Nigerian foreign investments surged following the Central Bank of Nigeria’s (CBN) recent bank recapitalisation program. The CBN Governor, Olayemi Cardoso, stated this during an event in...
Femi Otedola, chairman of FBN Holdings Plc, has called for banks to curb their extravagant spending and adopt a new windfall tax to regain public trust...
UAC of Nigeria PLC (“UAC” or the “Group”) has announced ₦5.9 billion profit before tax for the period ended June 30, 2024. Revenue Surge The Group...
International Breweries Plc has announced its unaudited financial results for the period ended June 30, 2024. The report reveals significant financial challenges, with a pronounced increase...
Ecobank Group’s profit before tax rose by 5% year-on-year to $324 million. However, excluding the impact of foreign currency translation due to the strength of the...
FBN Holdings, Nigeria’s oldest financial institution, has doubled its pre-tax profit to a record N411.9 billion in the first half of 2024. This is the bank’s...
The Nigerian Exchange (NGX) saw a significant boost in its market capitalization on Monday following the listing of 2,418,099,300 ordinary shares of Notore Chemical Industries Plc....
The Federal Government of Nigeria has formally requested a $500 million loan from the World Bank to improve dam safety and enhance water resource management across...
Zenith Bank Plc is set to raise N290 billion through a combination of a Rights Issue and a Public Offer in compliance with the revised minimum...
Nigeria’s Finance Minister, Wale Edun, has said the country’s debt service to revenue ratio has decreased from 97% in 2023 to 68% in 2024. Addressing journalists...
