Patrick Ajudua
19 Feb
PZ Cussons Nigeria's proposed $34.3 million debt-to-equity conversion at N23.6 per share has triggered mixed reactions among shareholders. While some view it as a necessary move to rescue the company from financial distress, others fear it could pave the way for a forced buyout and eventual delisting.
31 Dec
The oil and gas index has returned 170 per cent year-to-date (YTD) gain, positioning the sector as best performing among the five sectors on the country's bourse in the year.
25 Dec
The negative impact of the currency crisis on the stock market has continued to impact foreign investors’ apathy for stocks as participation from domestic investors accounts for 84 per cent of transactions at the Nigerian Exchange Limited (NGX) this year.
7 Jun 2024
The effect of naira devaluation, rising inflation and interest rate hikes has continued to take a huge toll on the performance of firms under the fast-moving consumer goods (FMCG), causing their financial cost to soar.
12 Mar 2024
As the crisis rocking Nigeria’s economy continues, retail investors, who are currently grappling with years of downturn and asset losses in the stock market, may forfeit their dividends in the next few years as listed companies battle
Latest
1 hour ago
There is unease among 72 appointees of the Executive Management of 12 River Basin Development Authorities over the inexplicable delay by the secretary to the government of the Federation to issue them their appointments letters in line with the directive of President Bola Ahmed Tinubu. The delay has created the enabling environment for a reign…
1 hour ago
The family of the detained leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu, has called for the sanction of the Chief Judges of the Federal High Court, Justice John Tsoho and Justice Binta Nyako, over alleged disobedience to court orders. The family said the flagrant disobedience of valid court orders by Justices Tsoho…
1 hour ago
The National Centre for Technology Management (NACETEM) is set to commence a three-day capacity-building workshop on system dynamics in Abuja on Wednesday, March 12, 2025. According to NACETEM’s Director General, Dr. Olushola Odusanya, the workshop, titled Capacity Building Programme on Systems Dynamics for Policy Researchers and Policy Makers, aims to equip participants with advanced analytical…
2 hours ago
The Okpanam community in Oshimili North Local Government Area of Delta State was thrown into mourning over the weekend following the gruesome killing of 19-year-old Isioma Nwayilan. The Guardian learned that the late Nwayilan, an auxiliary nursing apprentice, was accidentally hit by a bullet fired by a member of the Okpanam anti-cult group. According to…
2 hours ago
Former Senate President, Abubakar Bukola Saraki, on Sunday, slammed current Senate President Godswill Akpabio for what he described as an attempt to politicise and trivialise calls for a transparent investigation into allegations leveled against him by Senator Natasha Akpoti-Uduaghan. Saraki, in a statement signed by his spokesperson, Yusuph Olaniyonu, dismissed Akpabio’s claim that the calls…
3 hours ago
Chelsea boosted their bid to qualify for the Champions League as Marc Cucurella's rocket sealed a 1-0 win over Leicester, while Tottenham fought back from two goals down to draw 2-2 with Bournemouth on Sunday. Cucurella struck in the second half at Stamford Bridge to lift Chelsea above Manchester City into fourth in the Premier…
3 hours ago
Security operatives in Delta State have arrested a member of the Anti-Cult Unit, Philip Chukwuka, 33, for allegedly shooting and killing a 19-year-old girl, Isioma Nwayalani, in Okpanam, a town in Oshimili North Local Government Area, near Asaba. Intelligence sources told Zagazola Makama that the tragic incident was reported at 8:30 p.m. by the family…
3 hours ago
President Donald Trump declined in an interview aired Sunday to rule out the possibility that the United States might enter a recession this year. "I hate to predict things like that," he told a Fox News interviewer when asked directly about a possible recession in 2025. "There is a period of transition, because what we're…
3 hours ago
The Deputy Controller of the Nigerian Correctional Service (NCS), Owerri, Udoka Prince Chinaka, has called for external support toward enhancing the general welfare of inmates in the facility. He stressed the need for well-spirited individuals and organizations to continually partner with the government in efforts that would guarantee adequate welfare and a conducive environment for…
4 hours ago
Operatives of the Lagos State Police Command have successfully rescued three kidnapped individuals less than 24 hours after their abduction along the Lekki-Epe Expressway in Ibeju-Lekki. Intelligence sources told Zagazola Makama that the victims, Umezulike Joseph, Eze Theodorah, and Rosemary Ogwulu, were abducted on March 7, 2025. The sources said that upon receiving the distress…