Markets & Investing

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...
Markets & Investing

Explainer: What does U.S. approval of Bitcoin ETF mean for Nigeria?

Ini Ekott -
Global financial industry has been buzzing after the U.S. financial regulator officially endorsed bitcoin...
Markets & Investing

Profit-taking halts Nigerian stock eight-day gain

Plu Team -
After eight consecutive days of gains, Nigerian stocks tumbled 1.4% on Wednesday, with investors...
Markets & Investing

Nigerian stocks reach new heights as key sectors shine

Plu Team -
Nigerian stocks continued their upward trajectory for the second trading day of 2024, soaring...
Markets & Investing

Investors fear Nigeria inflation to get worse; opt for long-term bonds

Plu Team -
Investors have eagerly embraced Nigeria's longest-dated debt plan, offering to lend more than the...
Markets & Investing

Nigeria falls big on private capital. South Africa, Kenya, Egypt soar

Olawale Afolabi -
Private capital investment in Nigeria fell significantly in 2022, the same year competing African...
Markets & Investing

Risevest buys Chaka: Firms speak on how investors will be impacted

Plu Team -
Investment company, Risevest, which allows Nigerians invest in local and foreign securities using apps,...
Markets & Investing

FTSE Russell downgrades Nigeria prompting stock decline

Eric Ojo -
Nigerian stocks fell Monday after equities market index and benchmark provider FTSE Russell said...
In Focus

Naira trades below N810 on official market, weaker than black market

Plu Team -
Nigeria’s naira traded weaker on the official market than the black market on Thursday,...
Markets & Investing

Dangote Cement stock gains big as company set to begin buy-back

Plu Team -
Dangote Cement shares jumped the maximum 10% on Monday on the first trading day...
Markets & Investing

Forex reform prompts delay in stripping Nigeria of ‘frontier market’ status

Plu Team -
MSCI, the global equity index provider, says it will defer its plan to remove...
Crypto

Nigeria to allow asset-backed tokens, not crypto

Plu Team -
The Nigerian government says it is processing applications for digital exchanges that will allow...
Markets & Investing

Elumelu, Otedola fight for control of Transcorp

Jane Kalu -
The billionaires have each raised their stakes in the company in the last two weeks, with each trying to outmanoeuvre the other.
Markets & Investing

Dangote in talks to buy French football club

Plu Team -
Aliko Dangote, Nigerian billionaire and richest man in Africa, is in discussions to buy...
Markets & Investing

Nigeria Wealth Fund profit falls 33% in 2022

Plu Team -
The Nigeria Sovereign Investment Authority reported a sharp decline in profit for 2022 compared...
Markets & Investing

Scramble for Oando ‘payout’ as firm announces delisting

Plu Team -
Energy firm Oando Plc says it will cease to be a public company by...
Economy

Nigeria’s central bank raises interest rate on price pressure

Plu Team -
The Central Bank of Nigeria raised its benchmark lending rate by 50 basis points...
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