By Adedapo Adesanya FrieslandCampina Wamco Nigeria Plc pulled down the NASD Over-the-Counter (OTC) Securities Exchange by 0.20 per cent fall on Thursday, December 5. The bourse, as a result, lost N2.14 billion as the market capitalisation…
By Adedapo Adesanya Data obtained from the Central Bank of Nigeria (CBN) has shown that the Naira appreciated further against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEX) on Thursday, December 5 by N46.69 or 2.9…
By Dipo Olowookere The bears resurfaced at Customs Street on Thursday, pulling down the market by a marginal 0.06 per cent at the close of trading activities. The loss recorded by the Nigerian Exchange (NGX) Limited was due to profit…
By Adedapo Adesanya Crude oil fell on Thursday as investors weighed the supply outlook after the Organisation of the Petroleum Exporting Countries and its allies (OPEC+) delayed its planned output increase by three months to April 2025,…
By Modupe Gbadeyanka The Banker Magazine of the Financial Times Group in the United Kingdom has announced Zenith Bank Plc as Bank of the Year, Nigeria. At the Banker’s Bank of the Year Awards 2024 held on in London on Wednesday, December 4…
By Adedapo Adesanya The Organisation of the Petroleum Exporting Countries and its allies (OPEC+) has postponed plans to unwind several formal and voluntary crude production cuts into 2026. The alliance agreed to extend the 2 million…
By Aduragbemi Omiyale The Head of Research at Derive.xyz, Mr Sean Dawson, has disclosed that the price of Bitcoin could potentially reach $200,000 next year. On Wednesday, the token cross the elusive $100,000 threshold buoyed by renewed…
By Adedapo Adesanya Nigeria has no plans to stop fossil fuels anytime soon, despite increasing calls for energy transition because the country intends to harness its oil reserves and increase oil output to fill the gap in Africa. This…
By Aduragbemi Omiyale The Investments and Securities Bill 2024 has been passed by the Senate after it scaled the third reading at the upper chamber of the National Assembly. The bill aims to protect investors at the Nigerian capital market…
By Adedapo Adesanya Artificial Intelligence (AI) and privacy are top issues that will dominated part of daily life in 2025, a new report by global cybersecurity and digital privacy company, Kaspersky says. In the latest Kaspersky Security…
By Adedapo Adesanya The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it has exceeded its revenue target by 49 per cent. According to the regulator, the revenue growth is attributed to its strategic overhaul of Nigeria’s…
By Aduragbemi Omiyale The LGS 2 Data Centre at the Lagos Rack Centre, is nearing completion, the chief executive of the facility, Mr Lars Johannisson, has confirmed. The addition of LGS 2 Data Centre will bring the data centre campus…
By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange recorded a 0.08 per cent rise on Wednesday, December 4 lifted by the appreciation in the stock price of Acorn Petroleum Plc. This increased the market capitalisation…
By Adedapo Adesanya The Naira appreciated against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Wednesday, December 4 as the Electronic Foreign Exchange Matching System (EFEMS) of the Central Bank of Nigeria …
By Adedapo Adesanya Oil prices fell by nearly 2 per cent on Wednesday as investors awaited an imminent decision on production cuts by the Organisation of the Petroleum Exporting Countries and its allies (OPEC+). OPEC+ will meet on Thursday…
By Modupe Gbadeyanka The Central Bank of Nigeria (CBN) has published some phone numbers citizens can call to report any bank that fails to give them cash over-the-counter or at Automated Teller Machines (ATMs). In a circular, the banking…
By Adedapo Adesanya Early-stage venture capital fund, Ventures Platform, which invests in innovative startups across Africa, has called for the establishment of an inclusive climate innovation fund to support underrepresented groups in…
By Doron Avni The dawn of the AI age presents a unique opportunity for Africa. With the right policies, the continent can experience accelerated socio-economic progress. According to a recent study by Public First, AI could increase the…
By Adedapo Adesanya President Bola Tinubu has directed the Federal Ministry of Justice and the National Assembly to work on concerns raised in the controversial tax reform bills. This follows criticisms from statesmen, with the most vocal…
By Adedapo Adesanya The Naira appreciated on the US Dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM) by 1.8 per cent or N29.54 on Tuesday, December 3. At the official market yesterday, the exchange rate stood at N1,643.15/…
By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange closed flat on Tuesday, December 3, after the trading platform ended with no price gainer or loser, according to data obtained by Business Post. The market…
By Adedapo Adesanya Oil soared more than 2 per cent on Tuesday as Israel threatened to attack Lebanon if the ceasefire deal with Hezbollah collapses while the market awaits expectations of an extension of supply cuts by the Organisation of…
By Dipo Olowookere The bears overran the domestic bourse on Tuesday, leaving it battered by 0.03 per cent despite investor sentiment being bullish. Business Post reports that the loss inflicted on the Nigerian Exchange (NGX) Limited…
By Adedapo Adesanya The Governor of Lagos State, Mr Babajide Sanwo-Olu, on Tuesday signed into law the Electricity Bill 2024 aimed at improving power supply in the state. The new law also aims to establish an electricity market independent…
In this economy, you can’t be paying for things and not getting the full value. Unfortunately, that’s how most cable TV subscribers feel. It’s like there’s a lot on TV, but nothing for you. Here’s a solution to that problem. We’ve taken…
By Adedapo Adesanya The Bank of Industry (BOI) has received a €2 billion loan to boost trade in Nigeria, facilitated by Africa Finance Corporation (AFC), a continental infrastructure solutions provider, acting as global coordinator, lead…
By Adedapo Adesanya Nigeria successfully priced $2.2 billion in Eurobond maturing in 2031 and 2034 in the international capital markets to finance deficits from the 2024 budget, according to a statement from the Debt Management Office (DMO…
By Adedapo Adesanya As Nigeria’s tax reform bills continue to generate buzz and seep into the consciousness of the public, the Chairman of the Presidential Tax Reform Committee, Mr Taiwo Oyedele, has called for the speedy passage of the…
By Modupe Gbadeyanka The Central Bank of Nigeria (CBN) has approved the appointment of Mr Benson Ogundeji as the chief executive of Greenwich Merchant Bank Limited. The board of the financial institution for businesses had picked Mr…
By Aduragbemi Omiyale The Stanbic IBTC Purchasing Managers’ Index (PMI) has shown that the manufacturing sector in Nigeria has remained depressed below the 50-point mark for November 2024, though there is an improvement. In its latest…