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NGX Borrows N14.5bn to Finance CSCS Stake Purchase

The Nigeria Exchange Group (NGX) has taken on a term loan which increased its borrowings to the tune of N14.52 billion to help finance an...

Nigeria Economy Comes Full Circle to 1999

PATRICK ATUANYA Twenty-three unbroken years into Nigeria’s democratic experiment, it’s looking like déjà vu all over again for Africa’s most populous nation as current economic realities...

CBN RT200 Rebate Spurs $2.4bn of Inflows From Non-oil Exports

Non-oil exporters have ramped up the repatriation of export proceeds through the investors and exporters (I&E) window of the foreign exchange market in response...

Euro-Dollar Exchange Rate Converges, Breaks a 20-Year Myth but Raises Concerns for African Countries

The financial market and by extension global economics is changing very fast than anyone could have ever imagined. Some say the pandemic is over but...

Eko, Ikeja are Most Profitable Discos as Sector Crippled by Debt 

Eko Electrical Distribution Company (Disco) and Ikeja Disco are the most profitable and viable power firms in Nigeria, in an industry where the majority...

Capital Market Operators Blame Regulators SEC, FCCPC, NGX, CSCS for Slow Listings

Capital market operators have fingered regulators such as the Nigeria Securities and Exchange Commission (SEC), Federal Competition and Consumer Protection Commission (FCCPC), Nigeria Exchange...

Falling Corporate Cash Flows Could Signal Problems Ahead

Nigerian companies have seen net cash flows from operating activities deteriorate, which validates a fragile economy. The irony is that they are selling but the...

Stanbic IBTC Manager Nkechi Ekeopara Accused of Unfairly Firing Staff

A Manager Nkechi Ekeopara at one of the branches of mid-tier bank Stanbic IBTC is being accused of abuse towards subordinate staff as well...

Dangote Refinery Can Triple FG Revenues From Crude Sales

Analysts at Chapel Hill Denham say domestic oil revenue can grow three-fold if the government sells domestic crude oil to Dangote refinery instead of...

NGX Emerges Africa’s Second Best Performing Stock Exchange For Half Year

The Nigerian Exchange (NGX) All Share Index (ASI) has emerged the second best exchange in Africa so far this year, which validates the magnitude of...

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