Dangote refinery, situated in the Lekki Free Zone near Lagos, Nigeria, is owned by Africa’s richest man, Aliko Dangote. It is a $20 billion project set to make Nigeria one of the major exporters of ...
Chipper Cash, Africa’s fintech company, has succeeded in laying off 15 employees in what the company calls the fourth round of layoffs in 2023. This announcement occurred six months ago when the fir...
The Nigerian stock market finished yesterday green as the market gained 0.09% following investors' stakes in MTN Nigeria Communications Plc and United for Africa Plc (UBA) and 34 other stocks. Investo...
Yesterday, the total value of all quoted equities in the Nigerian stock market crossed a threshold of N40 trillion.With its 10th consecutive weekly gain, the market capitalization opened at N39.657 tr...
On Tuesday, Airtel Africa Plc announced the retirement of Olusegun Segun Ogunsanya, the Chief Executive Officer, effective July 1, 2024.The telecommunication company says Sunil Taldar will take on man...
What is the definition of a Balance Sheet?DefinitionThe balance sheet is a financial statement that reports a company’s total assets and how these assets are financed either through debt or equity p...
On Monday, the Federal Government announced that it is reviewing the implementation process for a cost-reflective electricity tariff. Still, it stated plans to continue subsidizing power supply for vu...
Earlier today, it was reported that a liter of petrol has reached its highest since independence, settling at N1,200 per liter. The increase can be attributed to the removal of fuel subsidy by Preside...
Analysis from top market analysts have reported that the Nigerian stock market will sustain its positive trend as investors seek bargain-hunting opportunities. Last week was a success as investors smi...
DefinitionThe term ‘baptism by fire’ originates from a biblical text, Matthew 3:11, which says, “I baptize you with water for repentance, but one who is more powerful than I is coming after me; ...