NGX ends January with striking 35.3% surge in All-Share Index
Equities trading on the Nigerian Exchange Limited (NGX) concluded the first month of 2024 (January) with notable positivity, propelled by...
Naira depreciates by 37.6% at official market in January 2024
The exchange rate between the naira and dollar closed the month of January at N1,455.59 representing a whopping 37.6% depreciation...
Exchange rate closes January 2024 at N1,455.59/$1 at the official market
Naira gained against the dollar on Wednesday, 31st January 2024 at the official market after it plunged to a record low of N1,482.57...
BUA Foods profit after tax hits N111.5 billion amidst headwinds
BUA Foods Plc has released its full year 2023 financial result posting a profit after tax of N111.536 billion amidst...
Naira depreciation threatens 2023 dividends for companies with foreign liabilities- Operators
Some capital market operators have cautioned that quoted companies burdened with foreign liabilities or heavily dependent on imported inputs could...
Naira falls to record low of N1,482.57/$1 at the official market
Naira continued its free fall on Tuesday, sinking to a record low of N1,482.57 per dollar following strong demand on the...
UPS to cut 12,000 jobs to save $1 billion as revenue outlook falls
UPS has announced plans to streamline its workforce by eliminating 12,000 jobs, aiming to achieve significant cost savings totaling $1...
Africa Prudential appoints Catherine Nwosu as Managing Director/CEO
The Board of Africa Prudential Plc has appointed Mrs. Catherine Uzoamaka Nwosu as the incoming Managing Director and Chief Executive...
NAFEM Exchange rate falls to record low of N1348/$1
Naira on Monday fell to a record low of N1,348.63 per dollar following strong demand on the official market, also...
CBN releases $500 million to clear more verified Forex liabilities
The Central Bank of Nigeria (CBN) has said that it has released 500 million dollars to various sectors in its...
