On Friday, Investors gained N395 billion as the Nigerian Stock market closed the week higher, driven by strong performances from BUA Foods, NAHCO.
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Stock market records 2 consecutive days of positive trading
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"N5,000 minimum investment": FGN savings bonds open for subscription with above 14% interest rates
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Another Nigerian company set to list shares on Nigerian stock market
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Sterling Holdco opens public offer for Nigerians to buy its shares, releases financial result
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Femi Otedola’s brother, Rotimi, offloads N4.6bn Geregu shares as Nigerian billionaire’s wealth grows
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Foreign investors pull out of Nigeria as naira crashes in official, parallel markets
Recent data on the Nigerian Exchange Limited (NGX) trading activities shows that foreign investment declined to N11.26bn in September 2024 due to the naira crash
Dangote Cement seeks to borrow money from Nigerians as new prices emerge
Dangote Cement has perfected plans to issue bonds via the capital market to raise funds for its operations after displaying spectacular financial results.
Famous Ponzi scheme stages return as SEC plans N20 million fine for operators
The Securities and Exchange Commission (SEC) has proposed an N20 million fine and 10 years jail term for Ponzi scheme operators as Chinmark seeks to return.
“You cannot use cash to buy real estate”: CBN reacts to proposed investment and securities bill
The SEC proposed investment and securities bill (ISB) 2024 may have several provisions that violate existing money laundering laws, according to the CBN.
Nigerian oil companies with highest profits in 9 months, Seplat leads
About six Nigerian oil companies reported a whopping N464.6 billion profit in 2024, led by Seplat, TotalEnergies, Aradel, MRS Oil, Conoil, and Eterna.
More money for Otedola, Geregu Power investors as company's revenue skyrockets to N112 billion
Geregu Power Plc has generated a revenue of N112 billion from its operations in Nigeria, a double of what it generated in the same period in 2023.
CBN issues new directive to Access, Zenith, other banks on Forex compliance
The Central Bank of Nigeria has instructed banks and all other foreign exchange market participants to provide compliance reports for the FX Code.
Nigerian banks close over 23 million customers' accounts in one month
Nigerian commercial and merchant banks terminated 23.3 million customer accounts in July 2024, according to data from the Nigerian Interbank Settlement System.
Otedola tightens grip on first bank, spends over N16bn to buy more shares
Nigerian billionaire Femi Otedola has strengthened his position as the largest individual shareholder in First Bank of Nigeria Holdings following a new investment.
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