GTCo’s HabariPay records N3.8 billion profit after tax in 2024
HabariPay, the fintech subsidiary of Guaranty Trust Holding Co Plc, recorded N3.8 billion profit after tax in 2024 as the bank pushes further into the fintech space. The post GTCo’s HabariPay records...
View ArticleeTranzact reports N4.8 billion full-year profit for 2024 despite revenue dip;...
eTranzact International Plc has released its financial report for the year ended December 31, 2024, indicating a pre-tax profit of N4.8 billion. This represents a 53.20% increase from the pre-tax...
View ArticleWeekly Market Wrap: Nigerian All-Share Index stages 0.66% correction, closes...
The Nigerian All-Share Index concluded the week ended March 28, 2025, on a positive note, gaining 697.68 points, driven by a robust performance in the banking sector. This increase reflects a weekly...
View ArticleNigeria’s pension fund assets hit N22.86 trillion in January 2025 – PenCom
The latest data from the National Pension Commission (PenCom) reveals that Nigeria’s pension fund assets surged to N22.86 trillion as of January 31, 2025, reflecting a 1.55% increase from the N22.512...
View ArticleReduce regulatory charge to bolster Nigeria’s capital market growth, ex CIBN...
Former president of the Chartered Institute of Bankers of Nigeria (CIBN), Okechukwu Unegbu, has called on the Securities and Exchange Commission (SEC) to reduce the financial burden on Capital Market...
View ArticleCrypto market loses $130 billion as Trump’s tariff plans take effect this week
The cryptocurrency market experienced a sharp decline last week, shedding over $130 billion in market capitalization as investors braced for the impact of President Donald Trump’s upcoming tariffs....
View ArticleWema Bank hits N433 billion in gross earnings, profit surges to N102 billion...
Wema Bank Plc has delivered its strongest financial performance in at least five years, reporting a remarkable surge in both gross earnings and profitability. The bank’s audited financial statements...
View ArticleGold hits record high of $3,116, positions for biggest quarterly gain in 38...
Spot gold surged by 1.1% on Monday morning to reach $3,116.82 an ounce as of 06:38 GMT, after briefly climbing to a record high of $3,128.06 earlier in the session. The post Gold hits record high of...
View ArticleCaverton reports N40.1 billion full-year revenue for 2024 as rising costs and...
Caverton Offshore Support Group Plc has released its audited financial report for the year ended 31st December 2024, revealing a substantial revenue of N40.1 billion. This figure marks a notable 25.61%...
View ArticleStrategy acquires $1.9 billion in Bitcoin, boosting holdings to $43.4 billion
Strategy, the business intelligence firm turned Bitcoin heavyweight (formerly known as MicroStrategy), has purchased an additional 22,048 Bitcoin (BTC) for approximately $1.9 billion, further...
View ArticleFGN Bond subscriptions fall to N2.83 trillion in Q1 2025 as offer volume drops
Investors in Federal Government bonds subscribed to a total of N2.83 trillion in the first quarter of 2025, marking a decline from the N3.12 trillion recorded in the same period of 2024, according to...
View ArticleCustodian Investment drops N60 billion in profits, up by 133% year on year
Custodian Investment Plc has released its audited financial statement for the period ended 31 December 2024, reporting a pre-tax profit of N60.6 billion. The post Custodian Investment drops N60 billion...
View ArticleTether’s Bitcoin holdings top $8.29 billion after latest $735 million BTC...
Tether, the leading issuer of the USDT stablecoin, has deepened its Bitcoin investment strategy by acquiring an additional 8,888 BTC on the final day of Q1 2025. The post Tether’s Bitcoin holdings...
View ArticleNaira in consolidation phase despite high Dollar interest
The naira oscillated below the N1550/$ bandwidth at the unofficial market amid firm interest in the U.S. dollar index. The post Naira in consolidation phase despite high Dollar interest appeared first...
View ArticleCadbury Nigeria reports N28.3 billion pre-tax loss for 2024 despite 60%...
Cadbury Nigeria Plc has released its audited financial results for the year ended December 31, 2024, reporting a pre-tax loss of N28.3 billion, an improvement from the N32.2 billion loss recorded the...
View ArticleBUA Foods declares Final Dividend of N13.00 per share for registered...
BUA Foods has announced a final dividend of N13.00 per ordinary share of 50 Kobo each, payable to shareholders listed in the Register of Members as of the close of business on 21st August 2025. The...
View ArticleTrump imposes 14% tariff on Nigeria’s export to the United States of America
In a sweeping move that could redefine global commerce, U.S. President Donald Trump has announced a baseline 10% tariff on all U.S. imports, The post Trump imposes 14% tariff on Nigeria’s export to the...
View ArticleMarket Wrap: All-Share ends in the red, slips by 0.12% as UPDCREIT and...
The Nigerian All Share Index ended the trading day in the red on April 2, 2025, falling by 123.20 points to close at 105,547.16. This represents a modest decline of 0.12% from the previous session’s...
View ArticleBitcoin dips to $82,000 amid global trade tensions triggered by Trump tariffs
Bitcoin (BTC) has experienced a significant drop, falling to the $82,000 mark on Thursday morning and registering a 4% loss following United States President Donald Trump’s announcement of widespread...
View ArticleOkomu Oil declares Final Dividend of N26 for registered members
Okomu Oil Palm Company Plc has declared a Final Dividend of N26.00 for each ordinary share of N50 kobo, payable to shareholders listed on the Register of Members as of the close of business on April...
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