Union Bank grew gross earnings by 6 percent to N118.8 billion in the first nine months of 2020. This was higher than the N111.9 billion filed...
Wema Bank Plc reported a 35.45 percent decline in profit after tax for the first nine months of the year. According to the unaudited financial statements...
The Asset Management Corporation of Nigeria (AMCON) on Wednesday took over twelve assets and all bank accounts belonging to Jimoh Ibrahim, the Chairman of Global Fleet...
The Federal Government through the Ministry of Aviation has said Air France and Lufthansa Air that were previously restricted from flying into Nigeria can now operate...
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 index points to settle...
Naira declined further on Wednesday as liquidity remained a challenge at the black market. The Nigerian Naira depreciated by N3 to N478 against the United States...
Global oil prices pulled back slightly on Tuesday after rising on strong optimism on the back of COVID-19 vaccine and the expectations that OPEC and allies...
The Nigerian Stock Exchange extended its decline on Tuesday as stocks of Nestle, Dangote Cement, Nigerian Breweries, Cadbury and others led the decline. Investors traded 9.360...
Surged in demand for the United States Dollar across key foreign exchange markets has plunged the Nigerian Naira value to a 12-week low at the black...
Economic experts have explained the reasons for Nigeria’s rising inflation rate in recent months following the National Bureau of Statistics (NBS) report that shows the nation’s...
The draft Finance Bill 2020 contains a proposal for the reduction of the minimum tax rate to be paid by companies next year in light of...
Dangote Group has emerged the most valuable brand in Nigeria for the third consecutive year. In the 2020 edition of the Annual Brand Evaluation, ‘Top 50...
The Federal Government is considering another tax exemption for small businesses in the draft Finance Bill 2020. According to the Fiscal Policy Reforms Committee, put together...
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 well-received news bolstered the...
Both Godwin Emefiele, the Governor of the Central Bank of Nigeria, and the Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari have been...
Nigeria’s inflation figures have now hit 14.23 percent according to the latest figures released on Monday by the National Bureau of Statistics (NBS). This is the...
Seplat Petroleum Development Company Plc has announced the currency exchange rate applicable in the determination of the third quarter 2020 interim dividend payment to shareholders. The...
A Federal High Court in Lagos has mandated Guaranty Trust Bank Plc and shareholders of the bank to convene a meeting on December 4, 2020, to...
Transnational Corporation of Nigeria Plc (“Transcorp”) has agreed to pay Sacoil Holdings Limited, now known as Efora Energy Limited, a total sum of $5.5 million over...
Access Bank Plc, one of Nigeria’s leading financial institutions, on Friday announced the appointment of Mr. Seyi Kumapayi and Mrs. Omosalewa Fajobi as Executive Director and...