Capital Market
Otedola to sell shares of its electricity company, Geregu Power, to Nigerians, to stock exchange
Femi Otedola has made history as his power generating company, Geregu Power get listed on the Nigerian exchange, giving public a chance to co-own his company.
Tsunami hits the Naira as it exchanges for N730 to a dollar
The naira hit an all-time low on Thursday as it exchanged for N730 per dollar on Thursday, September 29, 2022 at the parallel market, declining by 0.69 per cent
Naira gains N10 against the dollar at the black market but loses at the official window
The naira made a moderate recovery at the black marker, gaining about N10 against the US dollar on Wednesday, October 5, 2022, according to available data.
US govt fines Kim Kardashian over N544m for promoting crypto on social media, Nigerian presidency reacts
Kim Kardashian, a US television star have been forced to pay $1 million for advertising a cryptocurrency asset on social media while hiding was she was paid.
Bad day for BUA Cement as investors lose N112 billion in one day
Dangote Cement's major competitor, BUA Cement had N112 billion shaved of its share price which investors losing a lot of money on Thursday. September 22, 2022.
Naira depreciates at the parallel market, exchanges for N712 per dollar
The naira has failed to recover from the N700 threshold it entered in early August as it continues to weaken against the dollar at both official, black markets.
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