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Nigeria’s Red-Hot Stock Rally Faces Reality Check as Rate Hike Looms
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It could be a case of ‘what goes up will eventually come down’, for Nigeria’s red-hot stock market as risk of higher bond yields...
Dangote Cement Hits N10trn Market Cap as Bulls Mimic Otedola’s Moves
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Dangote Cement once again had major bullish sentiment bidding its shares up in todays trading as it crossed the N10 trillion market capitalisation mark...
Banks Boost Investors Wealth by N3.95 trillion in 7-Months
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…UBA biggest gainer since June 2023
BALA AUGIE
Since June 1, 2023 the country’s largest banks have added N3.95 trillion to shareholders' wealth, thanks to President...
Transcorp Stock Undervalued After Huge Rally as N32 Seen as Next Target
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Transnational Corporation of Nigeria (Transcorp) stock has had a huge run up in its shares in the past 12-months, however the rally may still...
Value of Stock Holdings for Nigeria Billionaires Hit N16.62trn
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The value of stock market holdings for Nigeria billionaires who own significant shares in their companies have hit N16.62 trillion, according to MoneyCentral calculations.
Of...
Transcorp Hotels Joins Trillion Naira Market Cap Club
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As the monster rally that started in June 2023 spilled into this year, Transcorp Hotels Plc has joined the N1 trillion market capitalisation club.
The...
Explore Our Pick of 25 Most Significant MoneyCentral Stories of 2023
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MoneyCentral Editors take a look back at 25 of our most influential, popular and exclusive articles of 2023, with our hand-picked selection, below.
The Exclusive...
Nigeria Equities Outperform Global Peers on Tinubu Reforms
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Nigerian equities rank as the best performing market globally, outperforming African and global peers, thanks to market friendly reforms of president Bola Tinubu as...
Massive Government Capex Spend to Buoy Nigerian Cement Stocks
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Strong capital expenditure announced by the federal government in its 2024 budget coupled with renewed focus on the affordable housing segment could lead to...
US SEC Charges Tingo Group, Dozy Mmobuosi With Massive Fraud
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America’s Securities and Exchange Commission (SEC) will bring charges against Dozy Mmobuosi, the CEO of Tingo Group, for fabricating financial statements and other documents of...