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.
MPR Hike: Personal statements show CBN MPC members division on how to combat galloping inflation
In a majority decision at the Monetary Policy Committee (MPC) meeting in July, the Central Bank of Nigeria (CBN) voted...
$10 billion FX Backlog: CBN’s two-week plan is unrealistic – Experts
The Central Bank of Nigeria's audacious plan to eliminate its $10 billion foreign exchange backlog within a mere two weeks...
Otedola Commends Sanwo-Olu on Successful Completion of Lagos Blue Rail
Nigeria’s billionaire and Chairman, Geregu Power Plc, and also Director, First Bank Holdings Plc, Mr. Femi Otedola, has commended Governor...
How Nigeria’s Stock Market Reached a Historic High
Investor Activism, Presidential Honeymoon, A confluence of market forces: How Nigeria’s Stock Market Reached a Historic High
