KELECHUKWU MGBOJI

Stocks rebounded on Monday with a ₦203.44 billion gain in market capitalisation which closed higher at ₦34.27 trillion. The benchmark All Share Index which measures the performance of traded equities also appreciated by 0.60 percent to…

The Nigeria Treasury Bills stop rates contracted by 3 basis points to 6.3 points for all three tenors following intense demand pressure leading to 77.42 oversubscriptions by investors. Specifically, the 91-day, 182-day, and 364-day…

The share price of First Bank Nigeria (FBN) Holdings crashed by 28.2 percent on Friday, July 14 after Obafemi Otudeko’s massive acquisition of the lender’s equities attracted the searchlight of the Securities and Exchange Commission (SEC).…

Nigeria's total remittances declined to $952 million in the half-year period between January and June 30, 2023. The development came as the Central Bank of Nigeria (CBN) on Wednesday directed that International Money Transfer Operators…

With a $14.2 billion net worth, Aliko Dangote has overtaken South Africa’s Johann Rupert as Africa's Richest Man, making him the continent's wealthiest for 12 years, according to Forbes 2023 Index. Last June, Forbes Magazine ranked Johann…

In the first two months of this year, Nigeria recorded -N931 billion in fiscal deficit, highlighting the severe pressures on the government. The Central Bank of Nigeria's (CBN’s) latest monthly economic report shows that the federal…

Strong bargain hunting in the shares of heavyweight Dangote Cement lifted the stock to a maximum daily gain of 10 percent on Monday on its share buy-back plan, which buoyed the market to an impressive 2.48 percent gain. Consequently, the…

The Naira weakened against the dollar across all forward contracts in the week just ended July 7 just as investors bid the local currency above N1000/US$ on the OTC FX Futures Market. For the 1-month, 2-month, 3-month, 6- months, and…

The Nigerian Exchange Group Plc (NGX Group) will be seeking shareholders' approval to authorise an increase in the group's share capital. This is one of the special resolutions the Oscar Onyema-led Group will be presenting before…

The banking industry's total credit rose to N30.64 trillion by the end of April 2023, up from N26.10 trillion in April 2022, the Central Bank of Nigeria (CBN) Deputy Governor, Economic Policy Directorate, Kingsley Obiora, has disclosed.…