Chain Reactions Africa wins ‘Edge Outstanding PR Agency of the Year’ at 2024 awards
| As its MD clinches the ‘Edge Grand Prix In PR’ award Chain Reactions Africa (CRA), one of Africa’s leading Public Relations and Integrated Communications Consultancies, has further consolidated its…
Hope for lower cement price dims as a bag sells for ₦270,000 in neighbouring countries
The combined impact of Naira depreciation and high inflation pressure has triggered a 121 per cent rise in the production cost of cement, dimming Nigerians’ hope for lower cement prices.…
How we built Nigeria’s second largest food chain – Sundry Foods boss
At the backdrop of its 20th anniversary the Managing Director and Founder of Sundry Foods Limited, Mr. Ebele Enunwa, has reeled out the tough road to the making of one…
Global stocks rebound after historic plunge
Most equities rallied Tuesday after the previous day’s global rout fuelled by US recession fears that have led to calls for the Federal Reserve to cut interest rates before its…
Global market decline hits Nigerian stocks as traders lose ₦93bn
The Nigerian Equity Market experienced a downturn on the first trading day of the week on Monday mirroring the broader global market decline. This decline resulted in a N93bn loss…
CBN to commence FX Dutch auction system wednesday following rise in dollar demand
The Central Bank of Nigeria (CBN) says it will commence a Retail Dutch Auction System to address foreign exchange fluctuations in the country’s forex market. The apex bank disclosed this…
Pan African Towers appoints Jyoti Desai, Vivek Gupta non-executive directors
Lagos, Nigeria; August 1, 2024: Pan African Towers (PAT) Ltd, Nigeria’s leading provider of digital infrastructure has announced the appointment of Jyoti Desai and Vivek Gupta as Non-Executive Directors, with…
Guinness debunks Nigeria exit speculations
Guinness Nigeria Plc has debunked insinuations that it is exiting the Nigerian market following the sale of the majority shareholding by Diageo, a British multinational alcoholic beverage company. In a…
Foreign portfolio investors rush back to Nigeria, as market share rises to 28-month high
The Central Bank of Nigeria (CBN) monetary policies may have whetted the appetite of Foreign Portfolio Investors, FPIs, as fresh inflows amounting to N120.8 billion came into the market in…
Binance to leave Nigerian market, ends services in local currency
Cryptocurrency giant, Binance will discontinue all services for Nigeria’s fiat currency, the naira, amid an ongoing regulatory conflict in the country. The crypto exchange will automatically convert naira balances to…