AMCON Takes Over Glano Ltd Over N2.4bn Debt
The Asset Management Corporation of Nigeria (AMCON) has taken over assets belonging to Glano Nigeria Limited over a huge indebtedness of over N2.4 billion. The takeover follows an order of…Read More
FBNH Loses 6% Ahead of Audited Report Release
FBNH Loses 6% Ahead of Audited Report Release This week, it is cheaper to own shares of FBN Holdings Plc after about a 6% price down of the group stock…Read MoreCommonwealth Finance Ministers Call for Reform of Global Financial Architecture
Commonwealth Finance Ministers Call for Reform of Global Financial Architecture Finance ministers from various Commonwealth countries have called for a systemic reform of the global financial architecture to enhance access…Read MoreDangote Sugar Pays Shareholders N18.22bn Dividend
Dangote Sugar Pays Shareholders N18.22bn Dividend Despite the economic headwinds that characterised 2022, Dangote Sugar Refinery Plc (DSR) will pay N18.22 billion as dividends to shareholders for the year ended…Read MoreFCMB Valuation Declines to N70bn
FCMB Valuation Declines to N70bn FCMB Group Plc saw its market valuation decline by about 8% in the last seven trading sessions to N70.299 billion on Friday, according to data…Read MoreFidelity Bank Pops Value, Raised N14bn from Private Investors
Fidelity Bank Pops Value, Raised N14bn from Private Investors Fidelity Bank Plc’s market capitalisation slumped to N147.481 billion on Friday, data from the Nigerian Exchange show following profit-taking activities in…Read MoreJaiz Bank Valuation Slumps to N30bn Ahead of Dividend Payment
Jaiz Bank Valuation Slumps to N30bn Ahead of Dividend Payment Nigeria’s premier Non-interest lender, Jaiz Bank Plc, a closely held share saw a price decline of 3.3% in the stock…Read MoreNGX Loses N601bn as Investors Eye Fixed Income Market
NGX Loses N601bn as Investors Eye Fixed Income Market The equities market lost more than N601 billion over the five days trading session on the floor of the Nigerian Exchange,…Read MoreNigeria’s Inflation Rate Accelerates to 22.04%
Nigeria’s Inflation Rate Accelerates to 22.04% Nigeria’s headline inflation rate accelerated further in March 2023 over sustained general increase in prices of food items and other basic needs. According to…Read MoreAdamawa Governorship Rerun: INEC May Take Decision Tuesday
The Independent National Electoral Commission (INEC) is likely to meet on Tuesday, April 17, 2023 to take a decision on the supplementary election in Adamawa State. The Commission on Sunday…Read MoreConfusion In Rivers LG As Soldiers Besiege Community Over Attack On Personnel
Many natives and residents of Ndele Community in the Emohua Local Government Area of Rivers State have fled their village over fears of reprisal attacks from operatives of the Nigerian…Read MoreAdamawa Governorship Rerun: SSS Investigates Attack On Staff
The Department of State Services has commenced an investigation into the attack unleashed on one of its operatives during the controversial governorship election re-run in Adamawa State. In a video…Read More
