17 hours ago
With the net foreign exchange (FX) loss of over N700 billion suffered by major listed firms and the continuous poor performance of the economy, there are fears that the non-performing loans (NPLs) of banks will record a spike shortly. 
17 hours ago
The Nigerian Stock Exchange (NGX) may have extended July downturn into the current month as losses suffered by many bluechip stocks, especially MTN Nigeria wiped out gains recorded last Friday, causing market capitalisation to dip by N93 billion. At the close of transactions yesterday, investors fortunes declined by N93 billion, due to heavy share price…
17 hours ago
•Asks Tinubu to appoint substantive petroleum minister A professor of petroleum economics at LSU Centre for Energy Studies, the United States, Omowumi Iledare; Chairman of International Energy Services Ltd, Dr Diran Fawibe; Chairman of Julius Berger Nigeria Plc, Mutiu Sunmonu and Managing Director of International Energy Services Limited (IESL), Bayo Ige, have highlighted the reasons…
18 hours ago
MTN Nigeria has bought out the 7.17 per cent minority shareholding in MoMo Payment Service Bank (MoMo PSB). MTN in a corporate disclosure on the NGX website yesterday, announced that it has completed the acquisition of the 7.17 per cent stake in MoMo PSB held by Acxani Capital, thus making MoMo PSB a wholly-owned subsidiary…
18 hours ago
Despite the economic situation that characterised the financial year, Cornerstone Insurance Plc said its revenue increased by 26.5 per cent to N25.91 billion in the December 2023 financial year. The Chairman of the insurer, Segun Adebanji, disclosed this while presenting the financial report to the shareholders at its 32nd yearly general meeting held in Lagos.…
