…of Crime Act 2022. “For real estate we have estate managers. For virtual assets, we have stock market professionals. For a radio station we call broadcast experts,” he said. He said the EFCC had also begun disposing of assets that were depreciating under litigation and putting proceeds in escrow accounts pending court…

…than equities and other investments, potentially diverting funds away from the Nigerian stock market.For banks and businesses, aggressive liquidity tightening can also make naira funding more expensive.CBN keeps tightening the liquidity tapThe latest N4.72 trillion OMO absorption adds to the N7.18 trillion the CBN repo…

…those who signed the petition. The company is expected within weeks to make a public stock market listing that could eclipse SpaceX’s record Wall Street debut in June, which raised $86.2 billion. AFP

Investors in the Nigerian stock market recorded a cumulative loss of N5.45 trillion as the equities market extended its bearish run to an eighth consecutive session on Thursday. DAILY POST reports that equities listed on the Nigerian Exchange Limited, NGX, have continued to experience significant declines since Tuesday…

…cash flow and return on equity. The post How 24 firms control over 70% of Nigeria’s stock market appeared first on Vanguard News.

…Bola Ahmed Tinubu. Data from the NGX showed that from Tuesday to Friday, the Nigerian stock market continued its decline, shedding a total of N3.8 trillion. Accordingly, the NGX shed N2.932 trillion on Tuesday and Wednesday, N613 billion on Thursday and N257 billion on Friday. During Friday’s trading, data from the NGX…

…the increase as a source of wealth creation for millions of Nigerians who invest in the stock market. The report attributed the market rally partly to improved macroeconomic credibility, the recapitalisation of banks and a growing pool of domestic institutional investment. Nigeria’s external reserves also rose sharply…

…foreign exchange market reforms introduced in 2023 had positively impacted the country’s stock market. “One of these significant reforms was the unification of the foreign exchange market. “By establishing a single, market-determined exchange rate, the reform improved price discovery and enabled companies with substant…

…on net worth estimates from reputable wealth trackers. As these figures fluctuate with stock markets, private business valuations, and currency exchange rates, the rankings are based on publicly available data from sources including Forbes and the Bloomberg Billionaires Index.Members of Dubai's ruling family are exclud…

…(+7.89%)Transnational Corporation Plc (+7.55%)Profit-taking wipes N1.26tn from Nigerian stock market in one trading week Photo: NurphotoImagesTop losersAssociated Bus Company Plc led the laggards after shedding 18.44% to close at N5.75 from N7.05.Other major decliners were:Fortis Global Insurance Plc (-16.13%)Tripple G…

…bringing the company one step closer to what is expected to be Africa's largest stock market listing.SEC Director-General Emomotimi Agama confirmed the development saying the refinery's advisers are already working with company officials and the regulator to move the application forward. The SEC says it sees no regulat…

…"Nothing gained, nothing lost." He also observed that global oil prices declined while stock markets saw gains immediately following the suspension of attacks.For the first time in two weeks, military commanders were instructed to hold fire and refrain from executing planned strikes targeting Iranian assets along Iran'…

…comes ahead of a planned IPO expected as early as August, becoming Africa's largest stock market listingInvestor confidence remains strong, with billionaire Femi Otedola planning to invest $100 million in the refinery's public offeringFind it fast with our new search feature at Legit.ng! Legit.ng journalist Victor Enen…

…Standalone Market to a Frontier Market.The move comes as Bloomberg also ranked Nigeria's stock market as the world's best-performing equity market in dollar terms this year, ahead of South Korea.According to S&P DJI, Nigeria's inclusion on the watchlist reflects "improvements in the country's regulatory environment, tr…

…regulatory environment and market integrity. This is even as Bloomberg ranked Nigerian stock market as the world' best performing stocks, overtaking that of South Korea. The decision, announced in S&P DJI's annual Country Classification Watchlist, positions Nigeria among markets under formal review for a possible chang…

...S&P Dow Jones places market on watchlist for Frontier status The Nigerian stock market has rerouted into its explosive trajectory, surging to the forefront of global equity markets in dollar terms. While frontier and emerging markets are notoriously volatile, Nigeria's ability to outpace a heavy-hitting tech hub lik…

…vote it down in an emergency session. However, Yoon's move triggered protests, sent the stock market plunging and caught key allies like the United States off-guard. In a separate case, a court handed Yoon a 30-year prison sentence for sending drones into North Korea to "manufacture" a crisis ahead of his martial law b…

…vote it down in an emergency session. However, Yoon’s move triggered protests, sent the stock market plunging and caught key allies like the United States off-guard. In a separate case, a court handed Yoon a 30-year prison sentence for sending drones into North Korea to “manufacture” a crisis ahead of his martial law b…

…the decline reflected a shift in corporate financing from debt to equity as the Nigerian stock market strengthened. He said, "This means that Nigerian companies are likely to have relied more on equity if you compare the first quarter of 2026 with the first quarter of 2025. They would have relied more on debt in 2025,…

…minister said. He also advocated the transformation of the Mai'adua International Livestock Market which borders Niger Republic into a modern and digitally driven livestock exchange hub capable of attracting local and international investments. The minister expressed concern over the impact of multiple security checkpo…

…The first is profit-taking following an extraordinary rally that saw the Nigerian stock market gain more than 60% year-to-date at its peak. After months of strong price appreciation, particularly in stocks that delivered triple-digit returns, many investors appear to be locking in gains. The market is also contending w…

…emerging markets, including Nigeria, and move funds into US dollar assets. The Nigerian stock market remains substantially higher than at the start of the year despite these challenges supported by strong fundamentals and expected fiscal reforms like reduced corporate tax rates that could bolster market confidence in f…

…The company sold its shoe business for $43 million, raised another $100 million from the stock market, and now it's called Smartbird. Now Nadia Carlsten has to make it work. A former AWS executive with an engineering PhD, Carlsten most recently led the European compute company DCAI before she began yesterday as Smartbi…