NGX All-Share Index posts biggest single-day gain in 8 months, up 2.03%
Extending the bullish run for second consecutive session yesterday, being August 25, 2022, Nigerian equities posted strong gains as the benchmark Index ended 2.03% stronger – the biggest single-day gain since 31 December 2021 – to settle at 49,661.87 points,…
Again, the OBIdient Movement
Why is the ovation so loud wherever he appears? Church, Weddings, Airports, Bar Association and even Market Places? It is not because he is Obi, it is because this is the first time Nigerians have seen a pathway to escape…
MTN Jump Starts 5G Pilot in Nigeria, Keeps 7 Cities in View
Leading telecom firm, MTN Nigeria Communications Plc yesterday, kicked off an open 5G pilot in the lead-up to its highly anticipated commercial launch. The Company, which intends to launch 5G services in Lagos, Abuja, Port Harcourt, Ibadan, Kano, Owerri, and…
Ghana Cedi now second worst performing currency in 2022—Cordros
The Ghanaian cedi (GHC) has been in the global spotlight recently, with Bloomberg reporting that the currency is the second worst performing currency in the World in 2022 – After the Sri Lankan rupee. Notably, Cordros Research highlight that while…
NGX All-Share Index recovers, gains 0.22% on Wednesday
Ending five straight sessions of losses, Nigerian equities recovered as the benchmark Index rose by 0.22% to settle at 48,675.33 points. Bullish sentiment in index heavyweights, BUACEMENT (+1.27%) and NESTLE (+0.23%) drove the market’s rebound. In addition, following strong H1…
NIMASA Adopts Revised Seafarers Working Conditions—DG
The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) has stated that a revised working condition for Nigerian Seafarers is a major component of the proposed review of the NIMASA Act and the Merchant Shipping Act currently…
Stanbic IBTC Holdings Sees Pre-Tax Jump, net Profits Rise in H1-22
Stanbic IBTC Holdings (STANBIC) released its H1 22 audited results after the market closed on (23 August). The group reported Pre-tax profits growth of 61.8% y/y and Net profits growth of 37.8% y/y. For Q2 22 standalone, Pre-tax profits rose…
Heritage Bank Drives Youth on Saving Toward Target Goals
Nigeria most innovative banking service provider, Heritage Bank Plc, has tasked the youth on the need to adopt approach of setting specific savings goal that would help them to set timeline to attain their goals. The Nigerian youths were charged…
NPA Hails Partnership Between LASG, Dangote, Authority on Roads
Nigerian Ports Authority (NPA) has commended the ongoing collaboration between the Lagos State Government, Dangote Group, and the Authority towards the timely removal of bottlenecks hindering quick completion of the Tin-Can Island-Mile 2 road, highlighting that the accord was already…
Konga Begins monthly public townhall session Thursday
Konga, Nigeria’s leading composite e-commerce giant, has pioneered another exciting initiative, bringing together customers and senior company executives for a virtual interactive session – Chat with our Executive Management – to be held monthly. The maiden edition of the innovative…
