Transcorp Power Ltd has solidified its presence within Nigeria's power sector by acquiring a significant 60% stake in Abuja Electricity Distribution Company (AEDC). This strategic maneuver aligns with...
Michael Burry had some investments in Chinese stocks and his recent 13F revealed that the Scion Asset Management boss has exited his position. We saw Burry’s new big short position yesterday bu...
Tony Elumelu, an esteemed entrepreneur from Nigeria and a leading figure in Africa, has experienced a notable growth in his financial fortune as a result of a significant rise in the market valuation ...
In a striking continuation of success, Fidelity Bank Plc, a prominent player in the financial sector, has once again secured the top position for earnings per share on the Nigerian Exchange Limited (N...
Dr Doris Uzoka-Anite the Minister of Industry, Trade and Investment says that the ministry is on the workout into taking long-term measures that will help boost the nation's economy by working closely...
Nigeria’s economy grew by 2.98 percent year-on-year in real terms in the first quarter of 2024, according to the National Bureau of Statistics. This growth rate is higher than the 2.31 percent recor...
Jim Cramer reviews ten stocks that are up more than 200% so far this yearKey Takeaways:* CNBC’s Jim Cramer on Wednesday highlighted ten stocks, each valued at over $1 billion, that have gained over ...
A fuel subsidy is known to be a financial assistance that is provided by the government to reduce the cost of fuel for consumers in a certain region. It’s done to keep fuel prices lower and make it ...
On Wednesday, the Nigerian Exchange Limited (NGX) gained N132 billion at the market's close to cover losses incurred in previous markets. Yesterday, Seplat Nigeria recorded a 10% profit, Meyer Plc rec...
On Wednesday, the Nigerian stock market finished positively as major stocks like FBN Holdings and 33 others pushed market capitalization to N306 billion. On Tuesday, the Nigerian Exchange Limited reco...