Nigerian Stock Exchange Depreciates by 1.11% this Week
Nigerian Stock Exchange Depreciates 1.11% The Nigerian Stock Exchange depreciated by 1.11 percent to close the week in the red as sell pressure weighed on…
Finance
Foreign Reserves Drop to $37.37bn
Foreign Reserves Drop to $37.37bn The nation’s foreign reserves dropped from $38.535 billion recorded on January 2, 2020 to $37.37 billion, representing a decline of…
VAT Revenue Dips by N530bn in 2019
VAT Revenue Dips by N530bn in 2019 The total amount generated by the nation from Value Added Tax (VAT) dipped by N530 billion from the…
CBN to Recycle Bad Naira Notes
CBN to Recycle Bad Naira Notes The Central Bank of Nigeria is presently working on a proposal to recycle bad naira notes against the current…
Standard Chartered Invests $3bn in Tech
Standard Chartered Invests $3bn in Tech Standard Chartered bank has invested a total sum of $3 billion in innovation and technology to drive digital banking….
Wema Bank Grows Profit to N4.4bn in 2019
Wema Bank Grows Profit to N4.4bn in 2019 Wema Bank Plc grew profit after tax to N4.406 billion in the period ended 31, December 2019,…
FCMB Announces N17.7bn Profit for 2019
FCMB Announces N17.7bn Profit for 2019 First City Monument Bank (FCMB), one of Nigeria’s leading lenders, reported profit after tax of N17.72 billion, up from…
Lagos Debt to Revenue Hits 813.41% -FRC
Lagos Debt to Revenue Hits 813.41% -FRC Lagos State, Nigeria’s commercial capital, total debt to revenue in 12 months rose over 800 percent, according to…
FG Seeks Approval for $17bn Loan from China
FG Seeks Approval for $17bn Loan from China President Muhammadu Buhari led administration on Tuesday defended why the Federal Government needs $29.96 billion loan. According…
Stock Investors Lose Another N52.1b as NSE Extends Decline
Stock Investors Lose Another N52.1b as NSE Extends Decline Nigerian stock investors on Tuesday recorded another loss as the Nigerian Stock Exchange (NSE) declined by…