The management of the United Bank for Africa (UBA) has revealed that, with an excess of N2 trillion in shareholder funds, it intends to raise additional capital when the time comes, in compliance with...
The National Bureau of Statistics (NBS) reported Monday that Nigeria's annual inflation rate rose to 33.20% in March from 31.70% in February.According to the statistics office, the headline inflation ...
It was reported on Sunday that the country's local currency (naira) increased against the US dollar, breaking through key resistance levels to trade below N1,000 in certain black market segments.This ...
Top market analysts have stated that they anticipate the current trend of downturns in equity prices to continue as market fundamentals shift in the face of rising volatility, portfolio rebalancing, a...
It has been reported that Indorama Eleme Fertiliser and Chemicals Limited, a Nigerian company, and the African Development Bank have concluded a $75 million loan agreement. The bank made this announce...
Nigerian stock investors lost N252 bn at the close of Thursday trading as the Nigerian Exchange sustained its bearish trading on Thursday.So far, the market has witnessed a combined loss of N467bn bet...
It has been recently announced that an American business has been ordered by a US court to pay an arbitral award of £343,750.91 to BUA International Limited.The order was granted to Domtec Internatio...
The Nigerian Stock Exchange finished Wednesday negatively, leading market capitalisation down. The NGX All-Share Index (ASI) declined 336.82 points, representing a 0.32% decline, to close at 104,...
A recent report revealed that the naira has continued to strengthen against the US dollar as it re-recorded a positive move on Wednesday, much to the delight of Nigerians, both at the official foreign...
In its most recent Forbes billionaire list, the rating company named Nigerian businessmen Aliko Dangote, Mike Adenuga, Abdulsamad Rabiu, and Femi Otedola as the richest Nigerians in 2024. This is desp...