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Wema, Fidelity, FCMB Were the Top-Performing Bank Stocks in 2022

Investors that bought small capitalized bank stocks in 2022, such as Fidelity, FCMB, and Wema Bank, made a ton of money, while bigger names...

Obiano Funded Multi-million Naira Dream With Passion and Prudence

Former governor of Anambra State, Chief Willie Obiano, made history on April 11, 2017, when he discussed the Airport City Project in Umueri, Anambra...

Consumer Goods Firms’ Cash Deteriorates on FX Scarcity

Consumer goods firms are unable to effectively convert sales to cash as they are making deposits for foreign exchange with banks for the purposes...

Mixta Debt Woes Worsen as Rising Rates Squeeze Developers

Rising rates are pressuring property companies like Mixta Africa that borrowed heavily on the bond markets to finance their operations. “The Group and Company have...

Julius Berger Eyes Investments Outside Nigeria in Growth Push

Julius Berger Nigeria Plc, the largest engineering construction company in the country is looking to invest beyond Nigeria as it seeks to maximise growth...

AAX Executives Disappear as Suspension of Crypto Withdrawals Spark Panic in Nigeria

The Stakeholders in Blockchain Technology Association of Nigeria (SIBAN) has appealed against the assault of AAX staff by angry Nigerians, following the suspension of...

Ecobank Falling Customer Deposits May Signal Deeper Issues

Ecobank Transnational Incorporated (ETI), customer deposits saw a major drop in the nine-months period to September 2022, threatening to weigh on credit growth for...

CBN Tough Crypto Regulation Vindicated by FTX Blow-up

The move by the Central Bank of Nigeria (CBN) to crack down on decentralized digital or Crypto currencies early last year, is being vindicated...

Banks’ N1.0 trillion AMCON Charge Worry Shareholders

Shareholders are worried that the mandatory regulatory levies imposed on banks by the Asset Management Corporation of Nigeria (AMCON) has become a nuisance as...

Nigeria’s Biggest Firms Post N1.71 trillion Profit as Recession Looms

Nigeria's biggest listed firms, members of the NGX-30 index posted N1.71 trillion in cumulative profit, even as analyst warn that a profit recession looms. Eight...

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