Stanbic IBTC Receives Approval to Establish Wholly-Owned Life Insurance
Stanbic IBTC Holdings Plc, one of Nigeria’s leading financial institutions, said it has finally received the required regulatory approval and a licence...
MTN Nigeria, Unilever, Others Gain as Stock Market Closed Positive
MTN Nigeria led gainers on Friday as the Nigerian Stock Exchange (NSE) sustained its ongoing positive momentum. Investors traded 190.280 million shares...
FCMB Generates ₦48.3 Billion Revenue in the Third Quarter
FCMB Group Plc announced revenue of ₦48.3 billion in the third quarter ended September 2020. This represents an increase of 4.8 percent...
Bitcoin Declines to $16,792.62 Per Coin on Thursday
Bitcoin seems to have called the top at $19,300 a coin attained earlier in the week following a sharp decline on Thursday...
Crude Oil Hits 8 Month High on Vaccine and Drop in US Inventories
Crude oil rose to 8 months high on Wednesday after data showed a surprise drop in United States crude oil inventories for...
Despite CBN Warnings, Naira Plunges to ₦487/US$ on Parallel Market
Despite the Central Bank of Nigeria warning black market operators about impending doom, the Naira plunged even further at the parallel market...
Nigerian Stock Exchange Maintains Bullish Run, Investors Gained ₦224.90 Billion on Wednesday
The Nigerian Stock Exchange (NSE) continued its bullish run on Wednesday as the NSE All-Share Index gained 1.25 percent to settle at...
Naira Trades at ₦570 to a Euro, ₦620 Per British Pound and ₦483 to a US Dollar
The Nigerian Naira remained under pressure across the nation’s black market despite the Central Bank of Nigeria (CBN) saying it has enough...
Unity Bank Declares ₦1.57 Billion Profit After Tax for the First Nine Months of 2020
Unity Bank Plc delared ₦1.57 billion profit after tax for the first nine months of the year. This was higher than the...
Flour Mills Managing Director Increases Stake in Flour Mills
Paul Miyonmide Gbedebo, the Group Managing Director of Flour Mills of Nigeria Plc, has increased its stake in the company, according to...
Stanbic, UBA, Access, Others Boost Stock Market on Tuesday
Stocks of Stanbic IBTC, United Bank for Africa, Access Bank and other top banks led the Nigerian Stock Exchange (NSE) to close...
Nestle S.A. Adds 102,690 Shares of Nestle Nigeria to Existing Stake
Nestle S.A., a majority shareholder in Nestle Nigeria Plc, continues to increase its holding in Nestle Nigeria as the company acquired another...
Airtel, Nestle, Dangote Cement Gained Despite NSE Closing in Red
Airtel Africa stock led top gainers with ₦25 or 5 percent profit to close at ₦525 per share on Monday. Nestle followed...
FBN Holdings Posts ₦18.723 Billion PAT in Q3 2020
FBN Holdings Plc reported a profit before tax of 21.910 billion in the third quarter ended September 30, 2020. This was higher...
Zenith Bank Realises ₦173.488 Billion Non-interest Income in Nine Months
In the nine months ended September 30, 2020, Zenith Bank Plc, one of Nigeria’s leading banks, generated ₦173.488 billion non-interest income despite...
Naira Slides Further at the Black Market; Trades at ₦484/US$
The Naira depreciated further at the black market after a report showed Nigeria’s economy contracted by 3.62 percent in the third quarter...
What You Need to Know About Nigeria’s Economic Recession
Nigeria’s Gross Domestic Product shrinks by 3.62 percent in the third quarter of 2020 following a 6.10 percent contraction recorded in the...
GTBank Grows Profit Before Tax to ₦167.4 Billion in Nine Months
GTBank grew profit before tax to ₦167.352 billion in the first nine months of the year, according to the bank’s latest financial...
Access Bank Reports ₦102.3 Billion Profit After Tax in Nine Months
Access Bank Plc on Thursday posted ₦102.300 billion profit after tax for the first nine months of the year. According to the...
Union Bank Declares ₦118.8 Billion Gross Earnings in Nine Months
Union Bank grew gross earnings by 6 percent to ₦118.8 billion in the first nine months of 2020. This was higher than...
