MTN incurs N131.4 billion in forex losses, earnings decline 64%
MTN Nigeria Plc released its 2023 second-quarter results showing pre-tax profits fell a whopping 64% to N44.6 billion.
Tinubu administration actively seeking dollar supplies from foreign investors – Sources
The Nigerian government is working hard to seek dollar supplies from foreign investors as exchange rate volatility persists in the...
Nigeria Breweries incur N70.6 billion in forex losses
Nigeria Breweries Plc reported an exchange rate loss of N70.6 billion for the second quarter of the year ended June...
Guinness Nigeria incurs N49 billion in exchange rate loss
Guinness Nigeria Plc incurred a whopping N49 billion in exchange rate losses according to the information contained in its full-year...
2023 Q2 Results: TotalEnergies beat earnings forecast by 31.3%
TotalEnergies Marketing reported an 11% increase in earnings per share for the second quarter ended June 2023.
2023 Q2 Results: Africa Prudential cite decrease in investable funds as reason for 55% earnings drop
Africa Prudential Plc reported a 55.% drop in pre-tax profit for the second quarter of 2023.
CBN MPC Meeting: All eyes on Shonunbi as Nigeria awaits interest rate decision
Amidst economic uncertainty, all eyes are set on the acting Central Bank of Nigeria (CBN) Governor, Fola Shonubi, as the...
Nigerian banks brace up for mega capital raise
Nigerian banks are strategically gearing up for a major capital raise in response to various factors shaping the country's economic...
AMCON sells 900 million shares of UBA – Sources
Data from the NGX trading session reveal about 961.5 million shares of UBA were traded on Thursday, July 20th.
FBN Holding post 414% increase in profits (YoY Q2 2023)
FBN Holdings Plc, one of Nigeria's largest banks released its 2023 second-quarter results showing pre-tax profits rose 5 folds to...
