Nigerian naira appreciated significantly in the country's exchange market in January 2025, gaining N63.72 against the dollar to close at N1,474.78 per dollar on January 31 at the Nigerian Foreign Exchange Market.
According to data from the FMDQ Securities Exchange...
PARIS, France, October 17, 2024 – Africa's largest mezzanine fund manager, Vantage Capital, announced the closure of a €66 million mezzanine investment in Camusat Holding S.A.S.
The funds will be used to refinance debt and support the capital expenditure required...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has further increased the Monetary Policy Rate (MPR) by 50 basis points to 27.25 per cent from 26.75 per cent.
The Governor of the CBN, Yemi Cardoso, made...
By Grace Alegba
Lagos, July 19, 2024 (NAN) The Naira on Friday depreciated at the official market, trading at N1,596.92 to the dollar.
Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign...
Lagos, July 8, 2024 (NAN) Guaranty Trust Holding Company Plc (GTCO) says it plans to raise N400.5 billion through a public offer on the Nigerian Exchange Ltd. (NGX).
Mr Segun Agbaje, Group Managing Director of GTCO, disclosed this on Monday...
Alhaji Aliko Dangote, President of the Dangote Group, announced plans to expand the storage capacity of the Dangote Petrochemical Refinery by an additional 600 million liters, which will increase its total capacity to 5.3 billion liters.
Currently, the refinery can...
Lagos, June 11, 2024 (NAN) Bearish sentiment dominated the equity market on Tuesday, making investors lose N93 billion or 0.16 per cent.
Loses in MTN Nigeria, Transnational Corporation, Ecobank Transnational Incorporated(ETI), Royal Exchange, Oando Plc, among other declined stocks drove...
By Grace Alegba
Lagos, June 7, 2024 (NAN) The Naira on Friday recorded loss at the official market, trading at N1,483.99 to the dollar.
Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous...
ABUJA – The Competition and Consumer Protection Tribunal (CCPT) imposed a N150 million fine on MultiChoice Nigeria Limited on Friday, June 7, for defying its authority by disregarding an earlier order.
The verdict was delivered by a three-man panel chaired...
By Rukayat Adeyemi
Lagos, June 7, 2024 (NAN) A Pan-African credit rating agency, Agusto & Co, has upgraded Wema Bank’s rating from BBB to BBB+, following the bank’s strong 2023 financial performance.
Agusto & Co, also a leading provider of industry...
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