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Investors Lose N242bn as Equities Market Falls Rapidly

There were riotous selling rallies in the equities segment of the Nigerian Exchange (NGX) in the just concluded week, dragging market capitalisation lower by about N242 billion.

NASD Loses N23bn as Investors Dump Unlisted Shares

Investors trading unlisted companies' shares on the NASD Securities Exchange platform lost more than N23 billion to hefty selloffs in the over-the-counter (OTC) market, according to data.

Food Prices Worsen in Nigeria, Statistics Bureau Says

The National Bureau of Statistics (NBS) stated that prices of selected food items increased in August. This is according to the NBS Selected Food Prices Watch Report for August, released in Abuja on Saturday.

Fitch Downgrades Ghana on High Risk of Debt Distress

With limited external reserves buffer amidst expectation that Accra will pursue debt restructuring, Fitch Ratings...

Fresh stories

Today: Browse our editor's hand picked articles!

Investors Lose N242bn as Equities Market Falls Rapidly

There were riotous selling rallies in the equities segment of the Nigerian Exchange (NGX) in the just concluded week, dragging market capitalisation lower by about N242 billion.

NASD Loses N23bn as Investors Dump Unlisted Shares

Investors trading unlisted companies' shares on the NASD Securities Exchange platform lost more than N23 billion to hefty selloffs in the over-the-counter (OTC) market, according to data.

Food Prices Worsen in Nigeria, Statistics Bureau Says

The National Bureau of Statistics (NBS) stated that prices of selected food items increased in August. This is according to the NBS Selected Food Prices Watch Report for August, released in Abuja on Saturday.

Fitch Downgrades Ghana on High Risk of Debt Distress

With limited external reserves buffer amidst expectation that Accra will pursue debt restructuring, Fitch Ratings...

Pension Contributors Can Pay for Mortgage from Retirement Savings Account –PenCom

Pension contributors in active employment can now pay for equity contributions for mortgage from the balance of their Retirement Savings Accounts (RSA).

Investors Lose N242bn as Equities Market Falls Rapidly

There were riotous selling rallies in the equities segment of the Nigerian Exchange (NGX) in the just concluded week, dragging market capitalisation lower by about N242 billion.

Fitch Downgrades Ghana on High Risk of Debt Distress

With limited external reserves buffer amidst expectation that Accra will pursue debt restructuring, Fitch Ratings...

Ghana Economy Expands 4.8% in Q2-2022

Ghana's gross domestic product (GDP) rose 4.8% year-on-year in the second quarter of 2022

Analysis

Nigerian Banks Market Valuations Soften Further

Nigerian banks' market valuations have dropped significantly, and it appears few of the players...

FBN Rating Upgraded after Corporate Governance Irregularities Fix

Following a deliberate effort to reclaim its market position, First Bank of Nigeria (FBN) Limited ...

Fidelity Bank Rated Buy on Strong Earnings Expectation

Fidelity Bank Plc has seen buckets of buy ratings after its relatively healthy earnings performance...

Flour Mills of Nigeria to Raise N200bn, Cancel 899.6mn Shares

Flour Mills of Nigeria to Raise N200bn, Cancel 899.6mn...

Dangote Cement: Analysts See Strong Upside, Expect Earnings Growth

A slew of equity market analysts are seeing upside in Dangote Cement Plc.’s share amidst sell pressures...

LATEST BUSINESS

ECONOMY

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FG Suspends 5% Excise Duty on Telecom Services

The Federal Government of Nigeria has suspended the implementation of the five per cent excise duty

FG Suspends 5% Excise Duty on Telecom Services

The Federal Government of Nigeria has suspended the implementation of the five per cent excise duty

Jumia, Zipline Partner on Drone Delivery in Africa Markets

Jumia (NYSE: JMIA), the leading e-commerce platform in Africa, and Zipline, the world's largest instant...

Tecnotree, MTN Nigeria Ink Multi-Million Dollar 5G Digital Transformation Deal

Tecnotree, a Finnish global provider of digital transformation solutions for Communication Service Providers...

SMEs

How SAP Helps Resolve Capital Issues for MSMEs

Whether it's your favourite pizza place that treats you to Italian flair and flavour anytime

The Reality and Fantasy of Being an Entrepreneur

Without exaggeration, it will take two to five years for the global economy to heal.

Who Wants to Raise Capital for Start-Up, Small Business?

The first language many people, entrepreneurs understand so well is business capital

How to File Taxes as Startups, Small Business Owner in Nigeria

As a business owner in Nigeria, it is compulsory to pay taxes and to track this, every business should have a Tax Identification Number (TIN).

FairMoney Partners Oradian to Accelerate Growth

 FairMoney, the leading credit-led digital financial institution in Nigeria, engages cloud banking solution

Flutterwave Enables eNaira as Payment Option for Businesses

Fintech company, Flutterwave, has added Nigeria's eNaira as a payment option for merchants

Ecobank Opens Application for Fintech Challenge with $50,000 Grant

Pan-African banking group, Ecobank Group, has launched the fifth edition of the Ecobank Fintech Challenge...

Koolboks Raises $2.5m to Scale Solar Refrigeration in Africa

Koolboks, a renewable energy company providing accessible cold storage solutions to businesses

INVESTMENT
MARKET

NGX Sheds N35bn as Stock Prices Swing Low

The Nigerian Exchange (NGX) sheds more than N35 billion on Friday following a selling spree week

Investors Lose N25bn as Bearish Trade Keeps NGX in Red

Equities investors in the Nigerian bourse see their net worth declined N25 billion on Wednesday ...

NASD Security Exchange Falls to N990 Billion

The NASD over-the-counter (OTC) security exchange wobbles further market sentiment declines

NASD Lost N4.2bn as Friesland Campina, NIPCO Drop

NASD over-the-counter (OTC) securities Exchange market dips on Thursday as investors reduce their shares holding

Fixed Interest Securities Yields Steady as Naira Slides to N430

Yields move on a smooth plain on Thursday due to a thin trading session in the Nigerian Treasury bills

FGN Bond Yield Nears 13% over Sell Pressure

The Federal Government of Nigeria (FGN) bond experienced selling pressure in the secondary market

FINANCIAL
PRODUCTS

9% Interest Rate Loan for Export Businesses – FirstBank

A major problem the Nigerian naira is facing now is that Africa’s most populous nation is still feeding...

UBA Fuels SMEs Growth with Structured Lending

It is not contestable that emerging markets like Nigeria have a lot to achieve by helping individuals and businesses

FirstBank Launches Collateral Free 9% Interest Rate Loan for Women

First Bank of Nigeria Ltd. has announced the launch of the FirstGem fund (FirstGem loan)

Stanbic IBTC Infrastructure Fund to Close on Friday

Following the success of the first tranche of Stanbic IBTC N100 billion Infrastructure Fund, the N15 billion

Unity Bank Yanga Product to Empower Underbanked Women Entrepreneurs

Divisional Head, Retail, SME Banking and E-Business, Unity Bank Plc, Mr. Olufunwa Akinmade

How to Buy, Sell Federal Government Bonds

Investors with low-risk profiles are the key buyers of fixed income securities. This is due to near-zero

FSDH Merchant Bank Selling N20bn Commercial Papers Series

FSDH Merchant Bank Limited has started offering series 6 (181-day tenor) and series 7

Cordros Milestone Fund: Taste of Varieties of Investment Options

The investment environment has become so tough that doing it alone could mean earning lower

Meristem Real Estate Advantage Portfolio: A Hedge Against Weak Naira

Nigerians are naturally exposed to fluctuation in their naira assets now.

With 5K, You Can Invest in Stanbic IBTC Shari’ah Fixed Income Fund

With as low as N5,000, you can start testing your appetite for investment in various financial instruments

Stock Market

NASD Loses N23bn as Investors Dump Unlisted Shares

Investors trading unlisted companies' shares on the NASD Securities Exchange platform lost more than N23 billion to hefty selloffs in the over-the-counter (OTC) market, according to data.

Food Prices Worsen in Nigeria, Statistics Bureau Says

The National Bureau of Statistics (NBS) stated that prices of selected food items increased in August. This is according to the NBS Selected Food Prices Watch Report for August, released in Abuja on Saturday.

Fitch Downgrades Ghana on High Risk of Debt Distress

With limited external reserves buffer amidst expectation that Accra will pursue debt restructuring, Fitch Ratings...

Pension Contributors Can Pay for Mortgage from Retirement Savings Account –PenCom

Pension contributors in active employment can now pay for equity contributions for mortgage from the balance of their Retirement Savings Accounts (RSA).

Nigeria Tiers of Government Shared N673bln for August

The Federation Account Allocation Committee (FAAC), has shared N673.137 billion among Nigeria’s three tiers of government as federation allocation for August.

blockchain

XRP Rallies, Pops 40% Return in 7-Day

Ripple: XRP is in the news again this week following a hefty rallies due to improved sentiment after the Federal Reserve’s 75 basis points funds rates hike.

Bitcoin, Ethereum Dab on Fresh Retail Selloffs

Bitcoin, Ethereum and other large-cap crypto assets see their respective price dropping strongly on Monday

El-Salvador Loses 56% on Crypto Bets, Fitch Sees Bonds Default

El-Salvador is 56% down on the country’s crypto bet, according to Nayib Tracker, a website

Bitcoin Trades Below $20,000 in Fresh Selloffs

Following a week long losing streak, Bitcoin trades below $20,000 Saturday after breaking out

Illicit Addresses Hold Large Cryptocurrency Assets–Report

Illicit addresses hold at least $10 billion worth of cryptocurrency, according to the 2022 crypto crime...

Tether’s Reserves Fall by $16bn in Q2

Stablecoin Tether's reserves were worth $66 billion at the end of June 2022, down from $82.4 billion

Cryptocurrencies Theft: Hackers Stole $2 Billion in July

As investors continue to see pressures along digital assets valuations after a 70% market correction...

China Intensifies Crackdown on Cryptocurrency

China’s internet watchdog on Tuesday said it had intensified a crackdown on illegal online...

Bitcoin Retreats, Year to Date Loss Stretches to 51%

Amidst a seesaw price movement across crypto exchanges, major digital assets retreated in the low...

Prices of Major Cryptocurrencies Retreat, Market Cap Tracks Lower

Again, market capitalisation of cryptocurrencies fell below $1 trillion following weak corporate and retail investors’

Bitcoin Gives Up Gain as Top Cryptocurrencies Decline

As the market begins to make a fresh uptrend, there was a selloff on large-cap cryptocurrencies

Crypto Market Rallies on Ethereum Merge Upgrade

After several weeks of painful headlines, crypto markets saw some relief to start the week...

INSIDE AFRICA

Fitch Downgrades Ghana on High Risk of Debt Distress

With limited external reserves buffer amidst expectation that Accra will pursue debt restructuring, Fitch Ratings...

Ghana Economy Expands 4.8% in Q2-2022

Ghana's gross domestic product (GDP) rose 4.8% year-on-year in the second quarter of 2022

Facebook to Label Posts on COVID-19 Vaccines

Facebook Inc., on Monday said it had started adding labels to posts ...

Ghana Receives First Doses of AstraZeneca COVID-19 Vaccine

Today, Ghana became the first country outside India to receive...

Nigeria Records Total of 888 COVID-19 Deaths as Fresh Cases Rise

Nigeria Records Total of 888 COVID-19 Deaths as Fresh Cases Rise. In Nigeria, numbers of infected people that have died climbed higher as coronavirus spreads its venom across the world.

643 new cases lift Nigeria’s COVID-19 total infections to 34,259

643 new cases lift Nigeria’s COVID-19 total infections to 34,259. The Nigeria Centre for Disease Control (NCDC) has announced 643 new COVID-19 cases in the country as total infections from the virus rise to 34,259. The NCDC disclosed this on its official twitter handle on Wednesday.

Total Infections Hit 33,153 as NCDC Adds 595 New Cases of COVID-19

Total Infections Hit 33,153 as NCDC Adds 595 New Cases of COVID-19. Total infections hit 33,153 as Nigeria's health agency announced 575 new COVID-19 cases in the country.
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