Wema Bank Profit After Tax Declined by 35.45 Percent in the First Nine Months
Wema Bank Plc reported a 35.45 percent decline in profit after tax for the first nine months of the year. According to...
AMCON Goes After Jimoh Ibrahim, Seizes Properties, Freezes Accounts Over ₦69.4 Billion Debt
The Asset Management Corporation of Nigeria (AMCON) on Wednesday took over twelve assets and all bank accounts belonging to Jimoh Ibrahim, the...
FG Says Air France, Lufthansa Can Now Operate in Nigeria’s Airspace
The Federal Government through the Ministry of Aviation has said Air France and Lufthansa Air that were previously restricted from flying into...
Nigerian Stock Exchange Rebounded After Two Days of Decline
The Nigerian Stock Exchange (NSE) rebounded on Wednesday after declining for two consecutive days. The All-Share Index gained 1.68 percent or 575.18...
Naira Falls on Liquidity Issue
Naira declined further on Wednesday as liquidity remained a challenge at the black market. The Nigerian Naira depreciated by ₦3 to ₦478...
Oil Prices Pulls Back On Tuesday Despite COVID-19 Vaccine, OPEC+ Hope
Global oil prices pulled back slightly on Tuesday after rising on strong optimism on the back of COVID-19 vaccine and the expectations...
Nestle, Dangote Cement, Nigerian Breweries, Others Drag Stock Market Down
The Nigerian Stock Exchange extended its decline on Tuesday as stocks of Nestle, Dangote Cement, Nigerian Breweries, Cadbury and others led the...
Naira to Dollar Exchange Rate Hits ₦475 as Predicted by Rewane
Surged in demand for the United States Dollar across key foreign exchange markets has plunged the Nigerian Naira value to a 12-week...
Experts Explain Why Nigeria’s Inflation Rate Hits 14.23%
Economic experts have explained the reasons for Nigeria’s rising inflation rate in recent months following the National Bureau of Statistics (NBS) report...
Again, Dangote Group Emerges the Most Valuable Brand in Nigeria
Dangote Group has emerged the most valuable brand in Nigeria for the third consecutive year. In the 2020 edition of the Annual...
FG Mulls New Tax Exemption for SMEs
The Federal Government is considering another tax exemption for small businesses in the draft Finance Bill 2020. According to the Fiscal Policy...
Moderna Announces 95% Effective COVID-19 Vaccine, Shares Surge 10%
Moderna, an American biotechnology company, on Monday announced its COVID-19 vaccine was 94.5 percent effective in a trial of 30,000 patients. The...
CBN, NNPC Summon by House of Rep for Not Remitting $19.25 Billion
Both Godwin Emefiele, the Governor of the Central Bank of Nigeria, and the Group Managing Director of the Nigerian National Petroleum Corporation,...
Seplat Announces Currency Exchange Rates for Q3, 2020 Interim Dividend
Seplat Petroleum Development Company Plc has announced the currency exchange rate applicable in the determination of the third quarter 2020 interim dividend...
GTBank, Shareholders to Hold a Meeting to Transfer Shares to Holding Company
A Federal High Court in Lagos has mandated Guaranty Trust Bank Plc and shareholders of the bank to convene a meeting on...
Transcorp Pays Efora Energy $5.5m to Settle Oil Licence (OPL 281) Dispute
Transnational Corporation of Nigeria Plc (“Transcorp”) has agreed to pay Sacoil Holdings Limited, now known as Efora Energy Limited, a total sum...
Access Bank Appoints Kumapayi, Fajobi as Directors
Access Bank Plc, one of Nigeria’s leading financial institutions, on Friday announced the appointment of Mr. Seyi Kumapayi and Mrs. Omosalewa Fajobi...
President Buhari Assents to Banks and Other Financial Institutions Act 2020 (BOFIs)
President Muhammadu Buhari on Thursday signed the Banks and Other Financial Institutions Act 2020 into law. In a statement titled “President Buhari...
Naira Extends its Decline Across the Board
The Naira declined further against other global currencies at the black market on Thursday, according to various currency traders. The local currency...
P-AADS: Central Bank Warns Participating Banks Against Fund Diversion
The Central Bank of Nigeria on Tuesday warned financial institutions participating in the Private-Sector-led Accelerated Agriculture Development Scheme (P-AADS) against diverting funds...
