Companies & Markets

Nigerian Stocks Dip as ASI Falls 0.30%, Despite Gains in Volume and Value

Nigerian Stocks Dip as ASI Falls 0.30%, Despite Gains in Volume and Value

The Nigerian Exchange (NGX) ended Tuesday, June 17, 2025, in negative territory, with the All Share Index (ASI) declining by… Read More

2 months ago

Dangote’s Free Fuel Delivery and Credit Scheme Sparks Job Loss Fears Among Depot Owners

Dangote Petroleum Refinery’s bold move to launch direct nationwide distribution of petrol and diesel is set to reshape Nigeria’s downstream… Read More

2 months ago

IEA Slashes 2025 Global Oil Demand Growth Forecast by 21,000 bpd in its June Report

The International Energy Agency (IEA) has revised its 2025 global oil demand growth forecast downward by 21,000 barrels per day… Read More

2 months ago

FCMB Reassures Shareholders Following CBN Directive on Regulatory Forbearance

First City Monument Bank (FCMB) has responded to the recent directive from the Central Bank of Nigeria (CBN) on enhanced… Read More

2 months ago

Tunde Olanrewaju, McKinsey Europe Head, Awarded CBE in King’s Birthday Honours for Inclusive Business Leadership

Tunde Olanrewaju, Head of McKinsey & Company Europe, has been awarded a CBE (Commander of the Order of the British… Read More

2 months ago

Nigerian Stocks Drop as Banks Lead Losses; NIBOR Spikes Across Board

The Nigerian Exchange (NGX) closed lower on Monday as jittery investors reacted to tightening liquidity conditions in the banking sector,… Read More

2 months ago

Nigerian Bank Stocks Plunge as CBN’s Forbearance Phases Out, Halts Dividends to Bolster Reserves

Nigerian bank stocks plummeted on June 16, 2025, following a Central Bank of Nigeria (CBN) directive barring certain banks from… Read More

2 months ago

How Trump’s Remittance Tax Could Disrupt Nigeria’s Financial Sector

President Donald Trump’s proposed 3.5% remittance tax, embedded in the ambitious One Big Beautiful Bill, is set to reshape the… Read More

2 months ago

Chemical and Allied Products PLC Appoints Oladele Ajayi as Non-Executive Director

Chemical and Allied Products PLC (CAP PLC), a licensee of AkzoNobel for Nigeria and a subsidiary of UAC of Nigeria… Read More

2 months ago

Top Five Nigerian Stocks to Own in 2025

The Nigerian stock market is currently showing signs of modest recovery, with bullish momentum building on upbeat sectoral performance and… Read More

2 months ago