Financial Intelligence and Business Magazine in Nigeria

Global foreign direct investment (FDI) announcements reached their highest level for more than a year in September, as companies serving growing demand for connectivity and technology outlined major expansion plans, while oil and gas investment also made a comeback as energy shortages reveal the need of new capital expenditure (capex) across the energy matrix. The […]

This week, the bullish trend in the domestic equities market was extended as the NSE All-Share Index rose 1.1% w/w to settle at 39,156.28 points while YTD loss moderated to -2.8%. The positive performance was driven by bargain hunting in notable bellwether stocks – DANGCEM, WAPCO, STANBIC and SEPLAT. As a result, market capitalisation rose […]

Price appreciation in ZENITH (+3.6%), GUARANTY (+2.6%) and WAPCO (+2.2%) buoyed market performance as the All-Share index rose 29bps to close at 39,312.74 points. Consequently, YTD loss improved to -2.4% while market capitalisation rose ₦59.4bn to ₦20.5tn. Trading activity improved as volume and value traded rose 35.7% and 11.1% to 324.2m units and ₦3.3bn respectively. […]

Volaris Group has announced the successful completion of the purchase of SSP Limited. Based in Solihull, United Kingdom, the 700 person company provides core policy, billing, and claims software to leading insurers such as Direct Line Group and leading insurance brokerages such as One Call. At £70m revenues, SSP exemplifies our ability to acquire larger […]