News
-
CBN Approves ProvidusBank, Unity Bank Merger
The Central Bank of Nigeria,CBN, has approved the proposed merger of Providus Bank and Unity Bank of Nigeria. This was…
Read More » -
Federal Government’s Power Subsidy Soars by 151% to N633.30bn
The electricity subsidy obligation of the federal government rose from N252.76 billion in the last quarter of 2023 to N633.30…
Read More » -
PoS Takes Over Cash Dispensing Services As Cash Dries In ATMs
With most Automated Teller Machines (ATMs) of banks not dispensing cash, most bank customers have resorted to use of mobile…
Read More » -
Retail investors may shun bank stocks after N1.6tn loss
Banking stocks listed on the Nigerian Exchange have lost about N1.62tn in their market capitalisation since the Central Bank of…
Read More » -
The Pains of A Windfall Tax: Appraising the NASS’s Financial Act Amendment
The power to tax is the power to destroy. – John Marshall Outline Preamble – The new Finance Bill Amendment and…
Read More » -
Strong Potential Upside Despite Cuts to Earnings Forecasts
FCMB Group’s (FCMB) Q2 2024 earnings aligned with our forecasts. Nevertheless, we have cut our FY ’24-25f EPS forecasts by…
Read More » -
Investors Lost N92.73bn as NGXASI Declined by 0.17%; BDC Rate Appreciated to N1,596/USD
1. EQUITIES MARKET 1.1 NGX – Listed Equities The Nigerian stock market opened the week on a negative note, reversing the…
Read More » -
Hardship: States get N570bn grant
The Federal Government has released N570bn to the 36 states to expand livelihood support to their citizens, President Bola Tinubu…
Read More » -
Despite the internal and external difficulties
No doubt , the true competitive position of First Bank Nigeria Holdings, FBNH, is still largely controversial for those not…
Read More » -
Two Fraudsters Bag Jail Terms in Gombe
Justice A.Y Yakubu of Gombe State High Court sitting in Gombe , Gombe State on July 31, 2024 convicted and…
Read More »