May 20, 2024 - Market News Nigeria

Stanbic IBTC Holdings Plans to Raise N550 Billion in New Capital

Shareholders of Stanbic IBTC Holdings Plc have approved a plan to raise N550 billion in new capital. The company will…

The Central Bank of Nigeria (CBN) is at a crossroads, deciding whether to continue raising the benchmark interest rate or…

Nigeria’s foreign exchange reserves have shown a steady recovery, adding $195.01 million to reach $32.64 billion by the end of…

Iranian President Ebrahim Raisi died in a helicopter crash, according to the Islamic Republic News Agency. The accident occurred while…

The Central Bank of Nigeria (CBN) has retracted its directive that mandated banks and payment service providers (PSPs) to collect…

The African Export-Import Bank (Afreximbank) has released its financial results for the first quarter of 2024. Net Interest Income increased…

MTN Nigeria’s CEO, Karl Toriola, has defended the remuneration of the company’s Board of Directors despite the tough economic climate.…

TAJBank Limited, known for its rapid growth in non-interest banking services, has been awarded the “Best Islamic Bank in Nigeria…

The Registrar General of the Corporate Affairs Commission (CAC), Hussaini Magaji (SAN), revealed that only 20% of registered entities in…

U.S. factory production saw an unexpected decline in April, primarily due to a drop in motor vehicle output. According to…

China’s industrial output grew by 6.7% year-on-year in April, showing a significant rise from the 4.5% growth in March. This…

Nigeria has become Indonesia’s top investment destination in Africa, surpassing South Africa, with a trade balance exceeding $4.7 billion in…