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Friday, April 19, 2024
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Bears Resurface as Stocks Slide 2.5%

Bears resurfaced on the Nigerian exchange as sell pressure on Dangote Cement (-9.6%), FBN Holding (-10.0%), and Access Corporation (-4.2%) dragged the NGX-ASI down...

President Tinubu Meets Members Of 1999 Governors, EFCC Chairman

President Bola Tinubu on Wednesday held a meeting with the Class of 1999 Governors and the acting Chairman of the Economic and Financial Crimes...

Fuel Subsidy Removal: Tinubu Seeks Approval Of N500bn Palliatives From NASS

President Bola Tinubu has written to the National Assembly(NASS) seeking amendment to the 2022 supplementary appropriation Act to allow the Federal Government source N500...

Banks Regain NGX30 Dominance With 41% of Profits

The ten big banks on the benchmark posted a combined profit after tax (PAT) of N408.25 billion as at the first quarter of 2023,...

SEC Probes Otudeko’s 13.3% Share Acquisition in FBN Holdings

The Securities and Exchange Commission (SEC) has commenced investigation into the recent acquisition of 13.3% shares worth 4.7 billion of FBN Holdings by a...

Senate Investigates NNPCL Subsidy Claims

The Senate has constituted an ad hoc committee to investigate the fuel subsidy regime of the Nigerian National Petroleum Company Limited (NNPCL). This followed the...

Drug Makers Attractive Valuations, a Cure for Value Investors’ Apathy

Value investors who are oblivious of the equity market rally and have their monies parked in the bond market could be part of the...

OECD Says 27% Jobs At Risk From AI Revolution

Over a quarter of jobs in the Organisation for Economic Co-operation and Development (OECD) rely on skills that could be easily automated in the...

Forbes 2023 Index: Dangote Still Africa’s Richest for 12th Consecutive Year

For the 12th year consecutively, Aliko Dangote, President of the pan-African Conglomerate, the Dangote Group has emerged the richest man in Africa, despite economic...

NGX Suspends Trading in C&I Leasing, Presco, Ardova, Others

The Nigeria Exchange Group (NGX) has suspended trading activities of seven companies due to a default in filing their Audited Financial Statements for the...

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