News
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Seplat Energy Plc Reports N33.86bn PAT in Q3’22 Results, Proposes $2.5cents Interim Dividend; (SP: N1200.00k)
Key Highlights Revenue grew by 41.6% from N182.68bn to N258.72bn.Profit before tax stood at N77.47bnProfit after tax stood at N33.86bnShare…
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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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CBN Set to Introduce Redesigned N200, N500, and N1000 Notes
Numerous media platforms have reported that the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has announced that…
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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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Oil steadies amid fears over Chinese demand, record U.S. exports
Storage tanks are seen at the Petroineos Ineos petrol refinery in Lavera, France, March 29, 2022. REUTERS/Benoit Tessier Summary Dollar…
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Cooking gas price increases by 61%
· The price of 12.5kg of cooking gas rose by 61 per cent to N9,906 in September 2022 from…
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CBN Issues Exposure Draft of the Guidelines for Contactless Payments in Nigeria
The Central Bank of Nigeria, in furtherance of its efforts to standardise operations in the payments system, while encouraging the…
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