GTCO Completes Acquisition of One Funds Management
GTCO Completes Acquisition of One Funds Management Guaranty Trust Holding Company Plc (GTCO Plc) has announced the completion of the acquisition of 100 per cent shares in Investment One Funds…
IMF Tasks Nigeria on Major Economic, Governance Reforms
IMF Tasks Nigeria on Major Economic, Governance Reforms Following its consultation with the authority, the International Monetary Fund (IMF) has again tasked the Nigerian government with major economic and governance…
NASD OTC Market Cap Dips as Investors Lose N3.24 Bln
NASD OTC Market Cap Dips as Investors Lose N3.24 Bln The NASD Over-the-Counter (OTC) dipped at the just concluded week as unlisted companies shares prices track lower, according to trading…
Naira Mixed at Official, Parallel Markets as FX Reserve Drops
Naira Mixed at Official, Parallel Markets as FX Reserve Drops The Nigerian local currency, naira, recorded a mixed result in the just concluded week, trading between the highs and the…
Local Investors Dominate Stock Market as FPIs Move Out
Local Investors Dominate Stock Market as FPIs Move Out Domestic investors’ participation in the Nigerian Exchange (NGX) improved further as foreign portfolio investments (FPIs) reduced in the financial year 2021,…
Equity Market Rises N215bn as DANGCEM, OANDO Rally
Equity Market Rises N215bn as DANGCEM, OANDO Rally The equity market rises more than N215 billion on Thursday as the Nigerian Exchange records an increased demand for Dangote Cement, OANDO…
Uganda to Become Seventh-Largest Oil Producer in Africa
Uganda to Become Seventh-Largest Oil Producer in Africa Uganda is to become the seventh-largest oil producer in Africa as financial investment decision marks a step forward towards the country’s oil…
FG Approves New DTA for Public Service
FG Approves New DTA for Public Service The Federal Government has approved a new Duty Tour Allocation (DTA) for the federal public service. The Chairman of National Salaries, Incomes and…
Yield Rises 8bps as Sell Pressures Hit FGN Eurobond
Yield Rises 8bps as Sell Pressures Hit FGN Eurobond The average yield climbs 8 basis points to 6.46 per cent on Thursday as selling pressures hit the Federal Government of…
Nigeria Identifies 96 Terrorism Financiers
Nigeria Identifies 96 Terrorism Financiers The Nigerian Financial Intelligence Unit (NFIU) says it identified 96 financiers of terrorism and 424 associates/supporters of the financiers in Nigeria in 2020 and 2021.…