Thanks to the increasing popularity of fast, economical 4G/5G networks, the fact that even low-cost phones come well equipped with...
Nigeria’s use of foreign exchange nearly doubled to $50.93 billion in 2025 as businesses, financial institutions and importers increased demand...
FirstBank of Nigeria Limited is spending more than N6 billion annually on cybersecurity as the lender expands its digital banking...
Dangote Petroleum Refinery has secured extended court protection against the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), allowing the...
Banking system liquidity surged to N7.35 trillion as the Central Bank of Nigeria (CBN) lowered rates on Open Market Operation...
The Dollar to Naira exchange rate in Nigeria’s black market, also known as the parallel market, remained largely stable on...
Broad-based selling intensified on the Nigerian Exchange (NGX) on Wednesday with five equities hitting the Exchange’s maximum daily decline as...
Champion Breweries Plc and VFD Group Plc bucked the broader market trend on Wednesday as both stocks recorded strong gains...
Banking stocks remained the Nigerian Exchange’s (NGX) primary source of liquidity on Wednesday as Zenith Bank Plc recorded the highest...
Guaranty Trust Holding Company Plc (GTCO) has announced a strong profit before tax (PBT) of N609.3 billion for the 2023 financial year. This represents an increase...
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 world’s largest commodity trading firms have once again emerged triumphant, raking in record profits amidst the aftershocks of Russia’s invasion of Ukraine. Despite some decline...
Trump Media & Technology Group Corp., the social media predominantly owned by former U.S. President Donald Trump, has lost $2.8 billion in market value in the...
Tigran Gambaryan, a high-ranking executive at Binance Holdings Ltd., finds himself behind bars in Abuja, Nigeria amidst allegations of tax evasion and fraud. Gambaryan, the head...
As geopolitical tensions continue to simmer in the Middle East, global oil prices are edging closer to a significant milestone, hovering near a five-month high. Brent...
As of April 9th, 2024, the exchange rate for the US dollar to the Nigerian Naira stands at 1 USD to 1,200 NGN in the black...
As of April 8th, 2024, the exchange rate for the US dollar to the Nigerian Naira stands at 1 USD to 1,240 NGN in the black...
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,...
The much-anticipated Siemens $2.3 billion power project in Nigeria has taken a significant step forward with the arrival of crucial infrastructure – transformers and substations. This...
