Equity investors lose N700 billion, a day after MPC interest rate hike
Nigeria's stock market, the Nigerian Exchange Group (NGX), experienced a significant sell-off on Wednesday, with investors witnessing a 1.27% decline...
Nestle Nigeria reports N104 billion loss in 2023, shareholders funds wiped out
Nestle Nigeria Plc has reported a loss before tax of N104 billion for the year ended 2023 compared to a...
Nigeria’s FX reserve rose to $34 billion – Cardoso
Nigeria's forex reserves have risen to $34 billion according to the governor of Nigeria's central bank, Olayemi Cardoso.
Explainer: The 188MW Geometric Power Plant and its impact on Aba residents
The inauguration of the 188MW Geometric Power Plant in Aba, Abia State, marks a pivotal development, poised to significantly alter...
FMDQ Traders introduce cap bid/offer spread to N50 in new forex trading changes
The FMDQ where forex is traded officially has implemented a +/-5% band around the previous day NAFEX while also caping...
PZ Cussons warns Shareholders: Liquidation or Asset sale possible without delisting approval
PZ Cussons Nigeria Plc has issued a subtle warning to its shareholders regarding the potential dire consequences if the company's...
Top 10 Best Performing Nigerian Stocks at Christmas 2023
These stocks made the Nairametrics top ten table at Christmas for the most prestigious stocks on the NGX
Exchange rate falls to N847 in the official rate
The exchange rate between the naira and the dollar fell to N847/$1 on Tuesday.
Exchange rate opens week at N1,210/$1 on parallel market
The exchange rate between the naira and dollar opened the week at N1,200/$1 on P2P platforms on Monday as traders...
Geregu Power reports 42% rise in revenues, pre-tax profits also surge 25% to N17.4 billion
Nigeria's leading power-generating company, Geregu Power reported a 42% surge in revenues in the first 9 months of 2023, despite...
