Airtel Africa to pay N276 billion total dividend for 2023, chooses N1,485.99 as exchange rate for final dividen
Airtel Africa is set to pay a total dividend of N276 billion ($224 million) for the fiscal year ending March…
Day: June 6, 2024
Mansard’s 704% profit surge masks core operational concerns
Despite a staggering 704% increase in pre-tax profits, a closer look reveals a need for improvement in core business operations…
Relief for households as cooking gas price falls to N900/kg
Households in Nigeria are celebrating a significant decrease in the price of Liquefied Petroleum Gas (LPG), also known as cooking…
Heritage Bank Depositors to Get Money Back Within a Week
The Nigerian Deposit Insurance Corporation (NDIC) has begun the process of reimbursing depositors of Heritage Bank, whose license was revoked…
FG Considers Duty Suspension and VAT Cuts to Fight Inflation
In an effort to combat inflation, the Nigerian government is proposing a six-month suspension of import duties on essential goods.…
Atiku Tackles Tinubu As FG Projects N5.4trn For Fuel Subsidy In 2024
Former Vice President Atiku Abubakar has accused President Bola Ahmed Tinubu of misleading Nigerians about the administration’s stance on petrol…
FCMB Secures $15m Trade Finance Facility with ITFC
First City Monument Bank (FCMB) has entered into a $15 million Master Murabaha Agreement with the International Islamic Trade Finance…
Fidelity Bank goes for N127.1bn capital raise
In response to the Central Bank of Nigeria’s revised minimum capital requirements for commercial banks introduced in March 2024, Fidelity…
FG Plans N6.6 Trillion Supplementary Budget under ASAP
The Federal Government is preparing to seek approval from the National Assembly for a N6.6 trillion supplementary budget to fund…
Nigeria’s current account balance exceeds $1.432bn, says IMF
Nigeria’s current account balance has achieved a surplus of $1.432 billion in 2024, an improvement from the $1.21 billion surplus…
Oil price drops below budget benchmark, as output stagnates
Nigeria’s 2024 national budget is under significant funding pressure due to a sustained decline in oil prices and stagnant crude…
Fidelity Bank Plc undertakes a N29.6bn Rights Issue and N97.5bn public offer
Fidelity Bank Plc is set to raise up to N127.1 billion via a Rights Issue and Public Offer, as part…
Investors shun 182-day T-Bills, flock to 364-day bills with N677 billion subscriptions
The latest Nigerian Treasury Bill auction on June 5th, 2024 revealed a strong preference for longer-term investments. Investors heavily subscribed…