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South African Insurance group Sanlam becomes the only shareholder in the Nigerian life insurance company FBN Insurance and its subsidiary FBN General Insurance. The acquisition follows a deal signed between FBN Holding (parent company of FBN Insurance and FBN General Insurance) and Sanlam which...

The naira appreciated to N385.50 at the Investors and Exporters (I&E) window on Monday, June 1, 2020, as the Central Bank of Nigeria’s intervention in the foreign exchange market intensifies. The demand pressure on the foreign exchange market by currency speculators also seems to be on a decrease.

Bitcoin price rose to $10,250, due to the tension in America over black human right. the Chief Investment Officer at Orthogonal Trading, Joshua Green, simply said, “ETH broke out already, BTC now having its turn… The macro and fundamental scenario is very bullish, and the market has been...

The awards, which was published in the May 2020 edition of the Global Finance Magazine, was based on the performances of the banks in their respective regions and countries over the period from January 1 to December 31, 2019.

Hedge funds, institutional investors rush to own stakes in Bitcoin, With global economic uncertainty gradually becoming a daily norm, institutional and hedge funds around the world have been rushing to have a stake in crypto assets which all have been outperforming other financial assets in 2020).

So market analyst feel we would still have the effect of covid 19 in the stocks this week, what do you think?

Volkswagen AG is investing €1 billion ($1.11 billion) in a Chinese auto maker and a further €1.1 billion in a local battery producer, in the German car maker’s latest bet on the Chinese electric-vehicle sector.

new vehicle sales to be slightly less than 1.1 million vehicles in May, down about 32% to 33% compared with May 2019 New vehicle sales in the U.S. are slowly recovering this month from their historic collapse in April due to the coronavirus pandemic. But they are still expected to be...

Guinness Nigeria has suffered some loss in its profit sheet with a drop from N101.4bn in 9M 2019 to N96.0bn. The decline in revenue was driven by a confluence of several factors. Guinness remains the most affected brewer from the change in excise duty calculation. The company’s portfolio...

Electroneum, the British based blockchain, will be launching an in-app electricity top-up feature across four African countries to support digital payment projects for electricity in Nigeria, Senegal, Mali, and The Gambia. This will increase the value of the currency in no time as this is an...

Due to limited forex made available by CBN, the price of $1 to naira rose from N460 to N462. With the prolonged limited FX supply to the market, investors and corporates unable to get dollars at the I & E windows will result in the parallel market. As more shortage of FX supply is prolonged and...

The price of gold has fallen by 1.67% in the past two days. its on record that during the lock down, investors move to protect their interest with the commodity due to unsertinty of the stock market a currencies, but due to the ease of lockdown all over the world and the hope of covid-19...

Facebook is ready to go to war with the leading Tech's like zoom and houseparty on videoconferencing business, this time Facebook is going in all hard as people can use the service without owning a Facebook account (i think this is due to the companies privacy issues over the years).With the...

Nigeria stock exchange has taken a huge chunk from firms in fines between 2018 and 2020, this boosted its revenue with N150 million from fines imposed on listed companies across the banking, manufacturing, and insurance sectors, among others. The reason for the fines were avoidable cases like...

Ekiti state is set to spend N5 Billion on digital hub, with the laying of a 606-kilometer broadband infrastructure. According to the Managing Director of O’odua Infraco Resources Limited, Mr Sammy Adigun, the project will be officially flagged off in October and completed within 14 months. The...

MTNN is well-positioned for the long term, with its unmatched investments in its infrastructure – most expansive 2G, 3G, and 4G network, largest fibre network (c. 29,000km) that spans across Nigeria, largest physical and digital distribution platform, and wide range of spectrum holdings – and...

In Nigeria bars today, Guinness doesn't come on top demanded beverage, due to huge competition the brand faces with the creation of new beverages by competitors. The effect of costomers choice and covid-19 has made a dent in the financial report released by the premium brand. According to the...

the dangote group Q1 report showed that the business giant made an impressive profit of N60B in Nigeria; but the case is completely different in other African countries. Dangote group records a huge loss of N48B in it's pan African operations.

Google has agreed to stop making AI tech for oil companies like shell, exon mobile, BP and the rest which aid them in discovery and recovery of oil produce around the world at the cost of the earth atmosphere. This will spark up an new wave of technology development that would aid the oil and...

Since last week we have seen NSE listed firms annual accounts, which do you think will come among the top te. Profit makers of 2019 that will make their share holders smile home. As for me my first is Dangote group.