Nigerian stocks continued their upward trajectory last week as the benchmark index expanded by 2.3 per cent, taking the year-to-date yield of the market to 60.9 per cent. Industrial goods stocks were the main driver. “Investors are expected to continue…

Chivita, a trusted fruit juice brand in Nigeria, has said that it is reinforcing its commitment to healthier living, wellness, and purposeful innovation across its product range, including Chivita Fruit Juice, Chivita Active, Chivita Happy Hour, Chivita Ice Tea, and…

The US Senate’s crypto market structure bill could take until August to pass and risks not advancing at all if lawmakers cannot pass it before the midterms, said Greg Cipolaro, head of research at financial services firm NYDIG.Patrick Witt, a…

In a recent interview with Reuters, Oando’s Group Chief Executive, Wale Tinubu, set out more than a financing strategy, outlining a structural shift in how Africa must think about funding its future. As Oando advances plans to raise about $750m…

Crypto analysts are divided over whether markets will see a major Bitcoin sell-off in May, a pattern that has emerged in the last two bear markets during US mid-term election years. In May 2018, Bitcoin crashed from nearly $10,000 to about…

Coronation Asset Management has launched the Coronation Equity Fund, an open-ended collective investment scheme designed to give investors exposure to the long-term growth potential of the Nigerian equities market. A statement from the firm stated that the launch comes after…

The decision to clear over $7bn in unsettled foreign exchange obligations has boosted investor confidence, as rising diaspora remittances, portfolio investments, and non-oil export earnings have strengthened reserves and accelerated recovery in Nigeria’s foreign exchange market, JIDE AJIA writes The…

Asset managers Grayscale and VanEck filed amended S-1 registration statements for their respective spot BNB exchange-traded funds on Friday, bringing the cryptocurrency one step closer to becoming an approved US crypto ETF. Grayscale filed its second amendment, while VanEck submitted its…

With the July 31 deadline firmly in place, several insurance companies are intensifying efforts to raise fresh capital through rights issues, private placements, mergers, and acquisitions in a bid to avoid regulatory sanctions and possible licence withdrawal, reports JIDE AJIA…

The Director-General of the Niger Chamber of Commerce, Industry, Mines and Agriculture, Adamu Salihu, has described the Dangote Group as a transformative force in Africa’s economic renaissance, saying the conglomerate is “not only industrialising Nigeria, but indeed the whole of…

The Nigerian Aviation Handling Company Plc has recorded a profit before tax of N24.28bn for the 2025 financial year, while signalling interest in the Federal Government’s planned concession of major airport terminals across the country. The company disclosed this at…

The Federal Executive Council has approved the Smart National Transport Databank Project of the Nigerian Institute of Transport Technology, Zaria, in what the institute described as a major step toward modernising Nigeria’s transport system. According to a statement issued by…

Bernstein analysts said Friday that Figure Technology Solutions’ first-quarter earnings report shows that the fintech is fast becoming a company that is unique among blockchain marketplaces.Figure’s May 11 earnings report soundly beat Wall Street estimates on both revenue and EBITDA,…

Kabiru Umar, also known as Kabiru Sokoto, who was convicted over the 2011 Christmas Day bombing linked to Boko Haram, has earned a Biology degree while serving his prison sentence, his lawyers said in one of the documents shared with…

Strategy chairman Michael Saylor on Sunday signaled the Bitcoin treasury company would be buying more of the cryptocurrency in the week ahead while also encouraging retailer shareholders to vote on a proxy measure enabling semi-monthly dividend payouts on the company’s…