Heavy losses suffered by many blue-chip companies, especially Airtel Africa and Seplat dragged market capitalisation of the Nigerian Exchange Limited (NGX) by N662 billion yesterday.
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The World Bank has decried the impact of consistent decline in capital formation in sub-Saharan Africa (SSA), noting that the value of the retained investment in Nigeria as of 2021 was three per cent short of what was recorded in 2014
5 mins ago
Nigeria’s rising inflation may have begun to take a toll on the value of dividends, coupled with apathy from stringent bureaucratic processes, therefore compelling over 420,000 shareholders of seven quoted companies to abandon their dividends in the past few years.
30 mins ago
Former Prime Minister of Britain, Boris Johnson, yesterday, said Nigerians should have the right to choose their leaders saying that development can only thrive in a democracy
31 mins ago
Co-founder, Jasper SME Hub, Emmanuel Olujobi, has said that Small and Medium-sized Enterprises (SMEs) are the catalyst to national and economic growth.