The Debt Management Office (DMO) has announced the issuance of bonds worth N450 billion in its upcoming auction scheduled for May 13, 2024. The offering forms...
Tantalizers Plc successfully raised an estimated N1.07 billion through a private placement, as the fast food chain continues its restructuring plans. The company has negative retained...
The U.S dollar index was back on the front foot on Wednesday, making modest gains after earlier losses from renewed bets on Federal Reserve rate cuts...
Access Corporation, Nigeria’s largest bank by total assets, recently awarded share options worth approximately N427 million to several key executives under its Restricted Share Performance Plan...
Shareholders under the aegis of the New Dimension Shareholders Association of Nigeria have called on the new Acting Director-General of the Securities and Exchange Commission (SEC),...
As audited accounts start to trickle in, companies will propose dividend payments to their shareholders as recommended by their respective boards of directors. It is also...
The Nigerian Exchange Group (NGX) has relieved some staff members of their jobs days after its annual general meeting (AGM) which was held in Lagos. Multiple...
Story Highlights The Nigerian Exchange Group (NGX) conducted a significant downsizing shortly after its annual general meeting in Lagos, officially terminating 25 employees, contrary to earlier...
This week started on a bearish note in the Nigerian Exchange (NGX), which posted a 0.89% decline to close today with an All-Share Index of 98,703.68...
Investors of Airtel Africa Plc, one of the major telecommunications companies quoted on the Nigerian Exchange Group Plc (NGX), recorded a loss of about N826 billion...
The Bitcoin Network has processed its one billionth transaction marking a significant milestone in the 15 years of the network’s existence. According to CoinTelegraph, a bitcoin...
The daily foreign exchange turnover at NAFEX, the official platform where forex is traded, dropped to $84.3 million, representing the lowest point in approximately ten weeks....
UAC of Nigeria Plc (UACN) and Chemical and Allied Products Plc (CAP), have refuted the alleged media report on the potential acquisition by UAC of shares...
The Acting Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, is advocating for a new cryptocurrency measure that aims to remove the...
Shareholders of Presco Plc will receive a total dividend of N26.300 billion for the financial year ended December 2023, representing a total dividend of N26.30 kobo...
Fidelity Bank released its unaudited financial results for Q1 2024, showing pre-tax profit rose 120.14% to N39.497 billion. In just three months, the bank has already...
Ethereum has recorded a significant surge in new wallet creations, adding a staggering 267,000 new wallets to the platform. This recent influx marks the highest number...
The United States Government through its regulatory agencies have clamped down on top cryptocurrency projects within the space of two years as it struggles to understand...
UBA released its unaudited financial results for Q1 2024 showing pre-tax profit grew by 154.74% year-on-year to 156.344 billion. This outcome reflects the mixed nature of...
UBA released its unaudited financial results for Q1 2024 showing pre-tax profit grew by 154.74% year-on-year to 156.344 billion. This outcome reflects the mixed nature of...
UBA released its unaudited financial results for Q1 2024 showing pre-tax profit grew by 154.74% year-on-year to 156.344 billion. This outcome reflects the mixed nature of...
As part of Transnational Corporation Plc’s proposed share reconstruction, the total number of issued ordinary shares of the company will be reduced by consolidating the issued...
Zenith Bank Plc, one of Nigeria’s leading banks, released its unaudited financial results for Q1 2024, revealing a pre-tax profit of N320.194 billion. This represents a...
The global concrete and cement market size is estimated to grow by $469.01 billion from 2023 to 2027, according to Technavio market research report. This growth is expected to occur...
A growing number of Nigerian residents are raising concerns following clampdown on crypto assets via the financial industry Following the classification of cryptocurrency trading as a...
The crypto market turned green as Bitcoin rebounded strongly on Saturday morning sparking hopes that the worst of the meltdown might be over BTC surged almost...
The global credit ratings agency, Fitch, has estimated that approximately 30% of Nigeria’s external reserves are constituted by foreign exchange (FX) bank swaps. This disclosure underscores ongoing...
Guaranty Trust Holding Company (GTCO), one of Nigeria’s most efficiently run bank, has just announced the largest ever pre-tax profits in Nigerian banking history. According to...
UBA has released its unaudited financial statements for Q1 2024, with the group posting a pre-tax profit of N156.3 billion, marking a 155% year-on-year increase from...
FBN Holdings Plc, one of the old generation banks listed on the Nigerian Exchange Group Plc (NGX), reported a significant gain of approximately N238.703 billion by...
The Blockchain Industry Coordinating Committee of Nigeria (BICCON) is putting together a roundtable with International and local crypto exchanges and the new director general of the...
The Nigerian Naira weakened further to N1,410/$ in the unofficial market on Friday afternoon as traders saw an aggravated demand for the dollar by parents and...
MTN Nigeria has said that it utilized the improved liquidity in the FX market to reduce the balance of outstanding letters of credit (LC) obligations to...
MTN Nigeria has said that it utilized the improved liquidity in the FX market to reduce the balance of outstanding letters of credit (LC) obligations to...
Bitcoin and Ethereum have resurged in price following a rough week caused by speculation over an important Federal Reserve meeting and its outcome as regards interest...
The exchange rate for customs duty collection has increased to N1,441.53 to the USD in the past two days from N1,373.64/$ at the beginning of the...
The naira traded at its lowest in the official market despite the U.S. dollar index falling to a three-week low ahead of U.S. jobs data. In...
The naira traded at its lowest in the official market despite the U.S. dollar index falling to a three-week low ahead of U.S. jobs data. In...
Nigerian banks experienced a challenging April, as all major banking stocks posted losses month-to-date. This downturn coincided with the first month-to-date decline in the NGX All...
The NGX kicked off the month of May on a bullish note with the All-Share Index appreciating by 0.55%, gaining 537.15 points to close at 98,762.78...
In the opening trading session of May at the NAFEM window, the Naira experienced a slight decline, settling at N1,402.67 to the dollar, which is a...
BUA Cement Plc has released its financial results for Q1 2024, marking yet another period of profit decline with a pre-tax profit down 39.97% to N21.286...
Seplat Energy Plc said it has released the applicable exchange rate used in determining its final and special dividend payout to qualified shareholders who wish to...
Shareholders of FCMB Group Plc will receive a total dividend of N9.901 billion for the financial year ending December 2023, representing a reward of 50 kobo...
A Federal High Court sitting in Abuja on Thursday morning adjourned the case against Cryptocurrency exchange Binance and its two executives to May 17. The case...
The Nigerian Exchange Limited (NGX) has fined three quoted companies the sum of N49.500 million for their failure to file audited financial statements after the regulatory...
Eternal Oil Plc has released its financial performance for Q1 2024, disclosing a pre-tax loss of N3.302 billion, a stark contrast to the N1.29 billion pre-tax...
The Centre for Promotion of Public Enterprise, (CPPE) has asked the Central Bank of Nigeria (CBN) to adopt a specific quarterly exchange rate for import duty...
Seplat Energy Plc is set to disburse a total of N46.2 billion for its 2023 final and special dividend, representing a payout ratio of 57%. This...
The Naira opened the month of May on a negative note, trading at N1,360/$ at the parallel market, representing a slight decline of 0.74% from the...
FCMB Group Plc, one of the nation’s commercial banks, will seek shareholders’ approval to raise N150 billion capital at the group’s annual general meeting (AGM) scheduled...
FCMB Group Plc released its unaudited financial results for Q1 2024, revealing a pre-tax profit of N31.344 billion, marking a significant 193% increase year-on-year This result...
Bitcoin’s price broke below the 60K mark after falling over the past five days, hitting a low of $59.1K at the time of writing. Despite a...
Bitcoin dropped to less than $62,000 in price after the much-anticipated debut of Hong Kong’s Exchange Traded Fund (ETFs) failed to live up to expectations. According...
The Nigerian naira traded near its April low, while the dollar index approached a six-month high as anticipation of a Federal Reserve meeting kept traders largely...
Shareholders of Transcorp Hotels Plc have endorsed the recommendation of the board of directors for a dividend of N2.05 billion for the financial year ending December...
The Nigerian Naira closed the month of April in a steep decline, closing at N1,390.96/$1 in the NAFEM, where the exchange rate trades officially. This rate...
BUA Foods has posted a profit before tax of N62.4 billion in Q1 2024, representing a 36% year-on-year increase from the N45.9 billion pre-tax profit posted...
The NGX All-Share Index experienced a significant decline in April, losing N3.57 trillion in market value. This downturn represents the first monthly decline for the...
Okomu Oil Palm Plc has reported a pre-tax profit of N23.033 billion for the Q1 ended March 31, 2024, representing a 54.77% year-on-year (YoY) increase. The...
Inam Wilson, the appointed liquidator of Greif Nigeria Plc, has said that the process of voluntary wind-up is still ongoing. In a notice of Status of...
The fintech business of MTN Nigeria recorded a marginal increase to N22.8 billion in the first quarter(Q1) of this year. According to the company’s Q1 2024...
Cocoa prices moderated past their 2-1/2 week low on Tuesday due to increased supplies from Nigeria and an uptick in rainfall. Nigeria, the world’s fifth-largest cocoa...
Cocoa prices moderated past its two and a half-week low on Tuesday amid a boost in supplies from Nigeria and an uptick in rainfall. Nigeria, the...
UAC of Nigeria Plc has reported a pre-tax profit of N9.030 billion for the Q1 ended March 31, 2024, representing 1,064% year-on-year (YoY) increase. According to...
A member of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), Bamidele A.G. Amoo, has said that the decline in Nigeria’s foreign...
Shareholders of Nigerian Exchange Group (NGX) Plc have given their approval for the group’s initiative to raise capital of up to N10 billion naira through a...
The Central Bank of Nigeria (CBN) has increased the exchange rate for the Nigerian Customs Service duty collection by N163. Hence, the latest exchange rate for...
The Central Bank of Nigeria (CBN) has increased the exchange rate for the Nigerian Customs Service duty collection by N163. Hence, the latest exchange rate for...
The Nigerian economy’s heavy reliance on oil revenues has made it particularly vulnerable to international market dynamics, leading to currency depreciation and a disparity between official...
MTN Nigeria released its Q1 2024 results, showing revenue of N752.9 billion, up 32.5% compared to N568.1 billion for the same period in 2023. However, the...
The Cryptocurrency industry could hit 1 billion users by the end of 2025 according to Bitcoin Analyst Willy Woo. According to CoinTelegraph, Willy Woo took to...
The Nigerian Naira saw a notable increase in value against the US dollar in the parallel market, reaching N1,350. This marked a 2.20% rise from the...
Seplat Energy Plc has released its unaudited financial statements for Q1 2024. The company posted a pre-tax profit of $69.3 million, representing a 19.5% year-on-year decline...
Seplat Energy Plc has released its unaudited financial statements for Q1 2024. The company posted a pre-tax profit of $69.3 million, representing a 19.5% year-on-year decline...
The exchange rate between the Naira and the Dollar is being quoted as high as N1,380/$1 at the parallel market, a weakening from the N1,280/$1 recorded...
Between 2021 and 2023, about 15 firms have been delisted from the Nigerian Exchange Limited (NGX) due to varying reasons ranging from breach of regulatory requirements...
The naira regained strength against the haven currency over the weekend, breaking below the N1,300 resistance level at the parallel market, to settle at N1270-75 against...
An experienced market analyst has sounded a note of warning that Bitcoin could soon drop to as low as $59,000 as the crypto reaches its cycle...
Nigerian Breweries is seeking to convert part of its liabilities into equities. This is according to the resolutions from the group’s Annual General Meeting (AGM) held...
The exchange rate for cargo clearance has dropped below official and parallel market rates to N1,164.84/$, according to the latest update on the Nigeria Customs Service’s...
The naira has continued its recovery against the US dollar at the parallel market as it appreciated to N1280/$1 on Saturday, according to information obtained by...
The Oyo State Government has set aside N691.3 million to invest in any future rights issuances by Wema Bank Plc. The announcement was made in a...
Foreign portfolio inflows into Nigeria’s Stock Market (NGX) reached N93.37 billion in the first quarter of 2024, marking a 415% increase compared to the same period...
MRS Oil Nigeria Plc has reported a pre-tax profit of N3.076 billion for the Q1 ended March 31, 2024, representing 58.34% year-on-year (YoY) increase. According to...
The Nigerian naira continued its downward trend against the US dollar at the official exchange window, closing at N1,309.88 on Thursday, March 25th. This represents N1.36...
As audited accounts start to trickle in, companies will propose dividend payments to their shareholders as recommended by their respective boards of directors. It is also...
Hong Kong’s securities regulatory body, SFC, has approved the launch of Bitcoin and Ethereum Exchange-traded funds offering investors a secure and regulated investment option starting from...
Stanbic IBTC Holdings Plc has released its unaudited financial statement for Q1 2024, posting a pre-tax profit of N62.7 billion, representing a 73% year-on-year growth of...
TotalEnergies SE announced a first-quarter profit decline that was less than anticipated, thanks to a resilient oil market that mitigated the impact of reduced gas prices....
The naira recorded significant depreciation against the haven currency in a matter of few weeks despite the recent decline in the US dollar index, influenced by...
Google’s parent company, Alphabet LLC, will pay its first ever dividend, even as the group’s earnings for Q1 2024 exceeds estimates. The group reported a revenue...
Dangote Cement has released its unaudited financial statements for Q1 2024, posting a gross turnover of N817.35 billion, representing a 101% year-on-year increase from the N406.7...
The naira experienced a decline on Thursday afternoon, falling to N1,450 per dollar in the parallel market. This represents a decrease of 8.28% or an N120...
Guinness Nigeria Plc has released its unaudited financial statement for the nine-month period ending March 31, 2024, revealing a loss after tax of N61.7 billion. The...