The Lagos Chamber of Commerce and Industry (LCCI) has urged the Central Bank of Nigeria (CBN) to sustain concessionary credit to private sector to cushion inflationary pressure. Delivering an address recently on the state of the economy for Q1, 2024,…
The NGX All-Share Index (ASI) on Thursday crossed the 90,000 mark following gains in large and medium capitalized companies, such as the Nigerian Breweries, Dangote Sugar, Flour Mills of Nigeria, amongst others. Now at 22.90 percent, the NGX-ASI advanced by…
Access Bank, the flagship subsidiary of Access Holdings Plc, has entered into a transaction with the Ugandan-based Finance Trust Bank Limited and its shareholders for the acquisition of a majority equity stake in FTB. According to a statement signed by…
The NGX All-Share Index (ASI) advanced by 2.38 percent, closing at 90,063.25 basis points on Tuesday. Now at 20.45 percent, the NGX-ASI performed better compared to the previous day’s gain of 3.39 percent. The Nigerian stock market also closed higher…
Forex turnover on Tuesday rose by 460.52 percent/ to $147.81. This is as the Nigerian naira advanced against the dollar on Tuesday, January 16th, 2024 in both the official and black markets depreciating to N878.57 The Naira depreciated 4.72 percent…
The Nigerian stock market on Tuesday recorded 75 gainers, 10 losers, and 35 unchanged. BERGER topped the gainer’s list, while ROYALEX topped the list of losers. This is as NGX Market CAP also recorded a gain of N1.82 trillion in…
The NGX All-Share Index (ASI) advanced by 1.92 percent on Monday’s trading as investors gained N874.4 billion. This is as the ASI now at 13.20 percent advanced by 1.92 percent, closing at 84,640.89 basis points, compared to the previous day’s gain…
….predicts lingering economic challenges in Nigeria, Kenya, Stears, a leading economic analysis and data-driven insights provider, has unveiled its much-anticipated 2024 African Outlook Report, delivering nuanced insights into the continent’s economic landscape. Contrary to broad generalisations, the report sheds light…
By Dakuku Peterside Nigeria, a country with a rich cultural heritage and abundant natural resources, has grappled with the complex interplay of greed, ethics, and public service throughout its history. The nexus between these elements has had profound implications for…
Chams Switch, a Fintech subsidiary of Chams Holdco, PLC, has been licensed by Union Pay International, the world’s largest card network to spearhead international payments for UnionPay cards issued by Nigerian banks. A statement from the Company noted that the…
