Exchange rate falls to N847 in the official rate
The exchange rate between the naira and the dollar fell to N847/$1 on Tuesday.
Exchange rate opens week at N1,210/$1 on parallel market
The exchange rate between the naira and dollar opened the week at N1,200/$1 on P2P platforms on Monday as traders...
Geregu Power reports 42% rise in revenues, pre-tax profits also surge 25% to N17.4 billion
Nigeria's leading power-generating company, Geregu Power reported a 42% surge in revenues in the first 9 months of 2023, despite...
Exchange rate quotes for N1100 at parallel market
The exchange rate between the naira and dollar fell to N1,100 on the black market according to traders who sell...
CBN shockingly claims 43 banned items is reason for exchange rate disparity
CBN has attributed the widening disparity between official and black market exchange rates to the 43 banned items implemented in...
Daily forex turnover fail to cross $300 million since FX Unification was announced
In Nigeria, the forex turnover in the official foreign exchange market has struggled to reach the $300 million mark, a...
Squeezing profit margins: Financial health of Nigerian companies raises concerns
Despite marginal revenue growth in Q2 2023, a wide range of Nigerian companies have reported substantial reductions in their profit...
Naira losses 23% value in the third quarter of 2023
The Nigerian currency, the naira, has suffered a significant depreciation in the third quarter of 2023, according to official and...
UBA half-year pre-tax profits jump 371%, declares record 50 kobo dividend
UBA Plc reported its 2023 Half-year results showing pre-tax profits grew by 370.73% year on year, reaching N403.647 billion.
Zenith Bank half-year pre-tax profits jump 169.50% on the back of Forex
Zenith Bank Plc reported its 2023 Half-year results showing pre-tax profits grew by 169.50% year on year, reaching N350.36 billion.
