SG Holdings launches Series 1 and 2 Commercial Papers of up to N30 billion,...
SG Holdings Limited has launched its Series 1 and Series 2 commercial papers, with a combined issue size of up to N30 billion, targeting qualified institutional investors. This information was released...
View ArticleUBA records its highest-ever profit of N766.5 billion in FY 2024
United Bank for Africa Plc has released its audited financial results for the year ending December 31, 2024, reporting a post-tax profit of N766.5 billion for the group. The post UBA records its...
View ArticleUBA is minting returns and shareholders are cashing in
If last year’s UBA record-breaking N607 billion profit seemed like a fluke, the bank’s 2024 numbers suggest it’s the real deal. The post UBA is minting returns and shareholders are cashing in appeared...
View ArticleBitcoin rallies to $88,804 amid strong investor sentiment and growing open...
Bitcoin, the largest cryptocurrency by market capitalization, extended its recovery on Monday, reaching intraday highs of $88,804. The post Bitcoin rallies to $88,804 amid strong investor sentiment...
View ArticleNaira begins on a strong foot Despite resilient U.S. Dollar
The Nigerian currency ended the first trading session of the week on a positive note amid increased appetite for the haven currency in the global currency market. The post Naira begins on a strong foot...
View ArticleCardoso says CBN making progress in stabilising FX market, curbing inflation
Olayemi Cardoso, has said the Bank is beginning to see signs of progress in stabilising the foreign exchange (FX) market and curbing inflation, as recent policy reforms start to yield results. The...
View ArticleDMO allots N271.14 billion for FGN bond as demand soars for longer tenor in...
The Debt Management Office (DMO) has released the results of its latest Federal Government of Nigeria (FGN) bond auction for March 2025, with a total allotment of N4.686 billion for the 5-year bond and...
View ArticleMarket Wrap: All-Share gains 0.04%: MAYBAKER and MBENEFIT shine as ACCESSCORP...
The Nigerian All-Share Index closed on a positive note on March 25, 2025, gaining 41.89 points to finish at 105,593.28 points. This represents a slight 0.04% increase from the previous day’s close of...
View ArticleCWG’s profit soars on software sales in 2024, but rising credit sales pose risk
CWG Plc’s latest full-year 2024 financial results are nothing short of remarkable, However, beneath the impressive growth lie some concerning aspects. The post CWG’s profit soars on software sales in...
View ArticleRipple’s $75 million SEC settlement propels XRP to $2.51, boosting market...
Ripple Labs has achieved a major legal breakthrough, resolving all remaining appeals in its case with the U.S. Securities and Exchange Commission (SEC) and reclaiming $75 million previously held in...
View ArticleCrypto firm Zap Africa threatens legal action against Paystack over brand...
Zap Africa, a cryptocurrency exchange that facilitates the conversion of crypto to Naira, has issued a legal threat to Paystack, a leading fintech company, over the use of the brand name “Zap.” The...
View ArticleMutual Benefits Assurance surges 31% in the stock market following trading...
Shares of Mutual Benefits Assurance Plc have soared by over 31% in the Nigerian stock market, rising from N0.61 to N0.80 after the trading suspension on the company’s shares was lifted. On March 20,...
View ArticleNigeria’s money supply records first drop in 2025, falls to N110.32 trillion
The figure, however, still reflects a significant 15.45% increase year-on-year compared to the N95.56 trillion recorded in February 2024. The post Nigeria’s money supply records first drop in 2025,...
View ArticleZenith Bank post record N1 trillion profit after tax for 2024 FY
Zenith Bank Plc has released its 2024 FY results, reporting a record profit after tax of N1.03 trillion. The post Zenith Bank post record N1 trillion profit after tax for 2024 FY appeared first on...
View ArticleVFD Group secures Board approval for investments in Abbey Mortgage Bank and...
VFD Group Plc has announced that its Board of Directors approved significant investments in Abbey Mortgage Bank Plc and the e-commerce platform Bvndle Loyalty Limited. The post VFD Group secures...
View ArticleETI post-tax profit hits N735.9 billion in 2024, up 179%
Ecobank Transnational Incorporated (ETI) has released its 2024 consolidated financial statement, reporting a post-tax profit of N735.9 billion ($494 million), up 179% YoY. The post ETI post-tax profit...
View ArticleGold acts as investors refuge, best quarter since 1986
Appetite for the yellow metal reached a record high as investors and central banks increased buying pressure on the bullion. The post Gold acts as investors refuge, best quarter since 1986 appeared...
View ArticleMRS Oil reports 71.2% rise in revenues as consumer demand rises
MRS Oil Nigeria Plc released its 2024 full-year audited accounts, showing revenue surged 71.2% to N312.2 billion. The post MRS Oil reports 71.2% rise in revenues as consumer demand rises appeared first...
View ArticleThe Initiates Plc reports N2 billion profit for 2024, declares final dividend
The Initiates Plc has published its financial statement for the year ended December 31, 2024, revealing a pre-tax profit of N2.05 billion. The post The Initiates Plc reports N2 billion profit for...
View ArticleGTCO reports record N1 trillion profit after tax for 2024 FY
GTCO Plc has released its 2024 full-year audited accounts, revealing a record pre-tax profit of N1.266 trillion, up from N609.3 billion a year earlier. The post GTCO reports record N1 trillion profit...
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