Month: August 2023

Stock Market Value Declines as Banking Index Dip The Nigerian stock market value declined by about N28 billion midweek as selloffs in Tier-1 Banks shares pushed the banking index down…

Naira Reclaims 5% as Banks Release Update on FX Sales The Nigerian local currency, the naira, reversed losses it sustained in August as the apex bank price verification portal opens…

Oil Jumps Over Big Drawdown in U.S. Inventories The global oil market rallied midweek over a massive drawdown in US crude inventories and tighter supply from producers. According to trading…

Lagos NUJ Honours Dangote as Highest Private Employer in Nigeria It was a night of accolades for Africa’s foremost business conglomerate, Dangote Industries Limited, (DIL), as journalists in Lagos State…

Companies Hire for Roles to Lead Digital Initiatives Companies were seen posting a significant number of jobs with roles to drive their digital initiatives such as digital ultrasound services, artificial…

CardinalStone Sets N1,988.64 Target Price for Seplat Energy Nigeria’s top investment firm, CardinalStone Securities Limited, has set N1,988.64 12-month target price for Seplat Energy, saying this price expectation does not…

Akwa Ibom Shuts Down Illegal Chinese Mining Company The Akwa Ibom Government has closed down a Chinese mining firm, Ruitai Mining Company, for failing to produce an operation licence. Chief…

Gabonese Military Officers Depose President Ali Bongo Gabonese military officers have cancelled election results and dissolved state institutions, claiming they have taken power, local media reported on Wednesday. The African…

Transcorp Hotels Rises to N428bn over Demand for Shares Transcorp Hotels Plc rose to N428 billion on Tuesday in the equities market due to increased demand for its shares. Transcorp…