Africa Prudential approve 900m dividends
Shareholders of Africa Prudential Plc have given their approval for the payment of N900 million in dividends, equivalent to 45 kobo per share, for the financial year ending December 31,…
Alternative bank, TK Tech Africa set $500m digital sukuk partnership
The Alternative Bank and TK Tech Africa are teaming up to revolutionize financial technology and non-interest banking in Nigeria with their groundbreaking $500 million Digital Sukuk initiative. This collaboration aims…
Nigeria’s exports to Netherlands hit N1.9 trillion in Q4
According to a report by the National Bureau of Statistics (NBS), Nigeria exported goods worth N1.9 trillion to The Netherlands in the fourth quarter of 2023, marking it as the…
Again Zenith Bank named best bank in Nigeria
Zenith Bank Plc has been honored as the Best Bank in Nigeria at the Global Finance Best Banks Awards 2024, securing the prestigious award for the fourth time since 2019.…
Airfares expected to drop further as prices plummet by over 50%
Recent findings by Daily Trust have revealed a significant reduction of over 50 percent in international airfares, leading experts and stakeholders to anticipate further price drops in the near future.…
Naira recovery now tackle inflation — BDCs
The Association of Bureaux de Change Operators of Nigeria has highlighted the positive impact of the naira’s recovery on the prices of goods and services in the country. According to…
Electricity tariff hike looms as FG raises gas price
The Federal Government has announced an increase in the price of natural gas for power generation companies, signaling a potential rise in power tariffs for consumers. The new price of…
Reduced crude oil exports by Nigeria, Iraq cause plunge in OPEC output
A recent survey by Reuters revealed a significant drop in oil output by the Organization of Petroleum Exporting Countries (OPEC) in March, largely attributed to reduced crude oil exports by…
Chams Holdings bounces back with N20.22m profit
Chams Holdings Plc, known for providing identity verification solutions, made a remarkable comeback in 2023, returning to profit with a N20.22 million profit at the end of the year. This…
Tension in Lagos as fuel stations shut down over scarcity
Several parts of Lagos experienced palpable tension on Monday as a number of fuel stations were shut down due to supply disruptions. Areas such as Ikotun, Akonwonjo Egbeda, Igando, and…
Banks positioned to meet new recapitalization requirements
The Association of Corporate & Marketing Communication Professionals of Banks has expressed confidence that Nigerian banks are well-equipped to meet the new recapitalization requirements set by the Central Bank of…
Four banks delay filing of 2023 audited results
Four prominent banks, including United Bank for Africa, Zenith Bank, Stanbic IBTC, and Wema Bank, have disclosed that they will delay the filing of their audited results for the year…