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Naira Breaches N1500 Threshold over ‘Slim’ US Dollar Supply The naira exchange rate has breached N1500 and declined to N1503 at the official market today despite an unexpected decision of the Central Bank of Nigeria (CBN) to inject foreign currency into the autonomous FX market. In the parallel market, the Naira closed at N1,525 against […]

Equities Investors See N980bn Gain as Airtel, Seplat, Geregu Rally Equities market capitalisation of the Nigerian Exchange (NGX) jumped to N56 trillion on Wednesday as investors recorded about N980 billion daily gain in the local bourse. The latest rally pushed the stock market key performance indicators upward by 1.76% after a sell-down witnessed in the […]

Senate Constitutes Committee for 1999 Constitution Amendment Amidst public requests for constitutional review, the Senate has constituted a committee for 1999 Constitution Amendment, according to an official statement from the Red Chamber on Wednesday. President of the Senate, Godswill Akpabio, announced the composition of the committee at plenary today. Akpabio stressed the need for the […]

Fidelity Bank Extends CEO Tenure to 2026 Nigeria’s top tier-2 financial institution, Fidelity Bank Plc,  has announced its Board of Directors’ decision to extend the employment contract of its group managing director and chief executive officer, Dr. Nneka Onyeali-Ikpe, from 2024 to 2026. Mr Ezinwa Unuigboje, the Company Secretary, said this in a regulatory filing […]

Africa Finance Corp. Names Emeka Emuwa Board Chairman Africa Finance Corporation (AFC) the continent’s leading instrumental infrastructure solutions provider, today announced the appointment of Mr. Emeka Emuwa as Chairman of its Board of Directors. Mr. Emuwa brings a wealth of experience spread over three decades leading and transforming banking institutions across Africa. After completing a […]

Bitcoin Rises to $51,800 as ETF Inflows Hit $4bn The cryptocurrency market continues to inch higher as the price of the largest digital asset is getting close to $52,000 following large ETF inflows. The market recorded a surge in the Crypto Fear and Greed Index (CFGI), which hit 74 out of 100 as Bitcoin broke […]

Uber Announces $7bn Shares Buyback after First Profit Uber Technologies said on Wednesday it will buy back up to $7 billion worth of company shares after a strong recovery in ride-share and healthy demand at its food delivery business. This is coming after the company returned to profitability. Uber’s fourth quarter revenue grew 15 per […]

Oil Rally as OPEC Retains Demand Forecast Oil market rally as the Organisation of Petroleum Exporting Countries (OPEC) keeps demand forecast unchanged. Brent rose by 0.25% to $82.98 per barrel. The American benchmark, West Texas Intermediate (WTI), traded at the same time at $78.03 per barrel, up 0.21% from Monday’s close of $77.87 per barrel. […]Read More

Airtel, BUA Foods Drive Intraday Gain on NGX Buying interest in Airtel Africa Plc, BUA Foods and other stocks have lifted the Nigerian Exchange (NGX) indicators higher after a negative performance yesterday. During the intraday session, the NGX All Share Index is exhibiting a bullish run, reflecting an increase of 2.11%, according to Alpha Morgan […]

On February 15, blockchain expert Davidson Oturu will kick off the Nigerian Bar Association’s (NBA-ICLE) 5-day virtual training programme “Mastering Blockchain for Lawyers” with an introductory session tailored for legal professionals. In the opening presentation, Oturu will trace the evolution of blockchain technology, starting from Bitcoin’s creation in 2008 to the diverse blockchain ecosystems today. […]

The Progressive Governors’ Forum has advised their counterparts in the People’s Democratic Party (PDP) against utterances and actions capable of inciting the masses against the federal government. In a statement in Abuja yesterday, the Chairman of the Progressive Governors’ Forum and Governor of Imo State,Senator Hope Uzodinma said the economic and security challenges confronting the […]

The Christian Association of Nigeria (CAN) has urged the government at all levels to take concrete measures to support Nigerians facing economic hardship and bring prosperity. CAN President, Archbishop Daniel Okoh, made the call in a statement he personally signed as part Ash Wednesday/Lent message, where he also called for reflection and compassion. He noted […]