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Latest News

IMF Lists Top 10 African Nations with Highest Debt Burdens

Nigeria’s Money Supply Declines for the First Time in 2025

Gold Prices Hit $2,000 Mark as Markets Assess Federal Reserve Rate Outlook

Gold Prices Soar to Record Highs Amid Economic Uncertainty

NEC Affirms CBN $3 Billion Loan for Naira Stability

CBN Strengthens Efforts to Stabilize the Naira Amid Rising Reserves

Nigeria’s MTN and Airtel Record N403.2 Billion Data Revenue In Q3, 2023

telecommunication

MTN and Airtel Partner to Cut Costs Through Network Sharing in Nigeria and Uganda

Economy

Naira appreciated to N738/$ in the Parallel Market

Nigeria’s Money Supply Declines for the First Time in 2025, Drops to N110.32 Trillion

Nigeria Exports Electricity Worth N23bn as Local Consumers Suffer Outages.

DisCos Generate N509bn in Q4 2024 Despite Multiple Grid Collapses

Nigeria’s Financial and Economic Outlook for the First Half of 2023: Evaluating Key Indicators.

Nigeria’s Foreign Trade via Maritime Transport Surges by 91% to N130.8 Trillion

CBN’s Recapitalization Budget of $1 Trillion Sparks Debate Among Industry Stakeholders

CBN Reports Progress in Stabilizing FX Market and Controlling Inflation

Market

NGX Group revenue grows by 9.35% in the full year of 2022.

NGX Trading Activity Drops to ₦509bn Amid Foreign Investor Exit

Nigerian Equity Market Sees Impressive N1.08tn Wealth Gain Amidst Bullish Trading.

Nigerian Equities Market Sees Sustained Rally, Investors Gain ₦607 Billion

December 30, 2024

Nigerian Equity Market Sees Impressive N1.08tn Wealth Gain Amidst Bullish Trading.

UPL Leads Gainers with 10% Surge as All-Share Index Slightly Declines

December 6, 2024

Nigeria and UK Set to Sign Enhanced Trade Investment Partnership Agreement

Nigeria-UK Trade Volume Hits £7.5bn, Minister Advocates Expansion

November 28, 2024

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Trending now

Zenith Bank’s Market Cap Surpasses One Trillion Naira as Shares Soar by 3.23%

Zenith Bank Achieves Historic N1 Trillion Profit After Tax in 2024 Fiscal Year

by Victoria Attah

Zenith Bank Plc has made history by posting a record-breaking profit after tax of N1.03 trillion for the 2024 financial...

UBA annual profit hits N170 billion in 2022.

UBA Reports ₦1.14 Billion Fraud Loss Amid Record Profits

by Stephen Akudike

United Bank for Africa (UBA) recorded ₦1.14 billion ($744,200) in fraud-related losses in 2024, despite posting a profit after tax...

South Africa Poised to Surpass Nigeria as Africa’s Largest Economy

Manufacturers Face 90.6% Surge in Cost of Sales

by Victoria Attah

Nigeria’s manufacturing sector is grappling with soaring production costs, as newly released 2024 financial reports reveal a 90.6% increase in...

Nigerian Equity Market Sees Impressive N1.08tn Wealth Gain Amidst Bullish Trading.

Nigerian Equity Market Rebounds with ₦369 Billion Gain

by Jide Omodele

The Nigerian equity market staged a recovery on Monday, gaining ₦369 billion as investor confidence returned. The All-Share Index (ASI)...

UBA annual profit hits N170 billion in 2022.

UBA Achieves Record-Breaking Profit of ₦766.5 Billion in 2024v

by Stephen Akudike

United Bank for Africa (UBA) has announced its highest-ever annual profit, posting a post-tax profit of ₦766.5 billion for the...

Popular posts

Politics

FG Records N13.33bn Revenue Shortfall from Gas Flaring Penalties

FG, Governors Agree on Three-Month Delay for Local Government Autonomy

August 13, 2024

2024 Budget Outline: Oil Price Set at $77.96, Naira Stands at 750 Against the Dollar

Federal Government Allocates ₦570 Billion to States Amid National Protest

Debunking the Fuel Scarcity Myth and Its Impact on Financial Wellness

Federal Government Denies Subsidy Payments Amid Rising Petrol Pump Prices

Access Bank, Zenith Bank among others Report Robust Profits Despite Economic Challenges

Senate Approves Finance Act Amendment, Raises Banks’ Windfall Levy to 70%

Wealth

Naira Strengthens as Anticipation Mounts for $10 Billion Forex Inflows

Nigeria’s Money Supply Surges 18% to N110.97 Trillion as Savings Increase

February 21, 2025

Nigeria’s Stock Market Records N1.81 Trillion Gain in July.

Nigerian Equity Market Reverses Recent Gains, Records N63bn Loss

December 10, 2024

FG Raises N346.155 Billion in November Bond Auction Amid Increased Allotments

November 22, 2024

NEC Affirms CBN $3 Billion Loan for Naira Stability

CBN Survey Reveals Decline in Business Confidence as Naira Depreciation Looms

November 13, 2024

Business

Nigeria’s Stock Market Records N1.81 Trillion Gain in July.

Nigerian Stock Market Suffers ₦500 Billion Loss in Three Days

Airtel Africa Records $471 Million Foreign Exchange Loss Due to Currency Unification.

Airtel Nigeria Reports $344 Million Revenue Loss Amid Data Sales Decline

February 20, 2025

BREAKING: MTN Nigeria gets NCC approval to lease spectrum from NTEL.

Court Upholds FCCPC’s Authority in MTN Legal Battle

February 10, 2025

Nigerian Equity Market Sees Impressive N1.08tn Wealth Gain Amidst Bullish Trading.

Surge in Domestic Investors Drives Nigerian Equity Trading to N10.8 Trillion

January 28, 2025

Technology

ChatGPT Reaches Its Limit: Users Unable to Generate Responses

ChatGPT Reaches Its Limit: Users Unable to Generate Responses

Elon Musk claims to donate almost $2 billion to charity.

Elon Musk’s xAI Secures $6 Billion in Series B Funding, Valued at $24 Billion

Indeed: Demand Surges for Generative AI Skills Paying Over $150,000

Indeed: Demand Surges for Generative AI Skills Paying Over $150,000

Elon Musk Loses Billions as Tesla’s Market Cap Plummets by $30 Billion

Tesla Shares Decline by 29% in Q1 2024 As Deliveries Falls.

Currency

Nigeria Plans New FX Rules, Targeting 750 Naira Exchange Rate

Naira Faces Decline at Official Market, Hits ₦1,536/$

EIU Predicts Naira’s Decline to N1,018 per Dollar Amidst Soaring Inflation.

Naira Faces Unprecedented Volatility, BDC Operators Raise Alarm

Naira Surges Against US Dollar, Falls Below N1,000 Mark

Naira Weakens in Nigerian FX Market as U.S. Fed Meeting Takes Center Stage

Naira appreciated to N738/$ in the Parallel Market

Naira Depreciates Below N1,600 Amid Forex Outflows and Global Trade War

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