Finance & Economy
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Investors Lose N516.69bn as NGXASI Dips by 1.86%
Nigerian Equities Market closed on a negative note as the bears continue to dominate trading activities amid intense sell pressure.…
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Zenith Bank Retains Position as Number One Bank in Nigeria by Tier-1 Capital in the 2022 Top 1000 World Banks Ranking
Zenith Bank Plc has been ranked as the Number One Bank in Nigeria by Tier-1 Capital in the 2022 Top 1000…
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CBN MPR Hike; Of Big Issues and Bigger Headaches
With uncertainty and anxiety ruling global money markets, given the backdrop of historical inflation rate increases and tight monetary policy…
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Proshare Queries Tier 1 banks Classifications, urges CBN to Reshuffle the Card Deck
As research indicates that banks like Stanbic IBTC and Fidelity Bank should qualify for the top-tier classification Although Nigeria’s Central…
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Unilever Nigeria Plc Declares N1.91bn PAT in Q2 2022 Unaudited Results
Unilever Nigeria Plc released its Q2 2022 Unaudited results for the period ended June 30th 2022. Key Highlights Revenue grew by 11.9% from N39.15bn to N43.81bn.Profit before tax stood at N2.98bnProfit after…
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CBN clarifies warning on criminal currency conversion
The Central Bank of Nigeria (CBN) on Thursday explained that the statement made by the Governor, Godwin Emefiele, at the…
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Debt servicing now surpasses revenue by N310bn
The cost of servicing debt surpassed the federal government’s retained revenue by N310 billion in the first four months of…
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Fitch Upgrades Fidelity Bank to ‘B’; Outlook Stable
Fitch Ratings has upgraded Fidelity Bank Plc’s Long-Term Issuer Default Rating (IDR) to ‘B’ from ‘B-‘. The Outlook is Stable.…
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2022 Half Year Review and Outlook – Navigating Through the Global Economic Disruptions
The audacity of hopes that the global economy will continue to gravitate towards a sustainable growth path after the inimical…
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CBN MPC Raises MPR to 14% at the End of July 2022 MPC Meeting
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has today concluded its two-day meeting in July 2022. …
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