Business News
Business and economic news from Nigeria and around the world.
MTN shares fall 18% as CBN hammer shakes markets
Shares of MTN Nigeria fell by a whopping 18% as the market opened on Thursday. The company is on the...
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$8.1 billion refund could cost banks, MTN a whopping N1.9 trillion in FX differentials
The Central Bank of Nigeria (CBN) on Wednesday fined four banks a total of N5.86 billion for allegedly breaching Nigeria’s extant laws and...
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Stanbic Ibtc Holdings Plc responds to reports of a CBN Fine
Stanbic Ibtc Holdings Plc (parent company of Stanbic Ibtc bank) has released a press statement in response to reports that...
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AfDB, FAO partner to raise $100 million for food security
AfDB and FAO to end hunger in Nigeria with $100 million.
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$8.1 billion “illegal” dividend: Download CBN’s letter to MTN
The Central Bank of Nigeria (CBN) on Wednesday fined four banks a total of ₦5.86 billion for allegedly breaching Nigeria’s extant...
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Eaton Acqusitions Limited increases stake in NEM to 9%
Eaton Acquisitions Limited, an investment company, has increased its stake in NEM Insurance Plc to 9%, days after it announced...
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Guinness Nigeria Plc releases FY 2018 results
Guinness Nigeria Plc has released its results for the financial year ended June 2018. The company has proposed a final...
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UBA Plc releases H1 2018 results
Tier one lender UBA Plc has released its results for the period ended June 2018. The bank also declared an...
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UPDATE: CBN slams 4 banks with ₦5.86bn fine because of MTN
Recently, MTN has been at the centre of numerous controversies in Nigeria.
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Nigerians excited as Osun residents benefit from #TraderMoni initiative
The soft loan scheme is aimed at funding micro businesses in the country.
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