Custodian Investment offers to buy shares from UPDC’s shareholders
Custodian Investment Plc has offered to acquire over 34 million shares from the minority shareholders of UPDC Plc. Custodian Investment
Read more
FEATURED
Naira wobbles, weakens again to 498 against dollar
The Nigerian currency weakened again at the parallel market on Friday after recording gains against the dollar in two consecutive
Read more
Lafarge Africa redeems N33.6bn bond
Lafarge Africa has announced the redemption of its matured N33.6 billion bond due on June 15, 2021. The company said
Read more
Capital Hotels agrees to sell 51% stake to 11Plc
The board of directors of Capital Hotels Plc has agreed to sell 51 percent stake in the company to 11
Read more
IMF raises concern over return of fuel subsidy in Nigeria
The International Monetary Fund has expressed concern over the resurfacing of fuel subsidies in Nigeria. The Nigerian government had in
Read more
Dangote Cement issues N50bn bonds, to be listed on NGX, FMDQ Exchange
Dangote Cement Plc, Africa’s largest cement producer, has announced the successful issuance of N50 billion Series 1 Fixed Rate Senior
Read more
Ardova to acquire 100% stake in Enyo
Ardova Plc, formerly Forte Oil Plc, says it has reached an agreement with Enyo Retail and Supply Holding Limited to
Read more
Naira plunges to 505 against dollar amid forex scarcity
The Nigerian currency fell on Tuesday to a new record low against the dollar at the parallel market. The naira
Read more
Nigeria’s forex reserves fall below $34bn despite oil rally
Nigeria’s foreign exchange reserves have dropped below $34 billion despite the rally in the price of crude oil, the major
Read more
Nigerian govt’s reliance on central bank financing worrying: Capital Economics
The Nigerian government’s growing reliance on the Central Bank of Nigeria for the financing of budget deficits is certainly worrying,
Read more