The Naira opened the week strongly in its exchange rate tussle against the US dollar at the black market in the early hours of Monday, trading at an average of N758/$1, representing 0.26% appreciation from N760/$1 it exchanged at during Friday’s trading session. FX traders in the black market partly attributed the local currency’s appreciation to the […]
Nigerian Breweries is set to pay its shareholder N13.87 billion total dividend as return on their investment for the financial year ended December 2022 The company’s Board of Directors hinted about the final dividend payout to investors in a statement issued by the Company Secretary, Uaboi Agbebaku, posted on Nigerian Exchange’s (NGX’s) website. The dividend […]
The Nigerian equities market opened the trading week positive on Monday as bulls dominated the trading session, thereby boosting the broad market’s index. Data from the Nigerian Exchange Limited (NGX) on the day’s trading, reflected that at the end of the day’s trading, the All-share Index (ASI) grew by 0.69% to close at 55,328.42 points […]
Global leading technology solutions provider and philanthropist, Bill Gates, has invested $902 million as a minority shareholder in Heineken Holding NV, the majority shareholder in the world’s second largest brewer. Disclosure on the deal based on filing with the Dutch capital market regulator indicated that the Microsoft investor acquired 3.8%b equity in Heineken Holding NV. […]
The Central Bank of Nigeria (CBN) on Friday announced the appointment of Mr. Isa Abdulmumin as its Acting Director of Corporate Communications Department, following the retirement of the Mr. Osita Nwanisobi from service. Abdulmumin, a Deputy Director, has been in the apex bank for many years during which he has consistently exhibited a high level […]
Trading on the Nigerian equities market ended positive on Friday amidst buy-interests and sell-offs by investors as bulls dominated the session, driving up the broad market’s index. Data from the Nigerian Exchange Limited (NGX), the local bourse’s supervisory institution, indicated that at the end of the day’s trading, the All-share Index (ASI) surged by 0.55% […]
Former Managing Director of Asset Management Corporation of Nigeria (AMCON), Mustapha Chike-Obi, at the weekend charged the leaders of the Chartered Institute of Stockbrokers (CIS) to consider the re-opening of discussions on reintroduction of margin lending in the nation’s capital market for its sustainable growth. The asset management expert and banker made a strong case […]
Nigeria’s Vice President, Prof. Yemi Osinbajo, on Thursday expressed optimism that the new Gateway Agro Cargo International Airport, Iperu, Ogun State, would remarkably boost the nation’s economic growth, especially the non-oil sector as the government continues to intensify its diversification drive of the economy. Osinbajo, who made this remark during the maiden test flight of […]
The United States (US) President, Joe Biden, has nominated former Mastercard CEO, Ajay Banga, to lead the World Bank following the resignation of current World Bank president, David Malpass. A statement from the White House on the nominee indicates that Banga, who is currently vice chair at private equity firm, General Atlantic, and also serving […]
The Society of Motor Manufacturers and Traders (SMMT) has reported that battery electric, plug-in hybrid and hybrid electric vehicle volumes were up 49.9% to 28,329 units, tallying with the current shift towards EVs, with electric car registrations continuing to rise in absolute numbers year on year. The UK car production slightly dropped in the first […]