The Central Bank of Nigeria (CBN) has granted MTN the final approval to operate as Momo Payment Service Bank Limited (Momo PSB). This was disclosed in a press release titled “THE CENTRAL BANK...
What Is a Safe Haven?A safe haven is a type of investment that is expected to retain or increase in value during times of market turbulence. Investors seek out safe havens to limit their exposure to l...
International Breweries Plc has released its Audited Financial Statement for the fiscal year 2021, which shows a loss after tax of N17.66 billion, up from N16.06 billion in the previous year. Meanwh...
The Nigerian equities market slowed its positive trend in March, recording its first monthly loss in the first quarter as global macroeconomic concerns impacted the market's performance. For the mo...
The Nigerian Stock Market All Share Index ended March with a negative return of 0.91, reversing back-to-back advances in January and February. This is also the fifth year in a row that the stock m...
Union Homes Real Estate Investment Trust Plc has introduced a very last distribution charge of N1.91kobo according to each unit held for the financial year ended 31 December 2021. According...
The NGX closed on a negative note amidst sell-offs and buy-interest as the benchmark All-Share Index (ASI) depreciated as the benchmark All-Share Index (ASI) depreciated by 11 basis points. T...
The market capitalization of the top five banks, referred to as the Tier-1 banks or FUGAZ, depreciated by 4.20% to close at N2.57 trillion as of 25th of March, 2022, as investors in these banks lost...
Cadbury NIG PLC released its FY results for 2021 showing a profit of N449.71 million, depicting a 48% decrease from the previous year, despite revenue growing by 19.67%. The year under re...
Tesla stock Surges and causes Elon Musk’s net Wealth to reach $232billion Elon Musk, the CEO of Tesla and SpaceX, is still the wealthiest person on the planet. Tesla stock soared at the close of ...