Naira’s Decline to N910 Sparks P2P Dollar Rush Amid FX Reserves Concerns
In a dynamic market twist, the Nigerian Naira plummeted to as low as N910 against the dollar, later moderating to…
Day: August 24, 2023
IHS Towers: Naira’s Rollercoaster Ride Costs $31 Million, Revenue Takes a Dip
The economic landscape takes a twist as IHS Towers, the world’s fifth-largest independent TowerCo, reveals a $31 million hit caused…
Nvidia’s Explosive Q2 Earnings: A Whirlwind Ride in the Generative AI Gold Rush!
Step into the world of generative AI as Nvidia’s Q2 earnings soar beyond expectations, unveiling a gold mine in the…
Chaos Unleashed: Shocking Revelation of an International Cyber-Crime Gang’s Rampage! Are Tech Titans Under Siege?
A court verdict exposes an 18-year-old from Oxford as a vital cog in a global cyber-crime syndicate responsible for a…
Rwandan Local Governments Crack Down on Illegal Mines
Efforts to curb the prevalence of illegal mining operations in Rwanda are intensifying as local government leaders respond to a…
KCB Group Records 20% Net Profit Decline in H1 2023, MarketNewsNG Reports
KCB Group, one of East Africa’s leading financial institutions, has reported a 20% drop in net profit for the first…
Safaricom Surpasses 5 Million Subscribers in Ethiopian Venture
Safaricom, the telecommunications giant, has achieved a milestone by surpassing five million subscribers in its Ethiopian subsidiary within less than…
ABCON Optimistic About Diaspora Remittances with BDC Integration
The Association of Bureau De Change Operators of Nigeria (ABCON) is confident that the Nigerian economy will benefit from increased…
CBN Disputes JP Morgan’s Estimate of Financial Accounts
The Central Bank of Nigeria (CBN) has responded to a recent financial estimate of its accounts by JP Morgan, stating…
FBN Holdings Shareholder Seeks Reversal of Court Order
An aggrieved shareholder of FBN Holdings has filed an application in a Federal High Court in Lagos, seeking to set…
Suspended CBN Governor Godwin Emefiele Pursues Plea Bargain in N6.69 Billion Fraud Case
Godwin Emefiele, the suspended Governor of the Central Bank of Nigeria (CBN), is reportedly pursuing a plea bargain in his…
NGX Proposes Dollar-Denominated Bonds and Stocks to Ease Currency Access
The Nigerian Exchange Limited (NGX) has revealed plans to allow companies to list bonds denominated in dollars on the stock…
Nigerian Equities Investors Cautious Amid Banking Stock Waiting Game
Investors in Nigeria’s equities market are exhibiting reduced interest in banking stocks as they await the half-year financial results of…
Marble Capital Introduces Marble Halal Fixed Income Fund for Risk-Averse Investors
Marble Capital Limited, a prominent ethical and Islamic Fund Manager in the Nigerian financial market, has launched the Marble Halal…