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Nigeria’s Mega Banks Deliver Profit Growth as Yields Rise

Nigeria’s mega banks reported profit growth of at least 8.12 percent in the first quarter, fueled by the gradual improvement in yield environment, trading/revaluation...

Manufacturers Obligation to Suppliers Surge on Dollar Crunch

Manufacturers’ obligation to suppliers of inventories used to meet production are piling on the back of dollar scarcity as the energy crisis and the...

US Weapons for Ukraine Disappearing into ‘Black Hole’ – CNN

The US government is scrambling to trace large quantities of “lethal aid” transferred to Ukraine’s armed forces in recent months, officials have allegedly leaked to CNN, noting...

Banks Underperform as NGX 30 Profit Rises 32.43% to N2.05trillion

For the first time in over a decade, the majority of banks are at the bottom of the NGX 30 Index profit growth pyramid...

Dangote Cement Could Revive Asian Expansion Plans With Ambuja Acquisition

Dangote Cement, Africa’s largest manufacturer of the building material has never hidden its ambitions to be a global player, meaning it may be able...

Why you Should Buy MTN Stock Now, Even if it’s Just 10 Shares

Ten shares of MTN Nigeria (MTNN), is worth about N2,130 today as MTNN trades at around N213 per share. If that is all anyone...

Fidelity Bank Insiders Withdrew Deposits as Their Loan Exposure Rose

Data about related party transactions in respect of entities controlled by Key insiders and Management Personnel shows that Fidelity Bank Insiders reduced their deposits...

Sky High Diesel Prices to Balloon Nigerian Banks Operating Expenses

The energy crisis as evidenced by the skyrocketing price of diesel oil will further balloon  Nigerian banks operating expenses, forcing them to embark on...

GTCO is Most Efficient Bank With 42.28% Cost to Income Ratio

Guaranty Trust Holding Company (GTCO) Plc is the most efficient bank in Nigeria as it has the lowest cost to income ratio among peer...

Nigeria Insurers Capacity to Underwrite New Policies Decreasing

The capacity of Nigeria Insurers to underwrite new policies is decreasing because while premiums are increasing there is not a corresponding rise in policy...

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