FG plans to raise N450 billion from January 2025 FGN bond auction
The Federal Government of Nigeria (FGN), through the Debt Management Office (DMO), has disclosed plans to generate N450 billion through its January 2025 bond auction. The post FG plans to raise N450...
View ArticleNigeria’s FX reserves fall by $832.62 million in two weeks, biggest drop...
Nigeria’s foreign exchange reserves declined significantly in two weeks this January 2025, falling by $832.62 million between January 6 and January 21. The post Nigeria’s FX reserves fall by $832.62...
View ArticleBREAKING: Guinness Nigeria reports N20 billion profit, 6 months after Tolaram...
Guinness Nigeria Plc released its second-quarter earnings, revealing a pre-tax profit of N20.1 billion for the period ending December 31, 2024. This marks a significant reversal of fortunes from the...
View ArticleMarket Wrap: All-Share Index declines 0.05%; SEPLAT and ARADEL top trading...
The All-Share Index concluded the trading day on January 23, 2025, with a decline of 48.15 points, closing at 102,788.20. The post Market Wrap: All-Share Index declines 0.05%; SEPLAT and ARADEL top...
View ArticleNaira posts mild gains, U.S. dollar index dips to monthly lows
The naira posted mild gains in Nigeria's foreign exchange market while the U.S. dollar index dipped to its monthly lows. The post Naira posts mild gains, U.S. dollar index dips to monthly lows appeared...
View ArticleBitcoin surges as Trump signs executive order to propel U.S. leadership in...
President Donald Trump has signed an executive order aimed at solidifying the United States' position as a global leader in cryptocurrency and artificial intelligence (AI). The post Bitcoin surges as...
View ArticleTelcos’ 50% tariff hike: A lifeline or a double-edged sword for MTN and...
The Nigerian Communications Commission (NCC) has approved a 50% tariff increase for telecom operators, lower than the industry’s proposed 100% hike. This marks the first adjustment since 2013. Since...
View ArticleSeplat Energy Plc: Will it gain another 147% in 2025?
Seplat Energy Plc has emerged as one of the most prominent success stories on the Nigerian Stock Exchange (NGX), delivering impressive returns over the past two years. After achieving a 110% gain in...
View ArticleWeekly Market Wrap: Nigerian stock market climbs 1.22% as premium NGX stocks...
The Nigerian stock market, tracked by the All-Share Index, concluded the trading week ending January 24, 2025, with a commendable performance, gaining 1,244.62 points to settle at 103,598.30. The...
View ArticlePMI hits 51.0 in December 2024 after months of economic contraction – CBN
Nigeria’s Purchasing Managers’ Index (PMI) for December 2024 rose to 51.0 index points, signaling a return to expansion in economic activities after two consecutive months of contraction. The post...
View ArticleZenith Bank completes Hybrid Offer, reveals N350.46 billion capital raise
Zenith Bank Plc has announced that it has obtained approval from the Central Bank of Nigeria and the Securities and Exchange Commission for its recently concluded rights offer, successfully raising...
View ArticleLivestock Feed Plc reports Q4 pre-tax profit of N681.8 million amid revenue...
Livestock Feed Plc has reported a pre-tax profit of N681.8 million for the fourth quarter of 2024, as detailed in its financial statements released on the Nigerian Exchange (NGX) on January 27, 2025....
View ArticleCBN asks FX market participants to submit compliance report before January 31
The Central Bank of Nigeria (CBN) has directed participants in the foreign exchange (FX) market to submit a compliance report on adherence to the Nigeria FX Code by January 31, 2025. This directive is...
View ArticleMarket Wrap: All-Share Index gains 0.79% as BETAGLASS soars, ACCESSCORP tops...
The All-Share Index closed the trading day on January 27, 2025, with a strong performance, rising by 820.41 points to reach 104,418.95. This marks a 0.79% increase from the previous close of...
View ArticleCrypto market suffers $920 billion liquidation in 24 hours
The past 24 hours have witnessed a significant sell-off in the technology sector, leading to a massive $920 billion wipe-out in the cryptocurrency market. The post Crypto market suffers $920 billion...
View ArticleCBN waives 2025 licence renewal fee for existing BDC operators
The Central Bank of Nigeria (CBN) has approved the 2025 licence renewal fee waiver for the Bureau De Change (BDC) operators with immediate effect. The post CBN waives 2025 licence renewal fee for...
View ArticleNaira shows price stability in unofficial market, CBN introduces FX Code
The Nigerian currency at the unofficial market maintained its face value at the second trading session of the week. The post Naira shows price stability in unofficial market, CBN introduces FX Code...
View ArticleIkeja Hotel reports N5.290 billion pre-tax profits, up 39.46% YoY
Ikeja Hotel Plc has reported a profit before tax of N5.290 billion for the year ended 31 December 2024. The post Ikeja Hotel reports N5.290 billion pre-tax profits, up 39.46% YoY appeared first on...
View ArticleDMO announces results of January 2025 FGN bond auction, raises N669.94 billion
The Debt Management Office (DMO) has released the results of the January 2025 Federal Government of Nigeria (FGN) bond auction. The post DMO announces results of January 2025 FGN bond auction, raises...
View ArticleForensic verification of FX backlogs almost complete, final settlements...
The Central Bank Governor Olayemi Cardoso has announced that the forensic verification of the $7 billion FX backlogs is nearing completion. The post Forensic verification of FX backlogs almost...
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