Trading yester day at the Nigerian equities market closed negatively for the new week. This is as the NGX Market CAP also recorded a loss of N258.85bn in Naira terms. UNIVINSURE had the highest volume contribution with 16.42 percent, while…
Flour Mills of Nigeria Plc (FMN), a Nigerian food and agro-allied company, has repaid its N51.64 billion Series 2 Commercial Paper (CP) on November 17, 2023. This repayment follows the earlier completion of the N13.33 billion Series 1 payment on…
In this interview, the Group Managing Director, Haldane McCall PLC, Mr Edward Akinlade speaks on the Company’s proposed listing on the NGX, its interests in the hospitality sector and the fault lines of the government policy as they affect the…
Ecobank Transnational Incorporated, has recorded a profit of N182.92 billion in its third quarter 2023 results. According to the results posted on the Nigerian Exchange Limited (NGX) website, the Bank announced a 59 percent gross earnings growth in Q3 2023…
Since the recent announcement of recapitalisation by the Central Bank of Nigeria Governor, the market had continued to see a rise in investment moves amongst banks thereby boosting the market capitalisation of the NGX. As at yesterday’s trading, the NGX…
The Nigerian naira appreciated against the dollar on Wednesday, 29th November 2023, closing at N831.47/$1 at the official market. The positive trajectory aligns with expectations among experts, who anticipated that the Central Bank of Nigeria’s (CBN) recent initiative to clear…
The Nigerian Naira on Tuesday depreciated 7.63 percent to close at N881.88 to a dollar at the close of business on Tuesday, data from the NAFEM where forex is officially traded, showed./ / Nigerian NewsDirect also gathered that the naira…
First Bank of Nigeria Holdings and Access Corporation led gainers on the Nigerian equities market on Monday. This is as investors also lost N132.43billion on the Nigerian equities market yesterday. The NGX All-Share Index advanced by 0.17 percent, closing at…
The Federal Government of Nigeria has pegged its 2024 projections for crude oil and the dollar to naira exchange rate at $77.96 and N750 respectively. This new projection is a deviation from the earlier projection announced by Atiku Bagudu, Minister…
Mr Taiwo Adeniyi, Group Managing Director and Chief Executive Officer of Vitafoam Nigeria PLC, has been crowned the CEO of the year-Manufacturing, by Africa Safety Award for Excellence (AfriSAFE) in Lagos recently. The prestigious Award, described by market watchers as…
