The Nigerian currency, the naira, slumped slightly against the American dollar on Friday June 7, 2024 to trade at N1,483/$1, data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) has
Read MoreThe International Monetary Fund (IMF) has projected Nigeria’s economy to rise to at least $1.85 trillion in terms of Purchasing Power Parity (PPP) by 2029. PPP is a metric used
Read MoreThis ruling comes after the tribunal had previously barred Multichoice from increasing the prices of its subscription packages. A three-man panel led by Justice Thomas Okosu delivered the rulings. “The
Read MoreThis year marks 22 years since two young Nigerian bankers – Aigboje Aig-Imoukhuede and Herbert Wigwe – bought a small, nondescript bank and turned it into one of the biggest
Read MorePress Release 5 June 2024: Lagos, Nigeria: Fidelity Bank Plc (“Fidelity Bank” or the “Bank”) has concluded all necessary arrangements to raise a total of up to ₦127,100,000,000.00 (One Hundred
Read MoreDespite constant denials that it was no longer subsidizing fuel, the Nigerian government has finally admitted that fuel subsidy will gulp N5trillion in 2024. This figure is a sharp increase
Read MoreInternational credit rating agency, Fitch Ratings, has projected that the Nigerian currency, the naira, will end the year at 1,450 to the United States of American dollar. This was disclosed
Read MoreThe Central Bank of Nigeria (CBN), Monday revoked the banking licence of Heritage Bank Plc with immediate effect. A statement by the Ag. Director, Corporate Communications of the Apex bank,
Read MoreInvestors in Fidelity Bank Plc have earned more than 507 per cent in capital gains over the past five years, ranking above all other major return benchmarks at the Nigerian
Read MoreThe Central Bank of Nigeria (CBN) has lifted the freeze order on the bank accounts of Belfour Oil and Gas Limited and about 139 others, This follows the discontinuation and
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