Uber priced its initial public offering on Thursday at the low end of its targeted range for a valuation of $82.4 billion, hoping its conservative approach will spare it the trading plunge suffered by rival Lyft.
Vice President Yemi Osinbajo says the Federal Government will welcome collaboration with the Nigerian Stock Exchange (NSE) in key aspects of the economy including the Ease of Doing Business and privatisation of public enterprises, among others.
Uber is set for its Wall Street debut Friday with a massive share offering that is a milestone for the ride-hailing industry and the so-called “sharing economy,” but which comes with simmering concerns about its business model.
The All-Share Index of the Nigerian Stock Exchange (NSE) sustained positive growth for the second consecutive day, growing by 0.14 per cent.
The capital market has continued to record high incidence of unclaimed dividends due to the provision of inadequate proof of ownership of shares by investors, the acting Director General of the Securities and Exchange Commission (SEC), Mary Uduk, has said.
The Nigerian equities market yesterday shed 1.22 per cent, causing market capitalisation to dip below the N11 trillion mark on sustained profit taking.
The Nigerian equities market commenced trading for the week on Monday still on a bearish trend with the market indicators dropping by 0.74 per cent.
Acting Director-General of the Securities and Exchange Commission (SEC), Ms. Mary Uduk at the weekend assured that the 10-year developmental master plan of the commission will be reviewed and tailored to totally align with the current economic realities.
Tesla Chief Executive Elon Musk has reached a deal with the U.S. Securities and Exchange Commission to settle a dispute over Musk’s use of Twitter, according to a court filing on Friday.
Dangote Flour Mills, in a notice to the Nigerian Stock Exchange (NSE), said that the total consideration offered by Olam to acquire its five billion shares was N130 billion.
The panel set up to investigate Mounir Gwarzo, suspended Director General of the Securities and Exchange Commission (SEC), has recommended his dismissal.
Suspended Director General of Securities and Exchange Commission (SEC), Mounir Gwarzo, reportedly awarded contracts to a company in which he is a director to the tune of N33 million while in office.
Shares in Italian club Juventus fell more than 17 percent in early trading on Wednesday after Cristiano Ronaldo’s side were knocked out of the Champions League quarter-finals by Ajax.
Chams Plc led the price gainers with 10 per cent following investors sustained their high demand for the stock after it recovered from a loss in 2017 to profit last year.
Airbus Chief Salesman Christian Scherer said in Le Bourget, France, that with the new jet, one could fly from north-eastern Asia into south Asia; from the Middle East to Bali or from Japan deep into Australia.
An FCT High Court, in Maitama, on Monday, rejected uncertified documents sought to be tendered by the Economic and Financial Crime Commission (EFCC) in the trial of ex- Secretary to the Government of the Federation (SGF), Mr Babachir Lawal.
Governor Adegboyega Oyetola, his party, the All Progressives Congress (APC) and the Independent National Electoral Commission (INEC) have urged the Supreme Court to dismiss the four appeals filed the candidate of the Peoples Democratic Party (PDP) in the last governorship election in Osun State, Senator Ademola Adeleke.
Umaru Ebeyan, Nasarawa State Chairman of National Parents Teachers Association of Nigeria (NAPTAN), has called for the introduction of the association in all tertiary institutions in the country.
Only a few companies are making the 5G cell tower hardware that will connect billions of devices to next-generation cellular networks, so when one of them issues a major software update, it can impact a huge number of people.
President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to blacklist any firm, its owner and top executives caught smuggling any of the 43 items ineligible for foreign exchange (forex).
Former Imo State Governor, Owelle Rochas Okorocha was on Thursday sworn in as Senator representing Imo West Senatorial District.
The Cross River State Police command has paraded Pastor Hossana Okoi of Gate of Testimony Church Sierra Leone for allegedly raping a lady.
Kwara State Governor AbdulRahman AbdulRazaq has appointed the popular historian and community leader Alhaji L’Aziz Kolawole (LAK) Jimoh as the leader of the state’s delegation to Hajj for 2019.
Alhaji Abubakar Bwari, the immediate past Minister of State, Mines and Steel Development, said about N20 billion was spent from the N30 billion mining Intervention Fund given to the ministry.