Category : Finance

Access Pensions has announced a 70 per cent appreciation in revenue to N12.3bn in 2023. This was disclosed in the company’s audited annual results of...

The Central Bank of Nigeria has ordered banks operating in the country to start charging a cybersecurity levy on transactions. A circular from the apex...

Lafarge Africa Plc, a leading innovative and sustainable building solutions company has announced the successful conclusion of its 65th Annual General Meeting (AGM) held recently in Lagos. The AGM...

FCMB Group Plc announced impressive first-quarter 2024 financial results, with profit before tax rising 192.6% Year-on-Year to N31.3 billion compared to N10.7 billion in the same...

Zenith Bank Plc has announced its unaudited results for the first quarter ended 31st March 2024, with an impressive triple-digit growth of 189% in Gross Earnings,...

Afrimedical Manufacturing and Supplies Limited, a syringe manufacturing company, says it has emerged as the Best Syringe Company at the Medic West Africa 2024 Exhibition....

Parallell (Black) Market Rates – NGN/USD/GBP/EUR Date Naira/Dollar (NGN/USD) Buy/Sell Naira/Pound (NGN/GBP) Buy/Sell Naira/Euro (NGN/EUR) Buy/Sell April 30, 2024 1340 / 1350 1570 / 1620...

Some bank customers have expressed panic as the Central Bank of Nigeria bans mobile money operators including fintech firms from onboarding new customers. However, the...

Some experts have said that leveraging financial technology to promote financial inclusion could lift millions of Nigerians out of poverty. This was asserted at the...

The Debt Management Office (DMO) managed to sell Treasury Bills (T.bills) totaling N2.669 trillion through its auctions held in March 2024. This was contained in...

Recent dividend announcements by major Nigerian banks have highlighted a complex interplay between shareholder returns and Central Bank of Nigeria (CBN)’s recapitalization requirements. Despite the...

Dreamworks Integrated Systems, a provider of information and communications technology solutions, has unveiled a new logo and tech walk to celebrate its 20th anniversary. According...

Dangote Petroleum Refinery on Tuesday announced a further reduction in the prices of both diesel and aviation fuel to N940, and N980 per litre respectively....

The Commissioner of Finance, Lagos State, Abayomi Oluyomi, has described Small and medium Enterprises as a critical engine for sustainable development in any economy. He...

The directors of Fidelity Bank have proposed a final dividend payout of 60 kobo per share to shareholders for the 2023 financial year. This is...

The United Bank for Africa (UBA) has recorded N608 billion Profit After Tax (PAT) as its gross earnings rose to N2 trillion in at the...

The combined operating expenses of 10 Nigerian banks rose by 42.51 per cent to N3.23tn in 2023 compared to N2.26tn in the previous year, according...

Eterna Plc has appointed oil executive and economist, Mr Abiola Lawal, as its new Managing Director/Chief Executive Officer following the resignation of Benjamin Nwaezeigwe. In...

Less than a week into the effective date of the exercise, the recapitalisation programme of banks may face its first acid test in the coming...

The Federal Government has announced plans to initiate the issuance of domestic bonds denominated in foreign currency in the second quarter of this year, precisely...

The naira began the new month on a bullish note, appreciating to N1,278.58 against the United States dollar from N1,309.39 per dollar recorded last week...

The global financial crisis of 2008 highlighted multiple vulnerabilities within the banking sector in different countries, particularly in Nigeria. In order to mitigate these financial stability...

The Association of Bureaux de Change Operators of Nigeria has said that the recovery of the naira has led to a relative decrease in the...

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...

Parallell (Black) Market Rates – NGN/USD/GBP/EUR Date Naira/Dollar (NGN/USD) Buy/Sell Naira/Pound (NGN/GBP) Buy/Sell Naira/Euro (NGN/EUR) Buy/Sell March 29, 2024 1250 / 1280 1650 / 1700...

Date: Tuesday, 26 March 2024Ref: CBN/MPC/COM/151/294MONETARY POLICY RATE ADJUSTED BY200 BASIS POINTS TO 24.75 PER CENTThe Monetary Policy Committee (MPC) of the Central Bank of...

The Central Bank of Nigeria (CBN) leaves nobody in doubt about outward-looking posturing, which prioritises foreign capital inflow at the expense of the survival of...

The Central Bank of Nigeria has disclosed that it will be allocating $10,000 to each Bureau de Change operator at N1,251/$. This was contained in...

The Central Bank of Nigeria has issued a circular to Bureau De Change operators informing them of the sale of $10,000 to each BDC at...