All posts in: Business

    Okomu Oil, Conoil among worst equities as Nigeria’s capital market extends losing streak

    Investors in the Nigerian capital market lost N8.69 billion following the dip in the value of shares by 0.03% on Wednesday, Igbe...

    Headache for Nigeria as oil prices soar after EU ban cuts off Russia

    It is mixed blessing for the Nigerian economy as prices of crude oil further soared on Tuesday, 24 hours after the leaders of the European Union (EU) ...

    Naira crashes to new low as politics takes centre stage

    What could save the Naira now would be top on the list for the Central Bank of Nigeria (CBN) as it fell again to a new low at the Investors and Exporters (I&E)...

    Abbey Mortgage Bank records N2.17bn operating income

    Abbey Mortgage Bank posted N2.17 billion net operating income in 2021, IgbereTV reports However, this was a slight improvement in the company’s fortune after...

    Stock round-up: Airtel among top equities as investors splash N27.2bn on 1.8m shares in 5 days

    Investors traded 1.840 billion shares valued at N27.286 billion in 27,273 deals last week, IgbereTV reports However, ...

    After 2 days of gains, Naira depreciates, exchanges at 418.88 to a dollar

    After appreciating for two days, the Naira on Thursday fell in value against the US dollar by 0. 21 per cent at the Investors and Exporters windo...

    STOCK MARKET: Equity cap gains N301.85bn, despite losses in UAC, others

    Following a 1.06% jump in the Nigerian bourse’s total share value on Thursday, the market capitalisation increased by N301.85 billion, to N28.65 ...

    Nigerian stock market exits losing spree as market cap rises by N345.9bn

    The equity capitalisation of the Nigerian stock market closed at N28.35 trillion on Wednesday, after the bourse appreciated by 1.23%, IgbereTV rep...

    Nigeria, others need $432bn to fully recover from effects of COVID-19 – AfDB

    The African Development Bank (AfDB) on Wednesday predicted slow economic growth for the continent in 2022, IgbereTV reports The Natio...

    Investors lose N36.9bn as Nigeria’s capital market continues bearish run

    The Nigerian stock market extended its loss into this week with a -0.12 percent crash in equity capitalization on Monday, IgbereTV reports ...

    CBN dismisses report on planned replacement of Naira with eNaira

    The Central Bank of Nigeria (CBN) has dismissed report on planned replacement of Naira notes with the country’s digital currency, eNaira, IgbereTV repor...

    Young Orji Uzor Kalu Complains About His Delayed Recognition In 1987 (Throwback Photos)

    In 1987, 27-year-old Chief Orji Uzor Kalu complained that his age delayed him for getting recognized by Imo State citizens for his ...

    First Bank subsidiary acquires Access Bank’s pension business

    First Bank subsidiary, First Pension Custodian Nigeria Limited, has acquired Access Pension Fund Custodian Limited for an undisclosed amount, IgbereTV repo...

    Investors lose N83.2bn as Transcorp, Jaiz Bank drag Nigeria’s capital market down

    Investors at the Nigerian capital market lost N83.2 billion at the close of trading on Monday, IgbereTV reports Due to sell-off ...

    Naira to dollar exchange rate now N618/$1

    The poor performance of the Nigerian currency continued at the Black market segment of the foreign exchange (forex) market, IgbereTV reports On Monday morning, visits to ...

    US removes Chaka Technologies from list of unregistered firms

    The United States Securities and Exchange Commission (SEC) has removed Chaka Technologies from the list of unregistered entities offering securities to inves...

    Naira depreciates further, hits N608/$1 at black market

    Naira continued its depreciation against the US dollar on Monday as Nigerians were forced to pay for a dollar at N610 in Lagos, IgbereTV reports This was a ...

    Bitcoin, Dogecoin, other crypto investors lose $235.36bn: Where are funds going to?

    The cryptocurrency community continues to suffer heavy losses, as more cryproasset holders exit the market, plunging the total market v...

    Nigeria, 10 other ECOWAS countries in debt crises —Report

    Nigeria has been named in a new report alongside ten other countries within the Economic Community of West African States (ECOWAS) as having very serious debt ...

    Black market traders make millions as Naira falls to N606/$1

    Black market currency traders continue to profit from forex scarcity in the country as the gap between official and unofficial market exchange rates widen fur...

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