NGX banking index records 17.4% year-to-date growth
The Nigerian Exchange Limited (NGX) banking index has shown a strong growth of 17.38% year-to-date, reflecting the increasing value of…
Day: November 19, 2024
FBN Holdings Rebrands to First Holdco Plc
FBN Holdings Plc has officially rebranded to First Holdco Plc following shareholder approval at its 12th Annual General Meeting (AGM).…
Nigeria’s Investment Appetite Grows as Mutual Funds Rise 89.5% to N3.8trn
Nigerian investors’ preference for secure, high-yielding opportunities has driven the Net Asset Value (NAV) to N3.781 trillion in early November…
Investors’ Interest in Zenith Bank Boosts Nigerian Stock Market
The Nigerian stock market opened the week with a slight gain of 0.03%, fueled by renewed investor interest in Zenith…
Decline in Commercial Paper and Corporate Bond Issuances Amid Rising Borrowing Costs
In the first half of 2024, the Nigerian capital market saw a significant drop in commercial paper and corporate bond…
UK Urges Nigeria to Tackle Market Distortions by Government Agencies
The United Kingdom has called on Nigeria to accelerate its economic reforms, particularly by addressing market-distorting practices linked to state-owned…
Zenith Bank Tech Fair Showcases Future of Digital Finance and AI
The Fourth Edition of the Zenith Bank Tech Fair, themed “Future Forward 4.0: Embedded Finance, Cybersecurity & Growth Imperatives The…
Nigeria’s foreign debt servicing soars to N3.8trn in 8 months
Nigeria’s foreign debt servicing costs have risen sharply by 107.7%, reaching N3.8 trillion in just eight months, far exceeding the…
Nigeria’s Economy Stable and Ready for Investment
Nigeria’s Finance Minister, Wale Edun, has declared the country’s macroeconomic environment stable and conducive to investment. Speaking at the National…
Unity Bank Boosts Savings Culture with Financial Literacy App
Unity Bank Plc has unveiled plans to launch a financial literacy app targeted at children and teenagers to cultivate a…
Naira drops to 1690.37/$ as dollar supply falls
The naira fell 2.31% on Monday at the National Autonomous Foreign Exchange Market (NAFEM), closing at ₦1,690.37/$, down from ₦1,652.25/$…