Nigeria’s latest treasury bills auction, conducted on 19 February 2025, saw total subscriptions hit N2.41 trillion, reflecting sustained investor interest across the three tenors on offer. This marked a decline from the N3.22 trillion recorded in the previous auction held on 5 February 2025. This is according to the auction results seen by The PUNCH on Thursday. The Central Bank …

The Federal Government (FG) has stated that Nigeria is open for investment even as it urged investors to take advantage of the opportunities in the nation’s mining and energy sectors. In a statement obtained from the Director, Information and Public Relations, Federal Ministry of Finance, Mohammed Manga’s X handle on Saturday after the Minister of State for Finance, Dr.Doris Uzoka-Anite …

The stock market closed the first week of the year 2025 on a positive note, driven by gains in BUA Goods, MTN Nigeria, and WAPCO among others, with investors gaining over N1.253 trillion. The Nigerian Exchange, NGX market capitalisation, which represents total value of investment on the Exchange closed on Friday at N63.165 trillion from N61.912 trillion the previous week. …

Governor Babajide Sanwo-Olu, has said the steady progress and successes of the state’s two metro lines is enough to elicit interest of global investors in looking towards the state and partnering with the government in the development of the proposed Purple Rail Line project. The State had last year commenced operation on the first phase of the fully electrified Blue …

The stock market, on Thursday, reversed some gains from its previous sessions, indicating a loss of N267 billion from the portfolios of investors. Selloffs in MTN Nigeria, Oando Plc, United Bank For Africa (UBA), Fidelity Bank, FCMB Group, alongside Cadbury and United Capital, amongst other declined stocks, drove the market to a negative terrain. Specifically, the market capitalisation closed at …

The domestic bourse, on Thursday, rebounded with N178 billion profit, following gains from Tier-one banks, as well as some large and medium capitalised stocks. Investors’ renewed interest in Guaranty Trust Holding Company (GTCO), FBN Holdings, Access Corporation, Nestle, Transnational Corporation and Oando Plc, among other advanced equities drove the market up. The market capitalisation, having opened at N55.576 trillion, added …

Fidelity Bank Plc has recorded an average annual profit growth of 64 per cent over the past three years, underlining its resilience as one of Nigeria’s fastest-growing companies. The bank has also seen rapid expansion in customer base and assets as its total balance sheet size leapt from N2.1 trillion to N6.2 trillion, the sixth largest in the Nigerian banking …

Fidelity Bank Plc started its N127.1 billion combined rights and public offers to a rousing support from the investing public as key capital market stakeholders recalled the symbolic importance of Fidelity Banks impressive growths and investor-friendly disposition over the years. From the Nigerian Exchange (NGX) to stockbrokers, investors and customers; the N127.1 billion combined rights and public offer received unreserved …

The Federal Government, on Tuesday, offered 12 oil blocks and five deep offshore assets for sale as it marketed the assets to global oil sector investors at the ongoing 2024 Offshore Technology Conference in Houston, United States. Speaking at the African Oil Industry Opportunities Session, a side event at the 2024 Offshore Technology Conference, the Chief Executive of Nigerian Upstream …

The Nigeria stock market closed negative in the trading week ended Friday, 12 April, declining by 1.09 per cent. Investors booked about N638 billion loss in the review trading week. In the review week, a remarkable decline in banking, insurance, consumer goods stocks helped push the market southward in the market which traded for only two days due to the …