MTN and Airtel suffer losses from their FX exposures
The operations of MTN Nigeria and Airtel Africa have been severely impacted by the country's foreign exchange (forex) volatility, as ...
Tag: Business
Europe Election Aftermath: EURO Weakens As Macron Calls Legislative Election
In the wake of the European Parliament elections, the euro has fallen to its lowest point in a month, following ...
Fidelity Wins ETF Revenue-Sharing Deals Amid Industry Shift
Fidelity Investments has secured revenue-sharing agreements with multiple exchange-traded fund (ETF) managers, following its controversial fee policy announcement. This move ...
Dangote and others lead equities to a N13.3 trillion gain
The All Share Index (ASI), the value-based common index that tracks all NGX share prices, rose to 99,300.38 basis points ...
Fidelity Bank Shares Experience Significant Decline Amidst Plans for Fresh Equity
Lagos, Nigeria - Fidelity Bank Plc's shares suffered a significant decline of 9.7% to ₦9.75 in Lagos trading, following the ...
India’s Market Meltdown: Modi’s Underwhelming Win Sparks Investor Panic
Oh, the drama! As I watched the market plummet, I couldn't help but feel a sense of déjà vu. Haven't ...
Dangote Industries Limited Projected to Exceed $30 Billion by End of 2024
Lagos, Nigeria - Dangote Industries Limited (DIL), the conglomerate founded by African business magnate Aliko Dangote, is poised to surpass ...
Huggies Says Goodbye to Nigeria: Kimberly-Clark Corporation Shuts Down Operations
Kimberly-Clark Corporation, the American multinational personal care company, has announced the closure of its Nigerian operations, effective immediately. The decision ...
Spotify Stock Surges as Company Announces US Price Hikes
Spotify's stock price soared as much as 4% in early trading on Monday following the company's announcement of its latest ...
OPEC+ Extends Production Cuts in Uncertain Market
The world's most powerful oil producers, the OPEC+ alliance, made a surprising move on Sunday. They decided to extend production ...
Elon Musk: The Controversial CEO Who Just Can’t Seem To Stay Out Of Trouble
There's no denying that Elon Musk is a genius. He's viewed as a brilliant entrepreneur, a modern-day Leonardo da Vinci ...
Bond Market Sees Best Month In 2024 As Inflation Fears Subside
The global bond market is poised to experience its best month in 2024, buoyed by a decline in inflation concerns ...
Sony’s Billion-Dollar Bet: Can They Rock Queen’s Iconic Music Catalog?
Queen's music catalog is the holy grail of rock 'n' roll, and Sony Music is willing to bet the farm ...
Tomato Troubles: Infestation Drives Prices Sky-High
Senator Abubakar Kyari, the Minister of Agriculture and Food Security, revealed that a surge in tomato prices is due to ...
The CEO Pay Revolution: How Elon Musk’s $56 Billion Deal Sparked a Compensation Boom
Elon Musk's record-breaking $56 billion compensation package may have been nullified by a Delaware judge, but its impact on CEO ...
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