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Nigeria

Katsina Woos Investors, Removes Right-of-Way Charges

The Katsina State Government has announced measures aimed at attracting more investors by removing right-of-way charges for infrastructure and development projects across the...

TechnologyBusiness

Samsung Shares Slide as Record Payout Plan Falls Short of Investor Expectations

Shares of Samsung Electronics fell sharply on Monday after investors reacted negatively to the company’s record shareholder-return plan. Samsung announced plans to return...

TechnologyBusiness

Samsung Reportedly Plans Major $72 Billion Shareholder Return Programme

Samsung Electronics is reportedly preparing to unveil a shareholder return programme worth more than $72 billion, in a move that could rank among...

BusinessNigeria

Profit-Taking Wipes N544.5bn Off NGX as First HoldCo, Fidelity Bank Lead Sell-Off

By Benson Daniel Profit-taking in major banking stocks pushed the Nigerian equities market further into negative territory on Tuesday, wiping N544.5 billion off...

BusinessNigeria

May & Baker Warns Public Against Fraudulent Investment Scheme

By Benson Daniel May & Baker Nigeria Plc has warned members of the public against a fraudulent investment scheme being circulated online under...

ActiveAfricaBusinessNigeria

Airtel Africa Raises Share Buyback Limit to $65m

By Benson Daniel Airtel Africa Plc has increased the amount earmarked for its ongoing share buyback programme to $65 million, reinforcing its commitment...

BusinessNigeria

Bearish Sentiment Erases N544bn from Nigeria’s Equity Market

By Benson Daniel Bearish sentiment on the Nigerian Exchange continued on Tuesday as sustained selling pressure wiped about N544 billion from the value...

BusinessNigeria

Nigeria Records Africa’s Highest Capital Gains Tax Rate, Report Says

By Benson Daniel Nigeria has emerged with the highest headline capital gains tax rate among selected major African economies following the implementation of...