Why Banks Can’t Pay Dividends from FX Revaluation Gains – CBN
Techeconomy The Central Bank of Nigeria (CBN) has warned that banks operating in the country cannot use their foreign…
Finance
Manufacturing, ICT, Rank High as VAT Revenue Increases by N1.2trn Q4 2023
Data from the Nigeria Bureau of Statistics (NBS), as revealed that manufacturing, information and communication, mining as the…
Why Low FDI, Mass Exodus of Companies Persist in Nigeria
The Economic Intelligence Unit, an international business research fire has listed, corruption, cronyism, rampant insecurity and a giant…
NGX Gains N273bn on Wednesday
The domestic equity market on Wednesday continued trading on a positive note, with the bulls at the driver’s…
JPMorgan, Goldman Sachs, Others to Guide FGN in Fresh Eurobond Issuance
The Federal Government of Nigeria (GBN) has enlisted the expertise of leading global investment banks, including Citibank NA,…
UBA, MTN, Access Corporation Drive NGX, as Market Cap Hits 58tn
Trading on the floor of Nigeria Exchange on Tuesday was driven by buying interest in United Bank of…
Goldman Sachs to Expand Private Credit Portfolio to $300bln in Five Years
Goldman Sachs Asset Management, a unit of Goldman Sachs Group, aims to expand its private credit portfolio to…
CBN to Sanction MfBs for Failure to File Monthly Returns
The Central Bank of Nigeria (CBN), has urged all Microfinance Banks (MfBs) to ensure prompt rendition of statutory…
Women-led SMEs Receive 60% of DBN’s N700bn Disbursed Funds – Okpanachi
Mr Tony Okpanachi, the managing director of Development Bank of Nigeria (DBN), has stated that women have enjoyed…
Nigeria’s External Reserves Hit 8-month High at $34.11bn
Nigeria’s external reserves surged $993 million reaching eight-month high of $34.11bn, according to a recent data released by…
EIU Raises Nigeria’s 2024 Economic Growth Forecast to 2.5%
The Economist Intelligence Unit (EIU) at the weekend revised Nigeria’s 2024 economic growth forecast figures from 2.2 per…
NairaWatch: Nigeria’s Currency Close at N1,600/$1 in Official Market
The Naira closed at N1,602.17/$1, a 0.22% improvement from N1,605.74/$1 on the prior day. However, the Naira lost…
MTN, Dangsugar, Transpower Drive N412bn Gain on NGX
The Nigerian equities market on Thursday closed in a positive territory as the gains recorded in MTN Nigeria,…
Nedbank Taking Financial Literacy to Campus with X-week
Nedbank continues its drive to bring vital financial literacy and money management tools to South Africa’s youth with…
Nigeria Recorded $30bn Foreign Direct Investments in Nine Months, Tinubu Claims
President Bola Tinubu has said his nine-month-old administration attracted $30 billion Foreign Direct Investments (FDI) commitments to shore…