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Market capitalization falls N857bn due to sell-offs

The Nigerian Exchange’s market capitalization fell for the second time this year, losing N857 billion to close at N56,425 trillion due to sell-offs. The PUNCH reported that the All-Share Index fell 1.49 per cent on Tuesday, closing at 103,110.15 points. The first loss of the year happened in January 10, with the market capitalization falling by […]

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31st January 2024
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Business

Ikea to cut prices this year due to deflation – CEO

Ikea has stated ahead of the World Economic Forum’s annual conference that it will keep to planned price cuts despite Red Sea shipping interruptions driving up prices. According to Reuters, the CEO of Ingka Group, Jesper Brodin, which owns the majority of Ikea shops worldwide, stated that price pressures had lessened, so the company would continue to planned price cuts […]

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16th January 2024
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Palm oil prices soars as US sets record

NNPCL targets four FIDs by 2025, posts N5.89tn

FCCPC unveils taskforce to combat counterfeit products nationwide

Mauritius firm to acquire 26% stake in Nigerian

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Some Populer Post

Apple risks new EU antitrust charges over digital rules

Air India plane returns mid-flight after suspected technical issue

Taiwan blacklists Huawei, SMIC over security concerns

TikTok unveils new generative AI tools for marketers

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Market capitalization falls N857bn due to sell-offs

Ikea to cut prices this year due to deflation – CEO

Apple risks new EU antitrust charges over digital.

Air India plane returns mid-flight after suspected technical.

Taiwan blacklists Huawei, SMIC over security concerns

TikTok unveils new generative AI tools for marketers

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