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The Hive By Providus Bank Celebrates Creativity, Learning

The Hive By Providus Bank Celebrates Creativity, Learning

The Hive by ProvidusBank has emerged as a testament to the vibrancy and dynamism of Nigeria’s cultural landscape. A statement by the bank said the events, which brought together industry experts, creatives, and enthusiasts in…

NB: N600bn Rights Issue Aimed At Stabilising Operations

NB: N600bn Rights Issue Aimed At Stabilising Operations

Following Nigerian Breweries (NB) Plc’s recent notification to the Nigerian Exchange Group (NGX) of plan to raise N600 billion by way of Rights Issue, the management has said the capital injection is solely to clear…

All-share Index Snaps Losing Streak, Up 10bps

All-share Index Snaps Losing Streak, Up 10bps

Snapping eight consecutive sessions of losses, the domestic bourse posted a 0.10 per cent rebound to close at 99,908.89. Sell-off in GTCO (-2.85%), UBA (-1.09%), and INTBREW (-2.17%) were encumbered by buying interest in FBNH…

Planned Divestment Of Tourist Company Of Nigeria Shares Unveiled

Planned Divestment Of Tourist Company Of Nigeria Shares Unveiled

The investing public has been advised to take note of the proposed divestment of shares by a majority shareholder of Tourist Company of Nigeria Plc in pursuant to Rule 17, part II (ISSUER’S RULES) of…

S&P 500, Dow Set For Weekly Losses As Banks, Megacaps Fall

S&P 500, Dow Set For Weekly Losses As Banks, Megacaps Fall

The blue-chip Dow and the S&P 500 were on track for weekly losses on Friday after most mega cap growth stocks and chip makers retreated, while some big banks fell after reporting dour quarterly earnings.…

Nigeria’s Social Commerce Space To Grow By 38.3% To $1.56bn

Social commerce industry in Nigeria is expected to grow by 38.3 per cent on annual basis to reach $1.55 billion in 2024. According to a Res e a r c h A n d M…

Wall Street Rebounds On Softer Inflation Data, Eyes On Earnings

Wall Street Rebounds On Softer Inflation Data, Eyes On Earnings

U.S. stocks rebounded from a steep sell-off yesterday as fresh economic data rekindled hopes that inflation remains in a cooling trend. Interest rate-sensitive megacaps boosted the tech-heavy Nasdaq sharply higher, while the S&P 500 and…

FY’23: Zenith Bank Posts N2.13 trn Gross Earnings

FY’23: Zenith Bank Posts N2.13 trn Gross Earnings

Zenith Bank Plc has announced its audited results for the year ended December 31, 2023, achieving an impressive triple-digit growth of 125 per cent in gross earnings from N945.6 billion reported in 2022 to N2.132…

How Nigerian Exchange, Others Boosted Ethiopian Market With $26.6m

How Nigerian Exchange, Others Boosted Ethiopian Market With $26.6m

The Ethiopian Securities Exchange (ESX) has announced the successful closing of its capital-raising exercise, surpassing by more than two-fold the amount of funds it sought to start its operations. The list of investors that made…

US Stocks Sink, Yields Jump After Inflation Data Hits Rate-cut Hopes

US Stocks Sink, Yields Jump After Inflation Data Hits Rate-cut Hopes

US stocks stumbled on Wednesday after a key inflation report showed an unexpected uptick in consumer prices last month. The Dow Jones Industrial Average (^DJI) fell about 1.1 per cent, or almost 425 points. The…