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Bears Resurface as Stocks Slide 2.5%
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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
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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
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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
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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
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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
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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
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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
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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
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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
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The Nigeria Exchange Group (NGX) has suspended trading activities of seven companies due to a default in filing their Audited Financial Statements for the...