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Airtel Africa Falls to N4.4trn on Price Correction After hitting the rooftop earlier in the year, Airtel Africa Plc’s share price has been declining, losing 6% last week to close at N1,175 on Friday, trading data from the Nigerian Exchange (NGX) shows. Airtel Africa grows customers but the telecom company saw its profit reduced year […]

Naira Posts Small Gain Ahead of Policy Committee Meeting The Naira posts a small gain as the exchange rate at the Investors, Exporters window settled lower at N463 versus the United States (U.S) dollar, according to data from the FMDQ Exchange platform. Spot FX rate at the window had crossed N465 per greenback in the […]

MTNN Maintains Lead as Dangote Edged Out Airtel Telecom giant, MTN Nigeria Plc, maintains the lead in the trillion naira valuation gang on the Nigerian Exchange.  Tracking behind is Dangote Cement Plc, a former heavyweight lifter in the local bourse. Airtel Africa has actually dropped to third position while BUA Cement came behind.  On the […]

FBN Holdings Gains Weight, Valuation Rises to N449bn FBN Holding Plc saw a further increase in market valuation as demand for shares of the financial services behemoth spiked further despite the delay in the group’s earnings releases. Investors have become quite sentimental even without audited statements, positioning appears to be heavy. The elephant brand has […]

Geregu Power Valuation Jumps by  5% to N763 billion  Geregu Power Plc has solidified its gaining streaks as the company’s share price inched upward by about 5% last week. The utilities company listed at N100 per share last year has pooped to N305 as investors continue to take positions. The stock opened at N290.7 and […]

IBM Launches $100m Partnership with Global Universities to Develop Novel Technologies At the G7 Summit in Japan, IBM (NYSE: IBM) announced a 10-year, $100 million initiative with the University of Tokyo and the University of Chicago to develop a quantum-centric supercomputer powered by 100,000 qubits. Quantum-centric supercomputing is an entirely new, and as of now, […]

By Carl Umegboro The ‘Grand Commander of the Order of the Federal Republic’ (GCFR) is the highest national honorary grant in the country exclusively conferred on presidents and former heads of state. The last time I checked, only the names of former heads of state, former presidents and the incumbent namely; Shehu Shagari, Abdulsalami Abubakar, Ibrahim Babangida, […]

A Federal High Court sitting in Lagos has fixed May 24, to hear a suit filed by a former counsel to the Economic and Financial Crimes Commission (EFCC), Nkereuwen Mark Anana, against the Akwa-Ibom State Governor, Mr. Udom Gabriel Emmanuel and two others over the spending of 13 percent derivation refunds. Listed as the Governor’s […]

By Farooq Kperogi AFTER failing to stop him from emerging as APC’s flagbearer in 2022 and mounting steep hurdles for him in the 2023 election, Muhammadu Buhari increasingly comes across as intentionally charting courses of action designed to provoke pre-inauguration confrontation with Bola Ahmed Tinubu. Or am I missing something? Take, for example, Buhari’s request […]

Private Sector to Invest $3.7bn in Ports Concession The Infrastructure Concession Regulatory Commission (ICRC), has said the concessioning of three ports by the Federal Executive Council (FEC) would attract an investment 3.7 billion dollars from the private sector. The Director-General, ICRC, Micheal Ohiani said this in a statement signed by Mr Ifeanyi Nwoko, Acting Head, […]

Nigerian Exchange Slides to N28.4trn The Nigerian Exchange (NGX) recorded negative performance as investors took profit during a five long trading session amidst the headline inflation jump. The market performance came mixed with seesaw movements in the prices of growth stocks. Key performance indicators slumped, year to date moderated amidst weak sentiment spurred by uncertainties […]

CIBN Revenue Rises to N2.06bn The Chartered Institute of Bankers of Nigeria (CIBN) said its revenue rose to N2.06 billion in the year ended 2022. Dr Ken Opara, President/Chairman of CIBN, said this at the 2023 Annual General Meeting (AGM) of the institute held on Saturday in Lagos. Opara said that the figure represented 16.9 […]