The recently released stats on the Nigerian Stock Exchange have revealed that there has been a positive progression due to the economic reforms implemented by the Bola Tinubu administration. Because o...
It was reported that after the Central Bank of Nigeria unified the foreign exchange market, International Breweries Plc reported a loss of N70.03 billion for fiscal year 2023, up from N21.63 billion t...
It has been reported that International Breweries' majority shareholder, AB InBev Nigeria Holdings BV, has accepted a $379.9 million loan from the company's shareholders to help it repay a loan it rec...
On Thursday, the naira experienced a major decline against the US dollar, trading at N1,309/$ at the official market and N1,420 at the parallel market. This depreciation can be attributed to the high ...
Yesterday, the Federal Inland Revenue Service (FIRS) executive chairman, Dr. Zacch Adedeji, stated that the commission achieved a goal of N3.94 trillion in tax revenue in Q1 2024. He also said that th...
The Federal Reserve is the central bank of the United States of America. The main responsibilities of the Fed are:Ensuring stability in the financial systemRegulation of the banking industryProtecting...
On Monday, billionaire Leon Cooperman, chairman and chief executive of Omega Advisors warned against the sharp rise of mom-and-pop investors on CNBC. These individual investors are taking advantage of...
In an attempt to insulate the US economy from the novel coronavirus pandemic, the Federal Reserve announced an emergency rate cut on Tuesday. Through the rate cut, the Feds slashed market interest rat...
Even as the coronavirus pandemic hits the market and causes many stocks to plunge, the 'big short' investor, Michael Burry is not disturbed by the turn of events in the stock market. “I have had a s...
US stock futures and the Asian stock market surged after global policymakers announced on Tuesday the economic measures to curb the economic impact of the Covid-19 on the global economy.On Monday, US ...