Month: May 2023

NGX Roars as Inaugural Speech Boosts Confidence The equities segment of the Nigerian Exchange (NGX) recorded a higher daily gain of more than N1.5 trillion on Tuesday amidst renewed optimism…

Subsidy: Fuel Stations Double Down on Pump Price FUEL stations, and some independent marketers across the country have double down on pump prices of petrol as long queues resurfaced across…

NAMB Begins Microfinance Banks’ Recapitalisation Assessment The National Association of Microfinance Banks (NAMB) has directed all licensed Microfinance Banks (MFBs) nationwide to update it on their recapitalisation status for assessment…

Airtel Africa Trades Flat After Significant Price Down Telecommunication giant, Airtel Africa Plc, halted market valuation decline as the company’s shares traded flat over the last seven trading sessions. In…

Fuel Scarcity Returns as NNPC Supports Subsidy Removal Following the announcement of fuel subsidy removal by President Bola Tinubu in his inaugural speech on Monday, fuel queues have returned to…

FBNH Valuation Hits N500bn as Market Awaits Audited Report FBN Holdings Plc has inched near N500 billion in market valuation as the market anticipates the release of its 2022 audited…

Nestlé Nigeria Spikes 10%, Trailing Peak Price The share price of Nestle Nigeria Plc jerked up by 10% last week, pushing its market valuation above N900 billion. The food producer…

Ardova Gets 14% Valuation Haircut Amidst Plan to Go Private Downstream oil and gas company, Ardova Plc, lost 14% of its market valuation last week amidst an offer to take…

Transcorp Return Spikes as Valuation Jump to N125bn With a 165% return year-to-date return, equities investors in the stock market are taking interest in Transcorp Plc.’s shares as reflected in…