Coronation Insurance declares N2.2bn profit
Coronation Insurance Group has reported a profit before tax of N2.2 billion for the financial year ending December…
Minority shareholders rally behind UBA’s N239bn rights issue
United Bank for Africa (UBA) Plc has launched a N239.4 billion rights issue, offering existing shareholders 6.84…
Banks raise withdrawal limit to N50,000
Deposit Money Banks in the Federal Capital Territory have increased their maximum over-the-counter daily…
African Alliance Insurance pays N780m to annuitants
African Alliance Insurance Plc has disbursed N780 million to annuitants under its new interim management. The…
20 New Millionaires To Emerge In FCMB Promo
First City Monument Bank (FCMB) has unveiled the 10th season of its renowned “Millionaire Promo,” a nationwide…
Foreign Holdings Drop $13bn On Naira Slump And Corporate Exits
Nigeria’s foreign direct investment (FDI) inward stock experienced a sharp decline, dropping from $86.2 billion in…
FG engages three US lenders for $2.2bn Eurobonds
Nigeria has re-entered the global capital markets after a two-year hiatus, issuing $2.2 billion in Eurobonds to…
Wema Bank awards N145m to outstanding innovators
Wema Bank has successfully concluded the 5th edition of its Hackaholics initiative, awarding N145 million to seven…
Dangote Cement Becomes Most Capitalized Stock on NGX
Dangote Cement has surpassed Airtel Africa and 11 other companies to become the most capitalized stock on the…
Asia and Europe stocks climb on the US lead while dollar dips
Asian and European stock markets saw strong gains on December 3, following a rally in US tech stocks that pushed…
Euro Steadies as France Political Crisis Worsens Investor Concerns
The euro stabilized on Tuesday, recovering slightly after political turmoil in France heightened market…
Forex Turnover in NAFEM Jumps 62 Percent to $43 Billion Amid Naira’s Mixed…
The Nigerian Foreign Exchange Market (NAFEM) recorded a 61.9% year-on-year increase in dollar turnover, reaching…
System liquidity hits N518.9bn in November
System liquidity in Nigeria rebounded to a surplus of N518.9 billion in November 2024, up from a deficit of N207.6…
Coronation Insurance reports N2.2bn profit highlights digital transformation
Coronation Insurance Plc has announced a profit before tax of N2.2 billion for the financial year ending 2023, a…
FCMB Millionaire Promo Set to Reward 20 Customers Nationwide
First City Monument Bank has launched the 10th edition of its ‘Millionaire Promo,’ designed to reward and empower…
SEC Guarantees Safety Of Fintech Investors’ Funds
The Securities and Exchange Commission (SEC) has reaffirmed its commitment to safeguarding investors’ funds,…
Experts Advocate Green Building For Sustainable Financing—Ecobank Expo
At the Ecobank Design and Build Expo in Lagos, industry leaders stressed the importance of adopting green building…
Nigeria’s insurance market’s premium hits N813.1b
Nigeria’s insurance industry achieved a significant milestone with Gross Premium Written (GPW) reaching N813.1…
Norway Wealth Fund to Probe Shoe Producers and Crypto Firms for Ethical Breaches…
Norway's $1.8 trillion sovereign wealth fund, the world’s largest, will investigate ethical concerns surrounding…
Marketers Divided Over Advance Payment Policy by Dangote Refinery
Oil marketers in Nigeria have voiced differing opinions regarding a new policy by Dangote Refinery requiring…
Singapore Central Bank Fines JPMorgan Over Misconduct by Relationship Managers
Singapore's Monetary Authority (MAS) has fined JPMorgan Chase S$2.4 million (USD 1.79 million) for failing to…
Access Bank Drives Digital Transformation to Expand Financial Inclusion and…
Robert Giles, Senior Banking Advisor at Access Bank Plc, highlights the bank’s strides in digital innovation and…
FCCPC Engages GT Bank, MTN, Air Peace Over Possible Violation
The Federal Competition and Consumer Protection Commission (FCCPC) is set to address consumer complaints against…
Schneider Reiterates Commitment to Accelerate Data Centre Market
Schneider Electric has reaffirmed its dedication to expanding its presence in the data centre market across East…
CBN’s interest rate hike deflates stock market performance
The Nigerian Exchange Limited (NGX) closed last week on a negative note, reflecting the impact of the Central Bank…
NASD seeks compliance with SEC’s rule on trading unlisted securities
The NASD OTC Exchange has called on public limited companies to adhere to a Securities and Exchange Commission…
Bitcoin Faces Volatility as Traders Hedge Against Decline
Bitcoin's recent failure to surpass the $100,000 milestone has prompted a wave of caution among investors,…
CBN Raises N11.29trn Via NTBs as 364-Day Yield Hit 23.5%
In 2024, the Central Bank of Nigeria (CBN) successfully raised N11.29 trillion through Nigerian Treasury Bills…
Euro’s bruising leaves global investors on edge
The euro has dropped by over 3% against the U.S. dollar in November, heading toward its worst month since early…
African countries pay 500% higher costs on global market debt – AfDB
African countries are enduring a 500% rise in debt servicing costs when borrowing from international markets,…