Nigerian Breweries Plc (NB) has called for an extraordinary general meeting with shareholders to obtain approval for 80% shareholding acquisition in Distell Wines and Spirits Nigerian Limited.

The Nigerian Exchange (NGX) hit a new all-time high on record on Friday following equities investors’ reactions to the inflation surge. Following a sustained rally in the local bourse, key performance indicators increased by +0.12%.

FBN Holding Plc (FBNH) has failed to list Oba Otudeko as a shareholder despite a large share acquisition credited to its erstwhile Board Chairman acquired from the stock market.

Nigerian fintech start-up, Paystack is downsizing its team outside Africa, starting with the layoff of 33 employees in Europe and the UAE, where it has an engineering hub.

Foreign direct investment (FDI) into China declined by 9.4% year-on-year to CNY 987.01 billion in the first ten months of 2023, equivalent to USD 136.40 billion, data from the Ministry of Commerce showed.

The price of Bitcoin has fallen 3% over the past 24 hours to $36,250, retreating from its recent high near $38,000, which marks the largest digital asset’s highest level since cryptos plunged into a brutal bear market in May 2022.

The International Monetary Fund (IMF) and Cameroon government have reached a staff-level agreement on policies required to unlock financial support worth about $73 million, according to a statement released by the multilateral lender.

The average yield on Nigeria’s US dollar bonds declined as foreign investors ramped up interest in the sovereign interest amidst global yield repricing – reversing risk-off sentiment experienced earlier in the week.

Global market prices of crude oil declined below $80 per barrel as inventories rose due to strong US oil production, ANZ Bank said in a Friday note.

Nigeria and the African Group on Thursday called for an equitable and fair international tax system toward achieving the Sustainable Development Goals (SDGs).