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CATEGORY

Capital Market

Nigeria’s Seplat Spent $450 Million With Firms Tied to Founders

One of Nigeria’s largest independent oil and gas producers spent more than $450 million on goods and services provided by companies linked to its...

Pressure mounts on the central bank as Naira tumbles again

The currency has fallen 20% on the parallel market since January driving inflation and challenging government strategy 2nd August 2022 Prepared for Free Article on...

NEITI: subsidy removal will free economy

The Nigerian Extractive Industries Transparency Initiative (NEITI) yesterday insisted that the removal of Premium Motor Spirit (PMS) subsidy will free the economy from bondage. Executive...

Nigeria has not held a licensing round for oil blocks in 15 years due to regulatory uncertainties

Nigeria has not held a licensing round for oil blocks other than marginal fields since 2007,  due to uncertainties about future regulatory and fiscal...

World Bank says forex crisis, fuel subsidy, others are offsetting Nigeria’s gains from rising oil prices

Foreign exchange crises, high inflation, and fiscal pressures generated by fuel subsidies, according to the World Bank, distort the benefits of a growing non-oil...

More Hardship For Nigerians Over Rising Inflation, Power Cut, Fuel, Food Shortage – W/Bank

The World Bank has predicted more hardships for Nigerians and the citizens of Angola over the rising inflation, increased power outages as well as...

Profit taking activities drag equities down, as investors lose N635bn

The equities market witnessed bearish sentiments last week following pressure from profit taking in some stocks. Having gained in one of five trading sessions during...

‘Investors need accurate data to succeed in capital market’

Chief Executive Officer, Absa Securities, Akinkunmi Majaro has emphasised the importance of accurate data in minimising risks and enhancing potential for success for investors...

Nigeria, Ethiopia agree to meet on trade, economy next month

Nigeria and Ethiopia have concluded arrangements to hold a Joint Ministerial Commission meeting in Addis Ababa, next month, where various areas of bilateral relationship...

Investors Make ₦77.1bn In Nigeria Capital Market

Investors on Thursday gained ₦77.1 billion after eight hours of trading at the Nigerian capital market. The gain came as a result of the rise in...

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