09
SepFBN Holdings Plc divests from FBNQuest Merchant Bank Limited
FBN Holdings Plc, the parent company of First Bank Nigeria, has announced its intention to divest its 100% equity stake in FBNQuest Merchant Limited. This strategic move aligns with the company’s broader goal of optimizing its portfolio. After a competitive bidding process, EverQuest Acquisition LLP (comprised of Custodian Investments Plc, […]
09
SepStock market returns -0.15% WtD on profit taking, sheds N84bn
Trading on the Nigerian Exchange concluded last week on a bearish note, with 46 stocks experiencing declines due to profit-taking activities. The All-Share Index and Market Capitalization recorded slight decreases, closing at 96,433.53 points and N55.394 trillion, respectively. A total of 2.14 billion units of shares were traded in 55,598[…]
06
SepApproval of cryptocurrency exchanges will boost youth participation in capital market- SEC DG
The Director-General of the Securities and Exchange Commission (SEC), Emomotimi Agama, has stated that the recent approval-in-principle granted to two cryptocurrency exchanges will significantly boost youth engagement in Nigeria’s capital market. According to Agama, the approvals given to Busha Digital Limited and Quidax Technologies Limited align with President Bola Tinubu’s[…]
06
SepForex rate to determine price of Dangote petrol- NNPC
The Nigerian National Petroleum Company Limited (NNPC) has clarified that the cost of petrol from the Dangote Refinery will be influenced by foreign exchange rates and market dynamics. This announcement comes in the context of the deregulated fuel market in Nigeria. NNPC is scheduled to commence the supply of petrol[…]
