Nigeria’s Forex Market Liquidity Tumbles 80% in One Week
Nigeria’s foreign exchange (FX) market suffered a sharp contraction in liquidity last week, with total turnover plunging by more than
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Author: Markets Reporters
Chevron, Partners Sign Deals for Equatorial Guinea Gas Project
Noble Energy EG Ltd, a Chevron company, alongside its co-venturers, and the government of Equatorial Guinea have signed agreements for
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Spectranet, Legend Agree to Merge, Target Q2 for Completion
Lagos-listed Legend Internet Plc has announced a proposed merger with broadband provider Spectranet Limited, in a deal that will combine
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Moniepoint Buys Restaurant Management Firm Orda Africa
Moniepoint Inc. has announced the acquisition of Orda Africa, a cloud-based restaurant management platform operating in Nigeria. Under the terms
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Zenith Dethrones GTCO as Nigeria’s Most Valuable Bank Amid London Listing Plan
Zenith Bank Plc has overtaken Guaranty Trust Holding Company (GTCO) to become Nigeria’s most valuable banking group after its shares
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Nigerian Tycoon Elumelu Calls for Safeguards After AI-Generated Scam Video
Tony Elumelu, a Nigerian tycoon who chairs several companies including the United Bank of Africa and Transnational Corporation, has called
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BUA Cement Becomes Fourth Firm to Hit N10trn Valuation, Overtakes Airtel Africa
BUA Cement has become the fourth company on the Nigerian Exchange Limited (NGX) to cross the N10 trillion valuation mark,
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Nigeria’s Single-Digit Food Inflation Short-lived as Prices Surge Amid Ramadan
Nigeria’s return to single-digit food inflation has proven short-lived as prices rose in February as the start of the holy
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Shell Nigeria’s Bonga Back on Stream after FPSO Maintenance
Shell Nigeria Exploration and Production Company Limited (SNEPCo) has completed the turnaround maintenance on the Bonga Floating Production, Storage and
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Swiss-Based Shipping Giant MSC Inks 45-Year Terminal Deal with Nigeria’s Nigerdock
Mediterranean Shipping Company (MSC), the world’s largest shipping line, has signed a 45-year sub-concession agreement with Nigerdock to develop, operate,
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