Shoprite Mall has announced that it will be closing its branch located at Novare Central Mall in Wuse Zone 5, Abuja, effective June 30, 2024. This decision comes after a …
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Dangote laments as Nigerian govt grants licences for import of dirty fuel banned in Europe
Vice President, Oil and Gas at Dangote Industries Limited (DIL), Devakumar Edwin, has lamented the large number of licenses being granted indiscriminately to marketers who he said end up importing …
Read More »Amid biting hardship, loans taken by Nigerians from banks hit N3.8tr
As Nigerians battle rising inflation and economic hardship, loans taken by Nigerians from banks rose to N3.82 trillion in January. This was 11.9 percent higher than the N2.64 trillion recorded …
Read More »Series 1 of FCMB-TLG Private Debt Fund opens for Investment today
Recently, FCMB Asset Management Limited (FCMBAM) held a signing ceremony for Nigeria’s first Naira denominated Private Debt Fund, the FCMB-TLG Private Debt Fund. The Fund, which has been approved by …
Read More »GTCO, Transcorp, Guinness, Presco top list of stocks to watch this week
GTCO, Transcorp, Guinness, Presco top the list of stocks to watch in the new week as investors seek to recover from the N103 billion loss recorded during last week’s Eid-El-Kabir …
Read More »Naira sells 1,485/dollar as official forex market records $23bn
Forex turnover at the official foreign exchange market has increased to $23.29bn within over six months of trading following a flurry of reforms by the Central Bank of Nigeria, …
Read More »Caverton Offshore loss worsens to N12bn
Caverton Offshore Support Group Plc has seen its loss after tax worsen by about 146.79 per cent to N12.75bn at the end of December 2023 from N5.17bn in the …
Read More »Stockbrokers advocate tech adoption for bank recapitalisation
The Chartered Institute of Stockbrokers has called on the Central Bank of Nigeria to adopt advanced technology throughout the bank recapitalisation process to ensure efficiency and effectiveness. In a …
Read More »FBN Holdings gross earnings soared by 181% in Q1
FBN Holdings grew gross earnings by 181.43 per cent to N1.60tn in the first quarter of 2024. In a statement made available to The PUNCH on Sunday, the group …
Read More »RT Briscoe unveils N10bn investment scheme
RT Briscoe Nigeria Plc has revealed plans to raise N10bn through a newly launched investment scheme approved by the Securities and Exchange Commission. The firm in a statement made …
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