CATEGORY
Markets
Nigerian Banks Show Resilience as Profit Surges to N3.03trn
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Nigerian banks reported a big jump in Full Year 2023 earnings as the largest lenders gained from foreign exchange revaluation gains as well as...
Here’s Why Dangote Cement is Marching Ahead of the Industry
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Despite a myriad of challenges bedeviling the manufacturing sector, Dangote Cement stands out as it continues to retain its position as the most cost...
Zenith Bank Reports 198% Profit Growth to N676.9bn in FY 2023
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Zenith Bank has reported a 198% growth in profit after tax to N676.91bn from N223.91bn in 2022 on the back of significant increases in...
Listed Manufacturers’ Production Costs Hit N6.21trn on Energy crisis, Imported Inflation
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The largest listed manufacturers in Africa’s most populous nation are choking on the huge cost of production brought on by the energy crisis and...
Geregu Power 307% Profit Growth in Q1 a Catalyst For Much Higher Share Price
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Geregu Power has become the first NGX listed company to release First Quarter (Q1), 2024 financial results, with the recorded 307.5% profit growth a...
UBA 2023 Gross Earnings Rises 143% as Profit Hits N757.7bn
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In another unprecedented performance, Africa’s Global Bank, United Bank for Africa (UBA) Plc, has released its audited financial results for the full year ended...
Zeepay Raises Equity From Africa50 and Leading Institutions to Support Expansion
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Ghanaian fintech company Zeepay Ghana Ltd today announced the completion of an equity investment by pan-African investment firms Africa50, Oikocredit, Injaro, Verdant Capital Hybrid...
Stanbic IBTC to Raise N138.0bn to Plug Capital Shortfall For National Banking License
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Stanbic IBTC Holdings Plc management has said it is confident it will conveniently raise the N138 billion in capital shortfall for its national banking...
CBN Bans Forex Collateral on Naira Loans, Sells Dollars to BDC’s at N1,101/$
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The central bank on Monday offered to sell dollars to the country’s bureaux de change (BDC's) at the highest level since the naira was...
Court Sends Binance Executive to Prison Ahead of Trial in May
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A Binance Holdings Ltd. executive detained for more than 40 days in Nigeria after being invited by the government and then charged with tax...