Wema Bank Plc’s profit before tax (PBT) for the 2023 fiscal year increased by 196% to N43.59 billion compared to N14.75 billion recorded in the previous...
Nigeria has successfully secured a significant oil-backed loan worth $1.05 billion from the African Import Export Bank. The syndicated loan, set to be disbursed next month,...
The Nigerian Exchange Group (NGX Group) has announced plans to bolster its capital base through a rights issue aimed at raising approximately N10 billion. The move,...
Oil prices retreated from a five-month high as Israel announced a partial withdrawal of troops from Gaza. The decision, coupled with looming market reports, has injected...
Former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, is set to stand trial over allegations of massive irregularities in forex allocations totaling $2 billion. The...
African Export-Import Bank (Afreximbank) has partnered with Sterling Bank to introduce the innovative supply chain finance product ‘Payables Finance’, in Nigeria. This product, branded as ‘Afreximbank Tradelink,’ is...
As the Central Bank of Nigeria (CBN) presses forward with its recapitalization agenda, Nigerian banks are facing the grim reality of massive job losses. The Association...
The rail transport sector revenue surged to a commendable N6.05 billion, representing an 8.8% year-on-year (YoY) increase. This significant growth was revealed in the latest Rail...
The Federal Government of Nigeria has announced a significant increase in the price of natural gas for power generation from $2.18 per metric million British thermal...
Zenith Bank Plc has emerged as the Best Bank in Nigeria in the Global Finance Best Banks Awards 2024, winning the award for the fourth time...
