Nigeria, Dec. 19 -- Femi Otedola, the chairman of First HoldCo Plc, has further consolidated his position as the top shareholder of the financial services group, with his latest share purchase valued ... Read More
Nigeria, Dec. 15 -- Nigerian stocks sustained their uptrend last week, adding 1.6 per cent, driven by growing demand for consumer goods shares. Financial services stocks alone accounted for more than... Read More
Nigeria, Dec. 13 -- The Lagos division of the Federal High Court has struck out an order for the Asset Management Corporation of Nigeria (AMCON) to enforce receivership over oil and gas firm General H... Read More
Nigeria, Dec. 10 -- Talks to take over Beta Glass, Nigeria's second best-performing stock this year, by a new majority owner, Helios Investment Partners, has been completed with a deal reached to cons... Read More
Nigeria, Dec. 8 -- Nigeria is taking a new approach towards achieving more realistic revenue projections and preventing a recurrence of instances in the past, where over-ambitious forecasts led to und... Read More
Nigeria, Dec. 8 -- Nigerian stocks are gaining back lost ground after an announcement of plans to aggressively increase capital gain tax on shares caused the market to tank by 5 per cent on a single d... Read More
Nigeria, Dec. 6 -- FCMB Group leveraged a sharp expansion in interest income to drive a 52.3 per cent increase in net profit for the first nine months of the year, making it one of the few outliers th... Read More
Nigeria, Dec. 4 -- The Nigerian Exchange Limited (NGX) has launched a listing segment for commercial papers in a move targeting improved trading in corporate debt in the country's fixed income market.... Read More
Nigeria, Dec. 1 -- Nigerian stocks marginally declined by 0.1 per cent last week, even as trade volume improved by roughly 52 per cent. The financial services sector, dominated by banks and insurers,... Read More
Nigeria, Nov. 24 -- Nigerian stocks diminished by 2.2 per cent last week on account of sell pressure on a number of equities. Profit taking in insurance and industrial goods stocks largely accounted ... Read More