Verdant Capital, an investment manager and investment bank specializing in the private capital markets and operating on a Pan-African basis, has announced its plans to invest its Verdant Capital Hybrid Fund $9 million in the lending subsidiaries in Zambia, Egypt, Kenya, Tanzania, Nigeria, Malawi, Zimbabwe, Ghana, and the Democratic Republic of Congo. The Hybrid Fund […]
Analysts at Bancorp Securities Limited, a leading investment research and consulting services firm in Nigeria, have predicted a bearish momentum in the Nigerian equities trading sessions this week as profit- taking actions will predominantly define investors’ options. In the firm’s ‘Weekly Stock Recommendations Jun 26 – Jun 30, 2023’ sourced by BRTNews.ng on Monday, the […]
The Industry Consumer Advisory Forum (ICAF), an initiative of the Nigerian Communications Commission, (NCC) to promote interactions among stakeholders in the nation’s telecom’s sector, has expressed its concern about the increasingly worrisome incidents of electronic fraud (e-fraud) as digital adoption continues to gain traction in the country. The Forum advised that organizations should join forces […]
……depreciates against other foreign currencies Nigeria’s currency, the Naira, reversed its exchange rate loss against the US dollar at the black market on Wednesday, to trade at an average of N758/$1. which indicated 2.82% gain when compared to the N780/$1 it traded in the previous day’s trading session. Some Bureau De Change (BDC) operators at […]
…assures value-laden benefits of product to customers TAJBank, Nigeria’s leading non-interest bank, on Tuesday launched a new digital banking app – TAJWAY – in furtherance of its sustained drive to surpass customer expectations in real time and cost-free banking services nationwide. The digital banking app, which is rated as one of the most secure […]
Trading on the Nigerian Exchange (NGX) closed positive on Tuesday as bulls took over the control of the bourse’s trading session from bears that held sway in the previous day’s tradin session. Consequently, the All-Share Index (ASI) improved by 0.16% to close at 59,110.02 index points as against 59,014.85 index points recorded in the previous […]
Airtel Africa Plc has said that the latest policy measure by the Central Bank of Nigeria (CBN) unifying the exchange rates at the parallel and the official markets will help in alleviating the challenges faced by businesses in the last few years to access foreign currencies. The telecom company made this in a Notice signed […]
For the second consecutive day, Nigeria’s currency, the Naira, depreciated in exchange rate against the US dollar on Tuesday, to trade at an average of N780/$1 in the black market, representing a 2.77% decline when compared to the N759/$1 it traded in the unofficial market on Monday. Some FX dealers in the Federal Capital Territory […]
Nigeria’s national currency, the Naira, depreciated in value against the US dollar at black market on Monday and traded at an average rate of N759/$1, representing a decrease of 0.26% in value compared to the N757/$1 it traded last Friday at the unofficial FX market. Some FX dealers in the Federal Capital Territory (FCT) said […]
Investment experts at Bancorp Securities Limited, one of the nation’s investment research and consulting services companies, have projected that the nation’s equities market will sustain its bullish trend with the financial services sector being the prime mover of the trading trend in the bourse this week. The analysts made this forecast in the firm’s ‘Weekly […]