By Peter Egwuatu Nigeria Exchange Limited, NGX, has listed 20,706,894,542 ordinary shares of Nigerian Breweries, NB Plc. The NB disclosed this in a statement made available to Vanguard yesterday stating: “The Board of Directors of Nigerian Breweries Plc, Nigeria’s foremost brewing company, has announced the official listing of a newly allotted 20,706,894,542 ordinary shares on the […]

According to a census performed on behalf of the Federal Republic of Nigeria’s Office of the Vice President (OVP), the Nigerian Investment Promotion Commission (NIPC)

•As outflow surpasses inflow by 12.2%  By Peter Egwuatu There are indications that foreign investors’ participation in the Nigerian stock market has declined as foreign outflow surpassed the inflow by 12.2% Year to Date, November 2024. Vanguard’s analysis from the latest data released by the Nigerian Exchange Limited, NGX showed that foreign investors investment outflow YtD […]

Twenty-five days after she was arrested and detained for allegedly threatening the life of President Bola Tinubu’s son, Seyi, a Federal High Court sitting in Abuja, yesterday, granted bail to a social media activist, Ms. Olamide Thomas.

The presidential candidate of the Labour Party, LP, in the 2023 election, Mr Peter Obi, has raised the alarm that he, his family and those around him have been receiving threats over his New Year message on President Bola Tinubu.

By Peter Egwuatu The 13th President and Chairman of Council, Chartered Institute of Stockbrokers (CIS), Oluropo Dada, has stated that the stock market surpassed expectation in 2024 despite the headwinds. He stated this at the close of trading on the floor of the Nigerian Exchnage Limited, NGX, last Tuesday. He said: “The market is evolving and […]

•Focuses on AI, green initiatives By Cynthia Alo   The Tony Elumelu Foundation (TEF) has invited aspiring and existing entrepreneurs from across Africa to apply for its 2025 Entrepreneurship Programmes.   The Foundation in a statement said successful applicants will receive world-class training, expert mentoring, and non-refundable seed capital funding to scale their businesses.   According to TEF, three  […]

Output from the Organization of Petroleum Exporting Countries, OPEC fell by 120,000 barrels a day to 27.05 million a day, with the UAE accounting for most of the drop, according to a Bloomberg survey.  Modest gains in Libya and Nigeria were offset by similar-sized reductions in Iran and Kuwait. Led by Saudi Arabia, OPEC and its […]

By Godwin Oritse Despite Nigeria’s ongoing efforts to upgrade and increase investment in port infrastructure, the country’s ports have fallen to 183rd place out of 185 countries ranked globally. The ranking, based on the World Bank’s Trading Indicator, reflects the efficiency of ports and cross-border trade. This poor ranking is attributed to several persistent challenges, including […]

Shina Abubakar, Osogbo As the agitation for the All Progressives Congress, APC, in Osun State to zone its governorship ticket to the Osun-West senatorial district thickens, a group within the party has disclosed that the zone remains the party’s stronghold. Several groups within the state APC have been canvassing and zoning the ticket to the […]