Browsing: Business
Oando Plc announced that its upstream Joint Venture (JV) with NNPC E&P Limited (NEPL), the NEPL/Oando JV, has enabled the delivery of a 60-megawatt (MW) Independent Power Plant (IPP) in Yenagoa, Bayelsa State.
Tosin Eniolorunda, ALX Host Masterclass for Women Entrepreneurs Tosin Eniolorunda, Group CEO of Moniepoint Inc., has delivered on a commitment…
The International Monetary Fund (IMF) has endorsed Nigeria’s ongoing bank recapitalisation drive. It said that stronger capital buffers are cushioning the financial system against external shocks and strengthening resilience amid intensifying global uncertainties.
The Nigerian local currency, the naira, gained against the US dollar at the official foreign exchange market amid a surge in FX liquidity.
CBN Approves N2.2trn OMO Bills Allotment to Investors The Central Bank of Nigeria (CBN) raised N2.2 trillion from OMO bill…
Nigerian Exchange Opens Negative, Investors Lose N275bn The equity segment of the Nigerian Exchange (NGX) opened the week on a…
Stock Market: Profit-Taking, Liquidity Rotation, Oil Risk Define Nigeria’s Week Ahead As the Nigerian financial markets transition from the final…
MTN Nigeria Plc lost 6.46% of its market value, equivalent to N1.028 trillion, amid large-scale selloffs on the Nigerian stock market. The telco company’s market value plunged as investors dumped shares on the Nigerian Exchange, according to trading data tracked by MarketForces Africa.
The market value of Zenith Bank Plc.’s 41.069 billion outstanding shares increased by approximately 8%, reaching N4.569 trillion, following a rapid rally that aligned with broader market trends last week.
GTCO Plc has reached a market valuation of N4.513 trillion on the Nigerian stock market, amid significant gains by its main competitor, Zenith Bank.