The NGX All-Share Index experienced a significant decline in April, losing N3.57 trillion in market value. This downturn represents the first monthly decline for the NGX this year, contrasting with gains of 17.7%, 12.47%, and 5.64% recorded in January, February, and March respectively. Despite this setback, the NGX is still up by 31.36% year-t...
Investors lost N784 billion on the stock market last week following sell-off in the shares of some highly capitalised stocks. The selloffs kept the stock market in the negative territory despite signs of recovery in some banking securities, which hitherto drove weak performance in the market, reports Vanguard. Investment analysts had projected...
•Tinubu and Al Thani President Bola Tinubu has re-echoed his government’s resolve to fight corruption and create a good business environment, urging Qatari investors to report any Nigerian government official who asks for bribe. Tinubu said this at the Nigeria-Qatar Business and Investment Forum in Doha, yesterday, promising that his governmen...
A member of the House of Representatives representing Ideato North South Federal Constituency, Hon. Ikenga Ugochinyere Ikeagwuonu, has expressed concerns over the raid of headquarters of the Dangote Group by operatives of Economic and Financial Crimes Commission (EFCC). EFCC yesterday raided the headquarters of the Dangote Group in connection ...
•The suspects The Kogi State command of the Nigeria Security and Civil Defence Corps NSCDC has paraded one Faruk Abdullahi for the procurement of fake employment letter of the Nigeria Maritime Administration and Safety Authority NIMASA to Sule Abdullahi at the cost of two million naira. Also paraded were pastor Chimezie who collected one Milli...
Against the backdrop of more exits from ground operations in Nigeria by more multinational companies, Nigeria’s economy is expected to lose $335 million (about N310bn) in Foreign Direct Investments, FDI. The amount represents the combined asset value of the two latest exit announcements by Procter & Gamble, P&G, a major global player i...