-
Finance & Economy
Foreign investors still wary as Cardoso pitches for hot money inflows
Data from the Nigerian Exchange (NGX) reveals that foreign participation in the Nigerian equities market dropped to 8.15% in January…
Read More » -
Finance & Economy
Currency in Circulation up 163% YoY Reaching N3.65trn as of January 2024
Money Supply statistics from the Central Bank of Nigeria (CBN) as of January 2024 revealed that currency in circulation (CIC)…
Read More » -
Finance & Economy
Extending Beyond Wall Street: Abuse of Shareholder Jets by African Bank Executives
While most of the spotlight remains on North American and European financial giants, executives at leading African banks and funds…
Read More » -
Finance & Economy
CBN Revokes Operational Licenses of 4,173 BDCs
The Central Bank of Nigeria (CBN), in exercise of the powers conferred on it under the Bank and Other Financial…
Read More » -
News
MTN Nigeria incurs N740 billion in forex losses, shareholders funds wiped out
MTN Nigeria Plc has reported a loss before tax of N177.8 billion compared to a pre-tax profit of N518.8 billion…
Read More » -
News
Dangote Cement Hits N11trn Market CAP; Airtel, Others Retain N1trn Market CAP
The number of quoted companies with over N1trn market capitalisation on the NGX stood at ten (10) as of…
Read More » -
News
N10bn Money Laundering: Court Upholds EFCC’s Amended Charges Against Ex-Gov Bello’s Nephew, Other
Justice James Omotosho of the Federal High Court sitting in Abuja on February 23, 2024 overruled a motion on notice…
Read More » -
Finance & Economy
Binance disables the naira feature on its P2P market
Binance, a widely used crypt exchange with over 170 million users worldwide disabled its peer-to-peer feature for Nigerian users. Known…
Read More » -
News
Two senior executives at Binance have been detained in Nigeria.
According to Financial Times (FT), a UK-based business news outlet, the passports of the unnamed Binance executives were seized. FT…
Read More » -
Finance & Economy
CBN Raises MPR to 22.75% and CRR to 45% Post February 2024 MPC Meeting
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has today concluded its two-day meeting for February 2024. This meeting marks…
Read More »