6 Mar 2020
Actis, a leading investor of private capital into global emerging markets announced it has acquired a majority stake in Rack Centre, Nigeria’s leading provider of data centre colocation and cloud services.
6 mins ago
The Institute of Loss Adjusters of Nigeria (ILAN) has called on industry stakeholders to practise sustainable insurance, saying that this is the future of the risk business in the country.
14 mins ago
The Nigerian Exchange Limited (NGX) has announced that the proposed launch of non-depository receipts (NDR) will give investors access to financial instruments listed on offshore exchanges and deepen the market.
20 mins ago
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.
20 mins ago
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
24 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.