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Ecobank Collaborates With IITA to Train, Support 16,000 Youths on Wealth Creation Through Agriculture

Ecobank Nigeria Limited said it is partnering with the International Institute of Tropical Agriculture (IITA), to train and also provide support services to 16,000...

Cement Makers Profit Margins Shrink Despite Higher Sales

Cement makers whose top lines (revenue) growth have been driven by upward adjustment in the price of key products are able to deploy their...

Signature Becomes Third US Bank to Collapse in One Week

New York-based Signature Bank was shut down by US regulators on Sunday, becoming the third failure in the country’s banking industry in less than...

Soludo: CBN Has Directed Banks To Accept And Dispense Old Naira Notes

The Governor of Anambra State, Prof. Chukwuma Soludo has advised residents of the state to freely accept and transact businesses with the old N200,...

Aramco: Saudi State-Owned Oil Giant Sees Record Profit of $161bn

Saudi oil giant Aramco has announced a record profit of $161.1bn (£134bn) for 2022, helped by soaring energy prices and bigger volumes. It represents a...

MIRI Emerging Markets Fund Dumps 150,000 Shares of NGX

The MIRI Strategic Emerging Markets Fund LP has dumped 150,000 Shares in the Nigerian Exchange Group (NGX). The 150,000 shares were sold at N27.61 per...

MTN Nigeria Becomes First NGX Company to Report Over N1trn in EBITDA

MTN Nigeria (MTNN) Plc is the first NGX listed company to record over N1 trillion earnings before interest, taxation, depreciation and amortisation (EBITDA), as ...

CBN Stress Test Shows Banks Safe, Resilient as NPLs fall to 4.2%

The Banking System Stability Review Report of the Central Bank of Nigeria (CBN) has shown that Nigerian the banking system remains safe, sound, and...

Buy This Nigerian Cement Firm for Faster Capital Gains

Lafarge Africa, a producer of the building material, has a much more attractive stock valuation than its competitors as the Nigerian cement maker has...

USDC Depegs as Circle Confirms $3.3B Stuck With Silicon Valley Bank

Almost immediately after USD Coin (USDC) issuer Circle revealed it was not able to withdraw $3.3 billion of its $40 billion from Silicon Valley...

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