Category : Finance

FirstBank has emerged multiple-award winner at the 2024 Asian Banker Global Excellence Retail Awards. The bank won the Best SME Bank in Africa and Best...

Financial technology platform, PalmPay, has resumed onboarding of customers, following lifting of the ban imposed on it by the Central Bank of Nigeria, CBN, The...

The Central Bank of Nigeria, CBN, has revoked the operating licence of Heritage Bank. The Acting Director, Corporate Communications, CBN, Hakama Sidi Ali, disclosed this in...

Commenting on the award, the Group Managing Director/Chief Executive Officer of Zenith Bank, Dame (Dr.) Adaora Umeoji, OON, said: “We are deeply honoured to be...

Parallell (Black) Market Rates – NGN/USD/GBP/EUR Date Naira/Dollar (NGN/USD)Buy/Sell Naira/Pound (NGN/GBP)Buy/Sell Naira/Euro (NGN/EUR)Buy/Sell May 31, 2024 1475 / 1485 1830 / 1880 1520 / 1570...

Shareholders of Central Securities Clearing System (CSCS) Plc have approved payment of N7.5 billion as cash dividends for the 2023 business year. Shareholders will receive a dividend...

Central Bank of NigeriaMONETARY POLICY COMMUNIQUE NO.152Date: Tuesday, 21 May 2024Ref: CBN/MPC/COM/152/295 MONETARY POLICY RATE HIKED TO 26.25 PER CENTThe Monetary Policy Committee (MPC) of...

Analysts have projected that the Monetary Policy Committee of the Central Bank of Nigeria, which commenced its third meeting of the year on Monday, is...

The Central Bank of Nigeria (CBN) has withdrawn its circular mandating banks and payment service providers to collect and remit the cybersecurity levy as proposed...

Companies listed on the Nigerian Exchange (NGX) have declared total dividend payouts exceeding N1.5 trillion for the fiscal year 2023. This marks the highest dividend...

The Federal Government has listed its April 2024 Savings Bonds valued at N4.21bn on the Nigerian Exchange Limited. This was disclosed in the market bulletin...

TotalEnergies Nigeria has launched the 2024 edition of its Startuppers challenge with each winner getting N8 million to   support its   business in Nigeria and the African...

Since 2023, the business landscape has been turbulent, characterized by macroeconomic challenges of heightened inflation, fluctuating interest rates, and volatile exchange rates. As a result,...

Card payment company, Mastercard has vowed to help Nigeria expand the volume of cross-border remittances in Africa to bring the country’s economy close to global...

Access Pensions has announced a 70 per cent appreciation in revenue to N12.3bn in 2023. This was disclosed in the company’s audited annual results of...

The Central Bank of Nigeria has ordered banks operating in the country to start charging a cybersecurity levy on transactions. A circular from the apex...

Lafarge Africa Plc, a leading innovative and sustainable building solutions company has announced the successful conclusion of its 65th Annual General Meeting (AGM) held recently in Lagos. The AGM...

FCMB Group Plc announced impressive first-quarter 2024 financial results, with profit before tax rising 192.6% Year-on-Year to N31.3 billion compared to N10.7 billion in the same...

Zenith Bank Plc has announced its unaudited results for the first quarter ended 31st March 2024, with an impressive triple-digit growth of 189% in Gross Earnings,...

Afrimedical Manufacturing and Supplies Limited, a syringe manufacturing company, says it has emerged as the Best Syringe Company at the Medic West Africa 2024 Exhibition....

Parallell (Black) Market Rates – NGN/USD/GBP/EUR Date Naira/Dollar (NGN/USD) Buy/Sell Naira/Pound (NGN/GBP) Buy/Sell Naira/Euro (NGN/EUR) Buy/Sell April 30, 2024 1340 / 1350 1570 / 1620...

Some bank customers have expressed panic as the Central Bank of Nigeria bans mobile money operators including fintech firms from onboarding new customers. However, the...

Some experts have said that leveraging financial technology to promote financial inclusion could lift millions of Nigerians out of poverty. This was asserted at the...

The Debt Management Office (DMO) managed to sell Treasury Bills (T.bills) totaling N2.669 trillion through its auctions held in March 2024. This was contained in...

Recent dividend announcements by major Nigerian banks have highlighted a complex interplay between shareholder returns and Central Bank of Nigeria (CBN)’s recapitalization requirements. Despite the...

Dreamworks Integrated Systems, a provider of information and communications technology solutions, has unveiled a new logo and tech walk to celebrate its 20th anniversary. According...

Dangote Petroleum Refinery on Tuesday announced a further reduction in the prices of both diesel and aviation fuel to N940, and N980 per litre respectively....

The Commissioner of Finance, Lagos State, Abayomi Oluyomi, has described Small and medium Enterprises as a critical engine for sustainable development in any economy. He...

The directors of Fidelity Bank have proposed a final dividend payout of 60 kobo per share to shareholders for the 2023 financial year. This is...