- Nigerian Exchange Index Falls as Banking Stocks Face Selloffs
- Custodian Investment at N63: Is a N100 Target Within Reach?
- Dangote Cement Withdraws from London Stock Exchange Listing
- NCDMB, NLNG Commit US$9m to Endowment of Professorial Research Chairs in 6 Universities
- CBN Sells N3.85trn in OMO Bills as Investors Bid N4.07trn
- US, European Indexes Edge Higher on AI Stocks Momentum
- Evaluating Digital Asset Utility: Inside the Canadian Bitcoin Casino Ecosystem
- Nvidia Share Price Falls Amidst CEO Jensen Huang Scandal, Probe
Author: Ogochukwu Ndubuisi
Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.
The Economic and Financial Crimes Commission (EFCC) has arraigned three men before an Ikeja Special Offenses Court for allegedly stealing the sum of N3.5 billion from Access Bank.
The Nigeria Governors’ Forum (NGF) says though a new minimum wage is due, the proposed N60,000 is not sustainable. NGF’s Acting Director on Media and Public Affairs, Hajiya Halima Ahmed, in a statement on Friday in Abuja, sympathised with the labour unions in their push for higher wages.
Gov. Ademola Adeleke of Osun on Friday presented N4 billion bond certificates to both state and local government retirees in the state.
The Competition and Consumer Protection Tribunal has fined the prominent Pay-TV operator, Multichoice Nigeria, owners of DSTV, GOTV, ₦150 million for disputing the court’s jurisdiction, and ordered the company to provide Nigerians with a one-month free subscription to its subscribers.
Treasury bills yield crashed by 48 basis points in May due to increase buying interest spurred by rates repricing in the primary market. The Central Bank of Nigeria (CBN) has made investment in Treasury bills lucrative for some individuals, corporates and especially deposit money banks.
FCMB Plc has indicated in its most recent regulatory filing on the Nigerian Exchange (NGX) that it expects the group profit after tax to reach N21.211 billion in the third quarter of the 2024 financial year.
Pharmaceutical company, May & Baker Nigeria Plc (M&B), shareholders have approved a total dividend pay-out of N517.57 million for the financial year ended 2023. The amount translates to a dividend of 30k for every 50k share held in the company, representing a total of dividend of N571.57 million, subject to applicable tax.
A Pan-African credit rating agency, Agusto & Co, has upgraded Wema Bank’s rating from BBB to BBB+, following the bank’s strong 2023 financial performance.
AfreximBank Disburses $925m Oil-Backed Loan to Nigeria
NGX Loses N85bn as Investors Take Quick Profit The Nigerian Exchange, NGX, lost about N85 billion on Thursday as equities investors continue to take quick profit from recently rallied stocks. The selloffs that started early in the morning during the trading session persisted, causing key performance indicators to dip by 0.15%. The bearish session came in contrast to capital appreciation in the market yesterday. Consequently, the Nigerian Exchange All Share Index nosedived by 12 basis points, while the year-to-date return moderated. Stockbrokers said in their market updates that major driver of bearish outing was profit-taking in the Banking and Consumer…