Ecobank Transnational Incorporated Reports $407 Million Profit in 2023
Ecobank Transnational Incorporated has reported a notable growth in its profit after tax, reaching $407 million in 2023, marking an...
Guinness Nigeria PLC Shows Resilience Despite N81bn Forex Loss
Guinness Nigeria PLC remains optimistic despite facing a substantial foreign exchange (FX) loss of N81 billion in the first quarter...
Naira Hits Two-Month Low of N1,419.11 Against Dollar as Foreign Inflows Drops
The naira experienced a significant decline on Monday, reaching its lowest level against the dollar in two months, as foreign...
Nigerian Banks Implement ATM Withdrawal Limits Amid Cash Scarcity
As the cash scarcity intensifies across Nigeria, several banks have instituted withdrawal limits for customers, further exacerbating the challenges faced...
MTN Nigeria Records Staggering N1.39 Trillion in Forex Losses Amid Naira Depreciation
MTN Nigeria, one of the leading telecommunications companies in the country, has reported a significant financial setback due to the...
Tinubu Secures $600m Danish Investment to Expand Nigeria’s Seaport Infrastructure
President Bola Tinubu has brokered a significant investment deal with Danish shipping giant A.P Moller-Maersk, securing $600 million to bolster...
The Naira Continues to Weaken Against the Dollar, Hits N1,380/$1 at Parallel Market
The exchange rate between the Naira and the Dollar has once again taken a hit, with the parallel market quoting...
Nigeria Sees Surge in Active Bank Accounts, Reaches 219.6 Million in March 2024 – NIBSS
Nigeria's banking sector experiences a notable uptick in active bank accounts, reaching a total of 219.6 million in March 2024,...
Stockbrokers Advocate Increased PFAs Participation in Equity Market
The Chartered Institute of Stockbrokers (CIS) has called for Pension Fund Administrators (PFAs) to step up their involvement in the...
Naira Plunges to N1,450 Against Dollar, 8.28% Decrease During Trading Hours
The Nigerian naira experienced a sharp decline on Thursday afternoon, dropping to N1,450 per dollar in the parallel market. This...
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