Month: September 2024

Nigeria’s top investment banking firm, CardinalStone Limited, has slashed Airtel Africa’s 12-month price target amidst expectation that the telecom company will return to profitability in the financial year 2024/2025.

Fidson Healthcare Plc’s market valuation increased by about 22% in the equities market after the pharmaceutical company announced strategic deals it closed with three Chinese firms.

Nigerian Big Balance Sheet Banks Rise by N145bn to N5.079Trn A strong buy side activities in the equities market lifted…

Caverton Offshore Support Group topped performers on the Nigerian Exchange with more than 45% positive price appreciation…

The market value of Fidelity Bank Plc rose by more than 24% week on week as investors accumulated the tier-1 lender shares.

The National Drug Law Enforcement Agency, NDLEA, has intercepted 25 million  pills of tapentadol, an opioid three times stronger than tramadol and

Money market rates dipped as liquidity balance in the financial system rose, ended at positive territory on Friday.  The surge, according to investment banking

The Nigerian naira exchange rebounded against the US dollar, gained about N115 on each greenback traded in the official forex market.

Value hunters in the equities segment of the Nigerian Exchange or the stock market saw about N455 billion in gain due to strong buy side activities.

Nigeria’s gross external balance has increased to $37.394 billion, a level seen last in Oct 2022, official data obtained revealed. Nigeria’s FX reserves