President Bola Tinubu has commended corporate Nigeria, market operators and investors for pushing the Nigerian Exchange (NGX) past the ₦100 trillion market capitalisation milestone. The President described the achievement as a source of inspiration for participants in the money and capital markets. He made the remarks in a statement issued on Thursday by his Special …
Presco Plc said its recent rights issue was 103 per cent subscribed, highlighting solid investor backing and confidence in the company’s strategic direction and growth outlook. A fully integrated edible oils and fats company, Presco, announced this in a statement on Wednesday, signed by its Secretary, Frederick Ichekwai. It stated that the Rights Issue attracting …
The Naira is expected to trade near ₦1,350/$ by 2026 as economic indicators strengthen, analysts at Cordros Securities have projected. They gave the forecast in a new report titled 'Nigeria in 2026: Building Momentum Beyond the Rebound'. The report provides reviews of macroeconomic trends and market dynamics. It states that the naira is likely to …
