Year: 2023

Negative price movement in banking names has dragged the equities market capitalisation of the Nigerian Exchange (NGX) downward during the intraday trading session, Alpha Morgan Capital said in an update.

Equities investors queue for Oando Energy Plc shares following the company secured a $800 million deal to fund its acquisition of Nigerian Agip Oil Company (NAOC) from the African Export-Import Bank.

The Petroleum Tanker Drivers (PTD) have threatened to exit its umbrella body, the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), if its President Williams Akporeha and General Secretary, Afolabi Olawale, do not resign.

The Nigerian Ports Authority (NPA) has issued a stern warning against the illegal stripping of containers along the port access road.

Retail lender, Unity Bank Plc has extended N10 million business grant to 30 members of the National Youth Service Corps, NYSC, who took part in the 10th edition of the Bank’s flagship Entrepreneurship Development Initiative, known as Corpreneurship Challenge.

The Payment  Unit of MTN , MoMo PSB, says it is  targeting 20 million Nano and Small  Medium Enterprise  (SMEs) to provide  financial  services to enhance  financial  inclusion.

Oil prices increased on Monday ahead of the much-expected OPEC+ meeting over expectations that the group will continue its current output cuts through January.

The share price of MeCure Industries closed at N5.73 on Friday, gaining 46% from its opening price of N3.92 in the week, according to data from the Nigerian Exchange.

Despite efforts by the Nigerian government to drive growth, a tight financial condition has been named among other growth inhibit issues that would checkmate gross domestic product growth in the real term.

In Nigeria, the exchange rate gap between the official and black market has widened as US dollar challenges persist. Government effort to drive foreign currency inflow has yet to yield results.