Author: Marketforces Africa

Femi Otedola, FBN Holdings Plc’s chairman, raised its shareholding in the financial services group with direct and indirect share purchases worth N19 billion on Thursday, according to a regulatory filing.

The Economic and Financial Crimes Commission (EFCC), on Thursday, continued with its alleged money laundering case against Tigran Gambaryan, an executive of Binance Holdings Ltd., at a Federal High Court, Abuja

The House of Representatives Committee on Public Petition has summoned AGIP Oil Company to appear before it on June 26, over alleged N80 million owed to De Cooon Services Ltd.

The Nigerian local currency, the naira, tumbled against the US dollar in the official window on Thursday due to lingering FX liquidity crisis that has failed to ease. Data from FMDQ platform where daily spot rate are quoted showed that the Naira depreciated against the dollar by 0.16%, closing at ₦1,485.36 per US dollar.

The Nigerian Ports Authority (NPA) said no fewer than four vessels will discharge various products at Lekki Deep Sea Port in Lagos.

Leadway Assurance has partnered with Octamile to offer “PayCover” solution that allows customers to split their motor insurance premium payments into manageable

The Nigerian Exchange, NGX, saw more than N1 billion gain on Thursday as some lightweight stocks rallied. The equity market closed trading activities relatively

Nigeria’s Super Eagles have dropped by eight points from 30th to 38th in the FIFA World Ranking for June after lacklustre performances in the World Cup

The Debt Management Office (DMO), on Thursday announced a re-opening of three FGN savings bonds worth N450 billion for subscription by auction.

TotalEnergies, operator of OML 58 onshore license in Nigeria with a 40% interest, together with the