Oliver Alawuba, the group managing director/chief executive officer of United Bank for Africa (UBA), says the bank has been strategic in financing critical projects across African countries for developmental purposes and other continents more broadly. He hinted at this while delivering a keynote speech at the UAE-Chad Trade & Investment Forum in Abu Dhabi, United …
The Nigerian stock market recorded a significant decline on Tuesday as investors lost approximately ₦4.65 trillion in a single day of trading, with only four stocks on the gainers' table, a sell pressure that has persisted in recent times. The All-Share Index, which tracks the general market movement of all listed stocks, dipped by 5.01 …
The Managing Director/Chief Executive Officer of Financial Derivatives Company Limited, Bismarck Rewane, has urged the federal government to either reduce the capital gains tax (CGT) to 10 per cent or defer the implementation date. The renowned economist said this on Channels Television's Business Morning programme on Tuesday, November 11, while sharing his thoughts on what …
Ellah Lakes Plc, an integrated agro-industrial enterprise, has opened a ₦235 billion public offer to unlock its next growth strategy. The company officially declared it opened during a Facts Behind the Offer Presentation at the Nigerian Exchange Limited (NGX) on Monday, November 10. Ellah Lakes said it is issuing 18.8 billion ordinary shares at ₦12.50 …
The Federal Government said it is targeting $75 million in two new investment funds under its Investment in Digital and Creative Enterprises (iDICE) programme to boost the Nigerian technology and creative sectors in 2026. It was said in a statement on Monday, November 10, by the Senior Special Assistant to the President on Media and …
Nigeria's currency came under renewed pressure in the just-concluded week as the naira lost ground against the dollar at the official window, despite sustained interventions by the Central Bank of Nigeria (CBN), aimed at stabilising the foreign exchange (FX) market. A review of market data for the first week of November reveals that the naira …
The Nigerian stock market ended the first week of November on a bearish note as profit-taking dominated trading sentiment amid domestic and external headwinds, leaving investors to suffer a ₦2.83 trillion loss. Trading activity started on Monday, November 3, on a bearish note, sustaining the momentum all through the week. As a result, the total …
Thomas Wyatt Nigeria Plc and Premier Paints Plc are among the bottom 10 stocks on the Nigerian stock market struggling to maintain compliance with the post-listing requirements on the Nigerian Exchange Limited (NGX), checks by Pinnacle Daily have shown. Analysts see this non-compliance with post-listing requirements as negatively affecting companies' overall performance and eroding investors' …
With the successful subscription of the $2.35 billion Eurobond issuance, which was oversubscribed by $10.65 billion, Nigeria's public debt is expected to rise by $34.63 billion on average, Pinnacle Daily can report. The nation’s Debt Management Office (DMO) on Wednesday, November 5, disclosed that Nigeria had returned to the international capital market to raise a …
Paradigm Initiative (PIN) has expressed worries that Tanzania’s election-period internet blackout and the continued suspension of X (formerly Twitter), which have cost the East African country over $238 million, are infringements on the citizens' digital rights. The digital rights advocacy group said in a statement on Wednesday, 5 November, stating that it remained concerned about …
