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Markets

Nigerian Banks Face Capital Pressures on CBN Currency Devaluation

Nigerian banks may have to boost their capital as a result of the steep devaluation of the exchange rate, following a move by the...

What it Means For You as CBN Devalues Naira on I&E Window

The Central Bank of Nigeria (CBN) is now allowing banks to freely trade Foreign Exchange (FX) on the Investors and Exporters FX Window, by...

Tinubu Advised to Sell NNPC Assets, Refineries to Raise $17bn

A sale of NNPC's assets would earn $17 billion over a decade, and help newly elected Nigerian President Bola Tinubu meet an ambitious campaign...

Nigerian Banking Index Surges 8.76% as Investors Cheer Emefiele’s Ouster

Nigerian Banks led the gainers charts in today's trading with bellwether bank stock Guaranty Trust Holding Company (GTCO), surging limit up 10% to N30.80...

Funfair, Excitement As Thousands Throng Ecobank Adire Lagos Experience

...we are promoting adire to support SMEs to play in AfCFTA, boost tourism and culture on the continent - Ecobank  It was a beehive of...

Zenith Grows Even Bigger as Big Banks Widen Gap on Profitability, Total Asset

The goliaths of Nigerian banking are getting bigger, fatter, and more prosperous than the small ones in profitability, revenue, and total assets as customer...

Nigeria Targets Single FX Rate After CBN Governor Suspension

Nigeria’s dollar debt surged after the surprise weekend ouster of the central bank chief, and as fresh comments on merging multiple exchange rates added...

Petrol Subsidy Removal: I feel Your Pain, Tinubu Tells Nigerians

President Bola Tinubu says he feel with the pain of Nigerians following the removal of petrol subsidy on May 29. The President made the declaration...

FBN Holdings Records Fastest Earnings Expansion Among Peers

FBH Holdings (FBNH) Plc is gradually regaining its position as best lender in Africa’s largest economy as it earned reasonable return on capital employed,...

Nigeria’s Securities and Exchange Commission Halts Binance Operations

Nigeria’s securities authority has reportedly deemed the  operations of cryptocurrency exchange Binance illegal, just days after Binance was sued by the United States Securities and Exchange...

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