- Investors Lose N983bn in Nigerian Stock Market
- BTC, ETH, XRP Rise as Crypto Market Stages Recovery
- Oil Prices Decline as Strait of Hormuz Route Gets Busy
- Stronger US Dollar Keeps South African Rand on Edge
- Tech Stocks Rotation Shakes Global Markets as Apple Hikes Prices
- Nigerian Treasury Bills Yield Jumps 27bps on Sell Pressure
- Naira Hovers Around N1,380 as Interbank FX Turnover Surges
- XRP Dives to $1.03 as Strobe Finance Shutdown Erodes Confidence
First Holdco Plc lost approximately 14% of its market value on the Nigerian Exchange (NGX) as investors rotated out interest in the oldest listed financial services companies in Nigeria.
Access Holdings Plc lost about 14% of its market capitalisation over the last four trading sessions on the Nigerian Exchange (NGX) due to deteriorated investor sentiment.
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Nigeria’s banking sector is not in distress, but it is entering a more disciplined phase of capital stewardship. The Central Bank of Nigeria’s (CBN) new directive requiring regulatory approval before dividend declarations is less a constraint on profitability and more a recalibration of financial resilience.
The Ministry of Petroleum Resources says Nigeria remains committed to the principles and objectives of the Declaration of Cooperation between the Organisation of the Petroleum Exporting Countries (OPEC) and its allies under OPEC+.
Fitch Ratings has affirmed Ireland’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at ‘AA’ with a stable outlook.
Dangote Group has dismissed as false and malicious a publication alleging that its President, Aliko Dangote, distanced himself from Tony Elumelu, describing the report as entirely baseless.
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