Business

FCMB Group Plc announced impressive first-quarter 2024 financial results, with profit before tax rising 192.6% Year-on-Year to…

The management of Landmark Resort Beach says it has initiated the refund process for customers impacted by the recent demolition of portions of its properties by the Federal Government. According to a statement posted on…

Every year African nations lose a large chunk of their high-net-worth individuals to the warm embrace of emigration, a new report has shown. This is according to a recent report by Henley & Partners that shed light on…

As Nigerians battle fuel scarcity, over 9,000 oil marketers are on the verge of losing their operating licences. As a result, the Independent Petroleum Marketers Association of Nigeria is urging the Nigerian National…

The Federal Government has directed Deposit Money Banks to immediately begin the deduction of 0.375 per cent stamp duty charge on all mortgaged-backed loans and bonds. Mortgage-backed loans are loans extended by financial…

Oando Plc is struggling to stay afloat despite offloading several subsidiaries a few years ago. Since its shareholders’ equity turned negative in…

The naira, Thursday, fell to 1,402.11 per dollar, at the official foreign exchange (FX) market, from N1,390 quoted on Tuesday according to data by the FMDQ securities Exchange. On Monday, the naira fell to 1,419.11…

The Competition and Consumer Protection Tribunal in Abuja, has ordered that its interim order, restraining MultiChoice Nigeria Limited from increasing the DSTV tariff, be pasted at the firm’s corporate headquarters, or any…

The Federal Government may approve ExxonMobil’s asset sale to Seplat in less than two weeks if parties agree to two mutually exclusive options relating to decommissioning and host community rights, according to the…

Transnational Corporation Plc (“Transcorp” or the “Group”), Nigeria’s leading, listed conglomerate with investment in the Power, Hospitality, and Energy sectors, has announced impressive…

In line with its upward growth trajectory, leading financial institution, Fidelity Bank Plc, has posted an impressive 120.1% growth in Profit Before Tax from N17.9bn…

Exchange rate gains during the month of April led to a slowdown in inflation pressure, according to the Stanbic IBTC Nigeria Purchasing Managers Index (PMI) in the month of April. The country’s PMI in the month under…

Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), has said that government purchases of palliatives are a contributing factor to rising food prices in Nigeria. During the latest Monetary Policy Committee…

The Nigeria Deposit Insurance Corporation (NDIC) has increased deposit insurance coverage for all licensed deposit-taking financial institutions. NDIC Managing Director/Chief Executive Bello Hassan announced this at…

Amid the vibrant hustle at Iwo Road, Ibadan, 25-year-old Temi Okeowo paused at the entrance of a dental clinic, her heart beating with a mix of nervousness and excitement. Yesterday marked the beginning of her journey…

The International Criminal Police Organization for Africa (INTERPOL Africa) says they have completed the extradition papers for Nadeem Anjarwalla, Binance executive who fled detention in Nigeria. According to…

Guinness Nigeria Plc has improved its operating profit by 27 per cent to N2.21bn in the first quarter of 2024 despite N81bn foreign exchange loss. This was…

Grade 1 cocoa bean is now sold at the rate of N950,000 per 100 kilogramme (kg) bag in Taraba State. The current price of the commodity is the highest ever witnessed by cocoa farmers in the state. Daily Trust has…

…Record 4m inactive bank account Commercial banks in Nigeria closed 2.021 million bank accounts in the first quarter of 2024, Q1’24, to clean…

Chairman of Dangote Industries Limited, Aliko Dangote has said that the devaluation of Naira created the biggest mess for the company in 2023. Speaking…

For the year ended December 31, 2023, FCMB Group Plc grew deposits, loans, assets under management, revenue and earnings and improved its environmental, social, and corporate…

Multichoice Nigeria, a popular Pay TV provider, has proceeded with the upward adjustment of its prices for DStv and GOtv subscribers, despite a recent court ruling prohibiting the company from raising rates.  On…

Nestle Nigeria Plc says naira devaluation in the first quarter (Q1) of 2024 caused a net loss of N142.7 billion. The company disclosed this in its financial results for Q1 on Tuesday. The naira depreciated from N988.46…

The Nigerian government on Tuesday said it will soon grant the Dangote refinery a valid licence to operate fully in the country. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) Chief…