UBA Reports ₦1.14 Billion Fraud Loss Amid Record Profits
United Bank for Africa (UBA) recorded ₦1.14 billion ($744,200) in fraud-related losses in 2024, despite posting a profit after tax...
DisCos Generate N509bn in Q4 2024 Despite Multiple Grid Collapses
Nigeria’s electricity distribution companies (DisCos) collected N509.84 billion in revenue during the fourth quarter of 2024, even as the country...
CBN Reports Progress in Stabilizing FX Market and Controlling Inflation
The Central Bank of Nigeria (CBN) has reported notable progress in stabilizing the foreign exchange (FX) market and curbing inflation...
NGX Trading Activity Drops to ₦509bn Amid Foreign Investor Exit
Trading activity on the Nigerian Exchange Limited (NGX) took a sharp downturn in February 2025, with total transactions declining by...
UBA Achieves Record-Breaking Profit of ₦766.5 Billion in 2024v
United Bank for Africa (UBA) has announced its highest-ever annual profit, posting a post-tax profit of ₦766.5 billion for the...
Naira Faces Decline at Official Market, Hits ₦1,536/$
The Nigerian naira continued its downward trend at the official foreign exchange window last week, closing at ₦1,536.89 per dollar...
Naira Faces Unprecedented Volatility, BDC Operators Raise Alarm
The Nigerian foreign exchange market is experiencing significant instability, with Bureau De Change (BDC) operators warning that the naira is...
EU Commission Accuses Google Search and Google Play of Violating Digital Markets Act
The European Commission has issued preliminary findings against Alphabet Inc., the parent company of Google, accusing the tech giant of...
Naira Weakens in Nigerian FX Market as U.S. Fed Meeting Takes Center Stage
The Nigerian naira experienced a slight decline against the U.S. dollar in both the official and parallel foreign exchange markets...
NGX Downturn Deepens with N265 Billion Loss
The Nigerian Exchange (NGX) extended its losing streak on Tuesday, shedding N265 billion as weak investor sentiment continued to weigh...
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