Author: Olu Anisere

MTN Nigeria Crossed N4 Trillion Ahead of Q4 Earnings MTN Nigeria Plc has again crossed N4 trillion market value in the equities segment of the Nigerian Exchange following a positive price movement. Over a short trading period last week, the telecom stock gained 10.54% on the back of a Santa Claus visit that lasted till Friday’s close. Data from the local bourse showed that MTN Nigeria share price rose to N194 from N175.5 due to increased demand boosted by earnings expectations. The positive price movement lifted its market value to N4.073 trillion on the Nigerian Exchange trading platform. This is…

Investors showed significant buying interest on some financial stocks – banking and insurance names – in the local exchange last week. Demand for financial stocks increase generally ahead of fourth quarter of 2024 earnings release.

The average yield on the Nigerian U.S. dollar bond advanced slightly due to offshore investors that were repositioning

The average yield on Federal Government of Nigeria (FGN) bonds saw a marginal increase in the secondary market over soft sell pressure, resulting in a slight uptick in the average yield to 19.75%.

The bearish sentiment on Bitcoin plunged cryptocurrencies market capitalisation downward by 4% after Christmas. Investors, basically on the retail end, reduced their bets on the world’s largest digital coin on Boxing Day.

Crude oil prices increased in the global commodities market on Thursday on China’s positive demand expectation.  Brent crude price climbed to $73.25 per barrel while the US benchmark West Texas Intermediate (WTI) also edged higher to $70.1 per barrel.

Opponents of Tax Reform Enemies of Nigeria — Okupe A former presidential spokesman Dr Doyin Okupe says opponents of the proposed Tax Reform Bills are enemies of the country, saying the bills are pro-poor and pro-development. Okupe, in an interview with the Newsmen in Lagos, said that no right thinking person would stand against the reforms meant to protect the poor and tackle corruption. “Any right-thinking human being who has had the opportunity in these last two months or so to listen and to read what the tax reforms are all about and goes against it, is an enemy of…

Nigeria’s largest lender, by total asset, Access Bank, the banking subsidiary of Access Holdings Plc, has successfully beat the new capital requirement

Global cryptocurrencies market capitalisation rose as Bitcoin gained more than 4.2% in 24 hours to $98,030,

Regulatory Breach: Lagos Seals Coca-Cola, FrieslandCampina, Guinness The Lagos State Water Regulatory Commission (LASWARCO) has sealed three companies for extracting large quantities of groundwater for commercial purposes without proper authorisation and compliance with regulations. The three companies are Nigerian Bottling Company, producers of Coca-Cola, FrieslandCampina, makers of Peak Milk and Guinness Nigeria Plc. Mr Olowu Babatunde, Director, Technical Services, LASWARCO, said this during an enforcement on Tuesday in Lagos. Babatunde said that LASWARCO had been engaging with these companies for over seven years to encourage compliance but efforts have been met with limited success. “We operate a law that empowers…