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Saturday, December 21, 2024

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Nigerian Stock Market Starts the Week on a Bearish Note

The Nigerian stock market kicked off the week on a bearish note as profit-taking activities in WAPCO (-4.7%) led t a 0.1% decline in the All-Share Index to 98,107.52 points. Consequently, the Month-to-Date and Year-to-Date returns settled at 0.6% and +31.2%, respectively. The total volume of trades declined by 58.1% to 436.04 million units, valued at NGN12.86 billion, and exchanged...

Nigerian Stock Market Starts the Week on a Bearish Note

The Nigerian stock market kicked off the week on a bearish note as profit-taking activities in WAPCO (-4.7%) led t a 0.1% decline in...

Governor Soludo Visits Markets, Encourages Monday Business Activities

By Christian ABURIME On Monday last week, Governor Chukwuma Charles Soludo, paid an unscheduled visit to Onitsha main market, where he issued a directive that...

Oando, UBA, FBN Drag the Nigerian Stock Market Down

The Nigerian stock market extended Tuesday's loss as sell pressure on OANDO (-3.5%), UBA (-1.8%), and FBNH (-1.7%) drove the All-Share Index lower by 0.1%...

Nigerian Stock Market Starts the Week on a Bearish Note

The Nigerian stock market kicked off the week on a bearish note as profit-taking activities in WAPCO (-4.7%) led t a 0.1% decline in the All-Share Index to 98,107.52 points. Consequently, the Month-to-Date and Year-to-Date returns settled at 0.6% and +31.2%, respectively. The total volume of trades declined by 58.1% to 436.04 million units, valued at NGN12.86 billion, and exchanged...

Tech

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Economy

Sustainability

Afreximbank Participates in Bank of Industry Nigeria’s Syndicated Facility of EUR 2-billion

African Export-Import Bank (Afreximbank) recently joined a consortium of financial institutions in London to sign a landmark syndicated term loan facility for Bank of Industry (BOI) Nigeria of up to EUR 2 billion. Afreximbank acted as one of the Initial Mandated Lead Arrangers, Bookrunner and Facility Agent. The Bank disbursed its participation amount of EUR 175 million in September 2024 in...

African Development Bank to Make $30 million Equity Investment in Africa Finance Corporation to Catalyse Climate Action

The African Development Bank’s Board of Directors has approved a $30 million equity investment in Africa Finance Corporation (AFC) for the rollout of innovative...

Anambra State SABER Committee Hosts SME Summit To Expand Credit Opportunities For Small Businesses

By Ukpa Ewa The Anambra State Action on Business Enabling Reforms (SABER) Committee, through the Anambra State Small Business Agency (ASBA) and Anambra State Investment,...

African Development Bank, Absa Unveil Package to Expand Capital Markets, Boost Economic Growth for Women and Youth

The African Development Bank and Absa Group, one of Africa's leading financial services providers, have signed a landmark agreement to mark the execution of...

Politics

Anambra State to Conduct Local Government Election in September

By Titus Chigozie After a hiatus of 10 years, Anambra State Independent Electoral Commission (ANSIEC) has said that it is set to conduct local government election in the state. A notice signed by the State Chief Electoral Officer, Genevieve Osakwe, revealed that the election will be held on September 28, 2024. The notice reads as follows; "Anambra State Independent Electoral Commission wishes...

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Perspective

Oborevwori: Garlands for the Homeboy

By Felix Ofou As the saying goes, a prophet is without honour at home. Most heroes die uncelebrated or honoured by their kith and kin. Often, it is strangers who tell the stories of battles fought, victories won and argue why a man of valour should be decorated and adorned with honour. But, Delta State Governor, Rt Hon Sheriff Oborevwori broke...

Oborevwori: Garlands for the Homeboy

By Felix Ofou As the saying goes, a prophet is without honour at home. Most heroes die uncelebrated or honoured by their kith and kin....

UN in Nigeria: Charting a Path Towards a Brighter Future

By Mohamed Malick Fall   The indescribable destruction caused by the first and second world wars led many to desire an international organization dedicated to maintaining...

Governor Soludo: A Man Ahead of His Time

By Christian ABURIME The truly exceptional leaders in the world are often those who possess the foresight to anticipate future trends and challenges. They are...

Lifestyle

Showmax Original Drama Series Cheta M Returns Returns for Season 2 in January 2025

Showmax has released the trailer for the second season of its Nigerian Original epic drama series, Cheta M. The new season premieres on Monday, 6 January 2025 with three new episodes released every week. This epic tale follows the star-crossed love story of Adanna (Oluchi Amajuoyi) and Nnanna (Kingsley Nwachukwu), whose bond is tested amid the escalating conflict between the...

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Afreximbank Participates in Bank of Industry Nigeria’s Syndicated Facility of EUR 2-billion

African Export-Import Bank (Afreximbank) recently joined a consortium of financial institutions in London to sign a landmark syndicated term loan facility for Bank of Industry...

Cassava Technologies Secures USD 310 Million in Funding and Completes Business Reorganization

Cassava Technologies (Cassava), a global technology leader of African heritage, has announced three significant milestones: a substantial equity injection, the successful completion of its...

No Expiry Date for Old Naira Notes

The Central Bank of Nigeria (CBN) has said that all Naira notes, including the old and new designs of the N1000, N500, and N200...

African Development Bank to Make $30 million Equity Investment in Africa Finance Corporation to Catalyse Climate Action

The African Development Bank’s Board of Directors has approved a $30 million equity investment in Africa Finance Corporation (AFC) for the rollout of innovative...

Oborevwori: Garlands for the Homeboy

By Felix Ofou As the saying goes, a prophet is without honour at home. Most heroes die uncelebrated or honoured by their kith and kin....

Electricity Tariff: Engineer Asks NERC to Treat the Aba Power Case Expeditiously

Following a public hearing yesterday in Abuja on APL Electric Company Ltd, Nigeria’s 12th electricity distribution company (DisCo) 's request for an electricity tariff...

Showmax Original Drama Series Cheta M Returns Returns for Season 2 in January 2025

Showmax has released the trailer for the second season of its Nigerian Original epic drama series, Cheta M. The new season premieres on Monday,...