Finance & Economy
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Fidelity Bank Plc Reports N34.96bn PAT in Q3 2022 Unaudited Results
Key Highlights Revenue grew by 38.7% from N174.35bn to N241.89bn.Profit before tax stood at N37.79bnProfit after tax stood at N34.96bnShare…
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FBN Holdings Plc Declares N91.29bn PAT in Q3 2023 Results
Key Highlights Interest Income grew by 42.4% from N260.12bn to N370.36bn.Profit before tax stood at N105.49bnProfit after tax stood at…
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CBN’s Currency Redesign and The Cobra Effect
The Central Bank of Nigeria (CBN) announced that new designs of stashedN100, N200, N500, and N1,000 banknotes would be…
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Nigeria Changes 50% of Currency Denominations
The Central Bank of Nigeria has announced a programme for the change of & design of four of the eight…
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Investors Lose N127.78bn as NGXASI Declines by 0.52%
Nigerian Equities Market closed negative as the key market indicator declined by 234.60bps amid positive market breadth The NGX All-Share…
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Zenith Bank Plc Reports N174.33bn PAT in Q3 2022 Results
Key Highlights Gross Earnings grew by 19.6% from N518.67bn to N620.57bn.Profit before tax stood at N202.55bnProfit after tax stood at…
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Currency Management Has Faced Several Daunting Challenges – CBN
Good afternoon Ladies and Gentlemen, and welcome to this special press briefing of the Bank. We have called this…
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No Respite for Inflation as Floods Limit Food Supply
The recent heaving flooding across most parts of Nigeria remains a critical factor that will drive food inflation numbers for…
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Zainab Ahmed: Falling oil revenue, petrol subsidy affecting full implementation of 2022 budget
Zainab Ahmed, minister of finance, budget and national planning, says oil revenue shortfall and petrol subsidy deductions are challenging the…
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Moody’s Downgrades the Long-term Ratings of Nine Nigerian Banks to B3 from B2, Places Ratings on Review for Further Downgrade
Rating action follows the downgrade of the sovereign rating to B3 from B2, and the placement of the government rating…
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