NGX to continue drive towards attracting capital around sustainability
Nigerian Exchange Limited (NGX) has said it will continue its drive towards attracting capital around sustainability and will continue to partner with market stakeholders. Its Chief Executive Officer, Temi Popoola, stated this during a Physical closing gong ceremony for Guinness…
Inflation hits 22.41% in April—NBS
Nigeria’s headline inflation sustained its uptrend in May, increasing by 19bps to 22.41% y/y (April: 22.22% y/y). The outturn is 6bps higher than Cordros’ estimate (22.35% y/y) and 31bps higher than Bloomberg’s median consensus estimate (22.10% y/y). Likewise, on a…
ASEA targets AELP Phase II roll-out by Q3 2023 to drive investment
The African Stock Exchange Association (ASEA) has revealed that having successfully launched phase one of the African Exchanges Linkage Project (AELP), it is looking at rolling at the second phase of the project to ensure investors take advantage of the…
Just in: Nigeria, India seal deal to end illicit drug flow in Abuja
Pursuant to a new deal sealed today, June 14, 2023 in Abuja, tough time awaits traffickers of illicit drugs between Nigeria and India. Otherwise, with a historic signing of a Memorandum of Understanding between the National Drug Law Enforcement Agency,…
Ikhide’s Hoax and Campaign of Calumny against Dangote Group
By Segun Adenigba Erasmus Ikhide over the last 15 years has done hatchet jobs in the media. He picks his targets randomly. For example at a point he was appointed by Rauf Aregbesola who was then the governor of…
Sanwo-Olu, Sanusi to headline Nigeria2Equal Gender Leader Awards
In keeping with their commitment to promoting action toward enhancing gender equality and mainstreaming increased opportunities for women in leadership, employment, and entrepreneurship in the Nigerian private sector, International Finance Corporation (IFC) and Nigerian Exchange Limited (NGX) are set to…
Lolu Alade-Akinyemi now Lafarge Africa’s CEO
Resilient cement giant, Lafarge Africa has appointed Lolu Alade-Akinyemi as its new chief executive officer, to spearhead growth initiatives for the company. A statement made available said Alade-Akinyemi emerged the managing director after its board of directors accepted the resignation…
Milton Steel Manufacturing Company begins production in Anambra
Following the recent commissioning of Milton Steel Manufacturing Company by the Anambra State Governor, Prof. Chukwuma Soludo, production activities has begun at the complex in Awkuzu. Soludo described the multi-million-naira Milton Steel Manufacturing Company which will be producing steel rods…
NGX All-Share Index opens the week strong, gains 3.99%
Opening the week, the local bourse rebounded by 3.99% to settle at 58,163.55 points. Investor interest in telco heavyweights, AIRTELAFRI (+7.78%), MTNN (+3.60%), ZENITHBANK (+10.00%), GTCO (10.00%) and STANBIC (+9.33%) were the primary drivers of the overall market’s strong performance….
After hiking tariff in Nigeria, MultiChoice Africa returns to profitability
Few months after hiking tariffs in Nigeria on grounds of rising operational cost, leading continental entertainment giant, MultiChoice Africa Holdings has said it has achieved profitability to deepen its position as a leader in African entertainment. With the release of…
