INVESTOR – InfoStride News

IEI share price jumps 700% as investors bet on recapitalisation

Temitope Nlewemchi — Mon, 20 Apr 2026 10:42:21 +0000

Shares of Industrial and General Insurance Plc (IEI) have surged dramatically on the Nigerian Exchange, recording a staggering gain of over 700% within a relatively short period. The sharp rally has drawn significant attention from investors and market analysts, many of whom attribute the surge to growing optimism around the company’s potential recapitalisation and restructuring [...]

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Stock Market Ends July with N12.62tn Surge, Reflecting Investor Optimism

Temitope Nlewemchi — Fri, 01 Aug 2025 12:15:53 +0000

The Nigerian Exchange Limited (NGX) wrapped up July on a bullish note, recording a remarkable gain of ₦12.62 trillion in market capitalization, as investors showed renewed confidence in the equity market amid policy reforms and strong corporate earnings. The surge in value marked one of the most robust performances by the Exchange in recent months, [...]

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Nigeria eyes fiscal clarity, investor appeal in GDP rebase

Temitope Nlewemchi — Fri, 11 Jul 2025 15:47:07 +0000

Nigeria is set to embark on another round of Gross Domestic Product (GDP) rebasing, a move government officials say is critical for providing clearer fiscal data and restoring investor confidence in an economy grappling with weak growth, high inflation, and mounting debt. According to the National Bureau of Statistics (NBS), the exercise will update [...]

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Forex Market Turnover Reaches ₦23.9tn Amid High Investor Activity

Temitope Nlewemchi — Mon, 30 Dec 2024 19:19:13 +0000

Nigeria’s foreign exchange (forex) market recorded a significant turnover of ₦23.9 trillion, driven by heightened investor activity. The surge in transactions is attributed to increased participation by domestic and foreign investors seeking opportunities within the country’s evolving forex landscape. According to industry data, the sharp increase in market turnover reflects efforts by market players to [...]

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Nigeria gets $1.5 billion from foreign investors after March’s MPC meeting

Temitope Nlewemchi — Sat, 30 Mar 2024 12:18:43 +0000

The Central Bank of Nigeria (CBN) has announced a significant inflow of over $1.5 billion into the Nigerian economy, a development that underscores the effectiveness of its monetary policy strategies. Mrs Hakama Sidi Ali, the Bank’s Acting Director of Corporate Communications Department, highlighted this achievement on Thursday, March 28, 2024, attributing the success to the [...]

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Institutional Frenzy: Geregu Power Plc Witnesses Soaring Shares with 40 Million Units Snapped Up

Temitope Nlewemchi — Sat, 30 Dec 2023 11:47:19 +0000

In a recent corporate disclosure on insider dealing, Geregu Power Plc, as reported by Infostride News, has experienced a robust trading period marked by significant share sales. The company, demonstrating market confidence, unveiled that a majority shareholder successfully concluded a series of share sales, totaling 40 million units and amounting to a substantial N14.5 billion. [...]

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Twitter Investors Sue Elon Musk Over Handling Of $44B Takeover Bid

David Folami — Mon, 30 May 2022 00:53:22 +0000

Twitter investors are suing Elon Musk and the social media platform over the handling of Musk’s $44bn take over bid for the company. The lawsuit alleges Musk violated California corporate laws in different ways, and the world has been reacting. The court case accuses Musk of wrongful conduct as his false statements and market manipulation [...]

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No Investor Will Regret Doing Business In Delta State – Ifeanyi Okowa

David Folami — Tue, 26 Nov 2019 00:51:10 +0000

Delta State governor, Ifeanyi Okowa has urged investors to explore the huge potential in his state and expect fast returns. He revealed this when the Ambassador of Czech Republic to Nigeria, Mr. Marek Skolil, visited him in Asaba. According to Okowa, he was happy with the interest of the global community in investing in the [...]

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Investor Meetings Will Continue – Kemi Adeosun

David Folami — Fri, 10 Jun 2016 15:50:54 +0000

Nigeria plans to continue to engage with international investors as it explores fundraising options, Finance Minister Kemi Adeosun said on Thursday after a non-deal roadshow in London earlier this week. The one-day event, which took place on Tuesday, was attended by 65 representatives of European and global fund managers, said Adeosun adding that the event [...]

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US Investors Want Everton FC

David Folami — Wed, 23 Dec 2015 15:43:10 +0000

Reports reaching Theinfostride is that a consortium headed by two US technology investors is negotiating to buy Everton Football Club for an estimated £200 million (272 million euros, $297 million) The report said the group had signed a preliminary agreement with owner and chairman Bill Kenwright and was checking the club’s accounts with the aim [...]

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