Equity market sheds N623bn amid portfolio rebalancing

Stock market investors lost N623bn last week as fund managers rebalanced their portfolios ahead of the first quarter results. The Nigerian capital market shed 1.08 per cent to 103,437.67 points, while the market capital dipped...

VFD Group lists over 63 million additional shares on NGX

VFD Group has listed an additional 63,342,455 ordinary shares of 50 kobo each per share on the Daily Official List of the Nigerian Exchange Limited. The NGX disclosed this in its weekly market report issued...

NGX Group, Others Acquire 75% Stake in Ethiopian Securities Exchange

NGX Group, Others Acquire 75% Stake in Ethiopian Securities Exchange Chigozie  Amadi Nigerian Exchange Group Plc (NGX Group), and other investors have acquired a 75 per cent stake in the Ethiopian Securities Exchange (ESX). NGX Group is among...

Farmers Predict Lower Food Prices, Availability on Strong Naira Performance

Chigozie  Amadi The All Farmers Association of Nigeria (AFAN) has predicted a bumper year for Nigeria in terms of food availability and prices. The National president, AFAN, Kabir Ibrahim, during a chat with THISDAY, hinged his...

Excess liquidity: CBN Raised N7.7tn via NTBs, OMO in Q1 2024

Chigozie  Amadi Following its drive to tackle excess liquidity in the banking sector, the Central Bank of Nigeria (CBN), raised a whooping N7.7 trillion from Nigerian Treasury Bill (NTBs) and Open Market Operation (OMO) in...

Afreximbank, Woodhall Capital Host Workshop on Supply Chain Finance

Afreximbank, Woodhall Capital Host Workshop on Supply Chain Finance Chigozie  Amadi Afreximbank and Woodhall Capital recently hosted a successful one-day workshop on Supply Chain Finance and Factoring in Nigeria. The event, which convened Corporates, Financial Institutions and...

‘FX Crisis Major Threat to Economic Development’

‘FX Crisis Major Threat to Economic Development’ Chigozie  Amadi An entrepreneur and Chairman AmuGold Global Network, Mr. Temitope Amujo has described the non-availability of forex as one of the major obstacles to the industrial and economic development of the country. He...

Parthian Partners Appoints Akintomide into Board

Parthian Partners Appoints Akintomide into Board   Chigozie  Amadi Parthian Partners, has announced the appointment of Ms. Cecilia Akintomide, to its board of directors. The firm in a statement noted that this strategic move underscores the company’s unwavering commitment to...

Chrystallis Conversations Empowers Women at Workshop

Chrystallis Conversations Empowers Women at Workshop Chigozie  Amadi   Chrystallis Conversations, a women-focused platform and community founded by renowned media and communications expert, Kemi Ogunleye, recently hosted the third edition of its Live series, “The Good Morning...

Enhancing Retirement Benefits through Voluntary Contributions in CPS

Enhancing Retirement Benefits through Voluntary Contributions in CPS Chigozie  Amadi Saving for retirement has become increasingly crucial as retirees have a plethora of needs during their retirement years. In Nigeria, the Contributory Pension Scheme (CPS) has...
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