Risevest buys Chaka: Firms speak on how investors will be impacted
Investment company, Risevest, which allows Nigerians invest in local and foreign securities using apps, has acquired its competitor, Chaka, for an undisclosed amount.
The companies...
FTSE Russell downgrades Nigeria prompting stock decline
Nigerian stocks fell Monday after equities market index and benchmark provider FTSE Russell said it downgraded Nigerian equities from “frontier market” to “unclassified market”,...
Naira trades below N810 on official market, weaker than black market
Nigeria’s naira traded weaker on the official market than the black market on Thursday, with the official I&E rate falling to 812 to a...
Dangote Cement stock gains big as company set to begin buy-back
Dangote Cement shares jumped the maximum 10% on Monday on the first trading day after the company said its latest share buy-back programme will...
Forex reform prompts delay in stripping Nigeria of ‘frontier market’ status
MSCI, the global equity index provider, says it will defer its plan to remove Nigeria from its list of frontier markets, to allow a...