Markets & Investing

Markets & Investing

Analysis | Why is Nigeria’s stock market booming while the economy isn’t?

Olawale Afolabi -
Nigeria’s stock market is defying the country’s economic struggles. In the face of inflation,...
Banks

GTCO targets international investors with direct London listing

Plu Team -
Guaranty Trust Holding Co. Plc (GTCO), the parent company of Nigeria’s GTBank, plans to...
Banks

Losses mount for Nigerian bank stocks after new CBN directive

Olawale Afolabi -
Nigerian bank stocks continued to fall on Tuesday as investors reacted to a new...
Markets & Investing

Stocks slide, oil prices rise as Israel attacks Iran’s nuclear sites, kills military leaders

Olawale Afolabi -
Global financial markets were thrown into turmoil on Friday after Israel launched major military...
Markets & Investing

Stockbroking firm Morgan Capital increases fee for first time in seven years

Plu Team -
Morgan Capital, one of Nigeria’s most popular online stockbrokers, has announced an increase in...
Markets & Investing

Nigeria’s Sovereign Wealth Fund profit surges 59% amid asset gains

Plu Team -
The Nigeria Sovereign Investment Authority (NSIA) has reported a 59% surge in total comprehensive...
Markets & Investing

Nigeria cuts savings bond rates to lowest in a year

Eric Ojo -
The federal government has lowered interest rates on its March 2025 savings bond, marking...
Markets & Investing

Market Extra: Geregu shares earn Otedola’s brother ₦3bn profit in two years

Plu Team -
Olurotimi Otedola, brother to Nigerian billionaire and business mogul Femi Otedola, has cashed in...
Markets & Investing

GTBank co-founder Fola Adeola sells N10.9 billion Aradel shares

Plu Team -
Fola Adeola, co-founder of Guaranty Trust Bank (GTBank), has divested part of his equity...
Markets & Investing

GTCO looks overseas after missing N400 billion capital target in Nigeria

Plu Team -
Guaranty Trust Holding Company (GTCO), the parent of Guaranty Trust Bank (GTB), says it...
Markets & Investing

FCMB Group says share offer oversubscribed 33%

Plu Team -
FCMB Group Plc, which owns FCMB bank, has announced the successful completion of its...
Markets & Investing

Oando shares hit three-month low amid profit decline, auditor warning

Olawale Afolabi -
Oando PLC’s stock price has fallen to its lowest in three months, trading at...
Markets & Investing

Global wealth soared to $477 trillion in 2023 on stock market boom

Plu Team -
Global net wealth staged a significant recovery of 4.3% in 2023, after a difficult...
Markets & Investing

Recapitalization: UBA offers shareholders over 17% yield to reinvest dividends

Eric Ojo -
United Bank for Africa Plc (UBA) is offering its shareholders a lucrative opportunity to...
Markets & Investing

Weekly Nigerian market performance (May 3, 2024)

Olawale Afolabi -
This week offered a dynamic picture for Nigerian investors, with contrasting performances across equities,...
Markets & Investing

Investment opportunity: Earn 18% interest lending to Nigerian govt

Plu Team -
The Nigerian government is offering citizens a chance to lend them money and earn...
Markets & Investing

Otedola trims Geregu stake, cashes out N15.97 billion

Plu Team -
Nigerian billionaire Femi Otedola has further trimmed his stake in Geregu Power Plc., selling...
Markets & Investing

Sports betting in U.S. to balloon to $45 billion business: Goldman Sachs

Plu Team -
The U.S. sports betting industry has explosively grown into a $10 billion behemoth, fuelled...
Markets & Investing

Nigerian stocks surpass 100,000 as investors hedge against inflation

Anietie Umoren -
The Nigerian stock market reached a new peak on Wednesday, with the All-Share Index...
Markets & Investing

Dangote Cement shares jump big on Otedola investment

Plu Team -
Femi Otedola has explained his "significant investment" in Dangote Cement which has helped drive...
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