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TNC Daily Open: Consumer Confidence Falls as Inflation Fears Rise

Nigeria, March 17 -- This report is from today's TNC's Daily Open, our international markets update. TNC Daily Open keeps investors informed on everything they need to know, no matter where they are. ... Read More


AIICO's 2024 Profit Growth Hides a Claims-Driven Underwriting Issue

Nigeria, March 17 -- Although AIICO Insurance's 2024 profit increase was spectacular, a closer examination exposes significant difficulties in its basic operations. Growing claims and insurance-relat... Read More


Tesla's Stock Could Plunge 50%-Is the EV Giant Running Out of Charge?

Nigeria, March 16 -- Tesla, the once-undisputed titan of the electric vehicle (EV) revolution, is facing turbulent times. A brand synonymous with innovation, speed, and the eccentric genius of Elon Mu... Read More


MTN's N400 Billion Loss in 2024: When Will Profit Return?

Nigeria, March 16 -- The telecommunications giant MTN Nigeria, once a symbol of resilience in the African market, faced a staggering N400 billion loss in 2024. This unexpected financial downturn has ... Read More


UK Economy Contracts by 0.1% in January Amid Production Slowdown

Nigeria, March 15 -- The UK economy unexpectedly shrank by 0.1% in January, marking a disappointing start to the year as economic uncertainties persist. Data from the Office for National Statistics (... Read More


Russia Turns to Bitcoin and USDT for Oil Trade with China and India

Nigeria, March 15 -- In response to mounting international sanctions, Russian oil companies are increasingly embracing cryptocurrencies like Bitcoin and Tether's USDT to facilitate trade with major pa... Read More


Renaissance Completes Shell's Nigerian Subsidiary Acquisition, Rebrands Company

Nigeria, March 14 -- Renaissance Africa Energy Holdings, a group of foreign and Nigerian energy companies, has fully acquired the Shell Petroleum Development Company of Nigeria (SPDC). Renaissance Af... Read More


All-Share Index Gains 0.12%; Updc excels, Tantalizer and Access Corp Lead Volume

Nigeria, March 14 -- On March 13, 2025, the Nigerian All-Share Index finished the trading day higher, up 130.56 points to 106,220.94. Despite a drop in trading volume, this increase represents a 0.12... Read More


TNC Daily Open: S&P 500 Joins Nasdaq in Correction, Dow Stands Alone

Nigeria, March 14 -- This report is from today's TNC's Daily Open, our international markets update. TNC Daily Open keeps investors informed on everything they need to know, no matter where they are. ... Read More


Consumer Firms Choke As CBN Rate Hikes Drive Up Credit Prices

Nigeria, March 13 -- Consumer products companies in Nigeria are struggling with rising financing costs, which increased by 56% in 2024 due to the central bank's interest rate hikes, which have driven ... Read More