Markets
News from Nigeria's capital, currency, commodities, cryptocurrencies and money markets.
Okomu Oil Palm’s profit declines by 41% in Q3 due to high cost of sales
Turnover increased by 27% to N9.421 billion from N7.418 billion as of Q3 2021
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Buying frenzy as naira hoarders drive exchange rate past N800/$1 at FX black market
Sources at the BDC informed our correspondent that rates range between N790-N800/$1
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Jaiz Bank rakes in N925 million profit in Q3 2022
Income from financing contracts was up from N3.5 billion to N5.7 billion, driven by income from Murabaha transactions
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Sterling Bank posts N5.4 billion profit in Q3 2022
Sterling Bank increased its interest income to N31 billion from the N28 billion
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International Brewery reports increase in revenue to N49 billon in Q3 2022
International Breweries' unaudited financial statement shows a jump in the cost of sales for the period amid rising inflation
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BUA Foods grows profit by 65% to N30.045 billion in Q3
Turnover increased by 39.25% to N120.467 billion from N86.509 billion as of Q3 2021
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Dangote Sugar increases PAT by 58% to N4.6 billion in Q3
Revenue for the period rose massively by 62%, from N64 billion recorded in Q3 of 2021 to N103 billion in...
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Ghana assures that no investor will lose their money due to ongoing negotiations with IMF
He chastised speculators who have claimed that investors would lose their money due to the impending loan deal with the...
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Naira Redesign: Lessons from India’s 2016 demonitisation policy
The International Monetary Fund (IMF) recently urged the Central Bank of Nigeria (CBN) to apply caution in its bid to...
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Nigeria’s tier-1 banks grow their interest earnings by 36% to N740.9 billion in Q3 2022
CBN's high interest rates drives Nigerian banks interest earnings in Q3 2022
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