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Finance
EFCC Condemns Corruption in Power Sector Urges Stronger Asset Recovery Action
The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has underscored the…
Pensioners relish in new narrative for pension administration
The management of Nigeria's Defined Benefits Scheme (DBS), commonly referred to as the "old pension scheme," was…
Guinea Insurance Achieves Strong Growth in Revenue and Profit Through Strategic…
Guinea Insurance Plc reported significant financial growth for 2023, with revenue rising by 49.4% to N2.077…
PenCom Targets Self-Employed Professionals with Enhanced Micro Pension Scheme
The National Pension Commission (PenCom) has announced plans to expand and promote its micro pension initiative…
NSITF Disburses N6.6 Billion in Compensation and Expands Employee Welfare Coverage…
The Nigeria Social Insurance Trust Fund (NSITF) has allocated N6.6 billion to cover claims and compensation for…
Stock market posts N83bn gain on positive trading
The Nigerian Exchange Limited (NGX) closed Monday in positive territory, gaining N83 billion in market…
FX Scarcity Weighed Down Nigeria’s Ranking in Africa Financial Markets Index 2024
Nigeria secured third place in the 2024 Absa Africa Financial Markets Index (AFMI) with an overall score of 64,…
Proposed Tax Reforms Exempt Minimum Wage Earners From PAYE
In a significant shift, Nigerian workers earning the new minimum wage or slightly above will be exempt from…
Exchange rate to hit N1.993/$ by 2028 — Fitch
Fitch Solutions projects a significant depreciation of Nigeria’s naira, forecasting it could fall to N1,993 per US…
Money supply rises to N108.95 trillion
The Central Bank of Nigeria (CBN) has reported a significant year-on-year increase in broad money supply (M3) by…
FIRS Chief Highlights Taxpayer-Friendly Reforms at Lagos Trade Fair
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, emphasized the agency’s…
Stock market end in slight load shed
Nigeria’s stock market closed in the negative at the end of the week, with the Nigerian Exchange (NGX) All Share…
Africhange Secures IMTO License to Boost Remittance Services in Nigeria
Africhange, a leading cross-border remittance service, announced that its Nigerian subsidiary, Currenzo, has…
Nigeria Inflation Expected to Remain High Amid Rising Costs
Nigeria’s inflation rate is projected to remain elevated, with October inflation anticipated to reach 33.10%,…
Banks free to trade with deposited FX – CBN
The Central Bank of Nigeria (CBN) has released guidelines for banks to implement a new foreign exchange deposit…
Global Markets React as Trump Election Victory Boosts US Stocks and Cryptos
Financial markets worldwide responded variably to Donald Trump’s victory in the U.S. presidential election. Asia,…
FBN Holdings Shares Surge as Rights Issue Launches to Bolster Capital Base
FBN Holdings’ share price rose by 1.65% on the Nigerian Exchange Limited (NGX) on Wednesday, closing at N27.65 its…
AIICO Insurance Urges Collaboration to Strengthen Nigeria’s Agricultural Sector
AIICO Insurance Plc has emphasized the importance of collaboration among stakeholders to advance Nigeria's…
Zenith Bank Completes Major IT Upgrade to Boost Customer Experience and Digital…
Zenith Bank Plc has announced the completion of a comprehensive IT infrastructure upgrade aimed at enhancing…
Nigeria’s Fiscal Deficit Hits N4.53 Trillion in Q2 2024 as Spending Outpaces…
Nigeria's fiscal deficit reached N4.53 trillion in the second quarter of 2024, up from N3.88 trillion in the first…
NGX Halts Six-Day Losing Streak with N131 Billion Gain
The Nigerian Exchange Limited (NGX) saw a positive turnaround yesterday, with its market capitalization rising by…
FG urged to stop tax reforms move
Tax consultant Adebisi Oderinde, CEO of AOC-Adebisi Oderinde & Co, has urged Nigerian President Bola Tinubu to…
Nigerian Banks Defy Predictions as Non-Performing Loans Remain Stable in 2024
Against Fitch's prediction that Nigerian banks’ Non-Performing Loan (NPL) ratios would rise in 2024, ten major…
Fiducia Harps on SMEs Supply Chain Finance to Drive Economic Growth
Fiducia Data Services Limited has unveiled its initiative to close the financing gap for Small and Medium…
Nigerian Court Issues Arrest Warrant for Dana Air Managing Director Over Fraud…
A Federal High Court in Abuja has ordered the arrest of Hathiramani Ranesh, the Managing Director of Dana Air, due…
Cash Scarcity in Kano State Impacts on Residents and Businesses
Residents and Point of Sale (POS) operators in Kano State are expressing deep concern over a persistent cash…
Naira appreciates to N1,725/$ in parallel market
The Naira saw a slight appreciation in the parallel market on Monday, rising to N1,725 per dollar from N1,735 last…
Petrol Price: Marketers set to import cheaper products
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has emphasized its intention to…
Nigeria’s economy on new investments threshold
The Nigerian Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, expressed confidence…
Nigerian Shippers’ Council Saves N40 Billion and Aims for $10 Billion Investment
The Nigerian Shippers’ Council (NSC) announced significant economic savings of over N40 billion in the past year,…