ABC Transport: Why second quarter pre-tax profit fell by -32.20% in 2024?
ABC Transport released its 2024 second quarter results, showing a profit of N57.3 million. The post ABC Transport: Why second quarter pre-tax profit fell by -32.20% in 2024? appeared first on...
View ArticleBitcoin falls below $53,000, Ethereum under $2400 as crypto market crash...
The Crypto market crash took a worse turn on Monday morning with key crypto assets dipping to multi-month lows amid increased geo-political tensions, Uncertainty on the United States Elections, and a...
View ArticleMTN Nigeria buys out minority shareholder in MoMo PSB for N6.95 billion
MTN Nigeria has bought out the minority shareholder in MoMo Payment Service Bank (MoMo PSB) for N6.95 billion. The post MTN Nigeria buys out minority shareholder in MoMo PSB for N6.95 billion...
View ArticleCrypto market liquidation crosses $1 billion following market crash
The cryptocurrency market is totally red at the moment as strong bearish sentiment sweeps across the industry. The post Crypto market liquidation crosses $1 billion following market crash appeared...
View ArticleMTN Nigeria falls to lowest price in 3 years as NGX suffers, joins global...
A global stock market crash which started on Friday is gradually spreading to the NGX as midday trading data shows a decline in the market, with MTN Nigeria being the major victim. The post MTN...
View ArticleUAC posts 373% profit growth in the first half of 2024
UAC Nigeria posted a pre-tax profit of N15 billion in the first half of 2024, marking a 373% year-on-year increase from the N3.16 billion posted in H1 2023. The post UAC posts 373% profit growth in...
View ArticleMemecoins Market Capitalization Plunges by 23% as key assets record...
Memecoins were not left out in the ongoing crypto market bloodbath as the total market capitalization of this category of crypto asset plunged by 23% with key memecoins recording double-digit lows....
View ArticleTantalizers PLC offset 42.17% pre-tax loss in the second quarter of 2024
Tantalizers PLC released its 2024 second quarter results, showing a pre-tax loss of N164.7 million. The post Tantalizers PLC offset 42.17% pre-tax loss in the second quarter of 2024 appeared first on...
View ArticleJulius Berger’s pre-tax profit climbs by 12.08% in the second quarter of 2024
Julius Berger published its 2024 second-quarter results, revealing a pre-tax profit of N8.3 billion. The post Julius Berger’s pre-tax profit climbs by 12.08% in the second quarter of 2024 appeared...
View ArticleForex crisis: Nigeria’s ID4D project gains N8.6 billion from Naira...
The devaluation of the Naira resulted in a forex gain of N8.6 billion for the Nigeria Identification for Development (ID4D) project, through which international financiers led by the World Bank are...
View ArticleBUA Foods posts 24% profit growth in the second quarter of 2024 amidst N27.4...
BUA Foods posted a pre-tax profit of N76.8 billion in the second quarter of 2024, reflecting a 24% year-on-year growth from the N61.8 billion pre-tax profit posted in Q2 2023. The post BUA Foods...
View ArticleBUA Cement’s pre-tax profit drops by 54% in the second quarter of 2024
BUA Cement released its 2024 second quarter results, revealing a pre-tax profit of N18.8 billion. The post BUA Cement’s pre-tax profit drops by 54% in the second quarter of 2024 appeared first on...
View ArticleSpot Bitcoin ETFs record $168 million in net outflows amid market dump
Spot Bitcoin Exchange Traded Funds in the United States recorded a net outflow of $168.4 million yesterday following a severe market dump that affected most crypto assets. The post Spot Bitcoin ETFs...
View ArticleIndian authorities demand $86 million in Tax from Binance before it can...
Binance, the world’s largest cryptocurrency exchange is facing Tax evasion claims in India with authorities demanding $86 million in Tax as Binance aims to resume operations in the country. The post...
View ArticleForeign inflow into the NGX rises to $161.4 million in first half of 2024
Foreign portfolio inflow into the Nigerian Exchange (NGX) in the first half of 2024 was about $161.4 million, representing a 14% year-on-year growth from $141.8 million as at the first half of 2023....
View ArticleJumia records $20.2 million operating loss in Q2 2024 as revenue decline
Africa’s e-commerce group, Jumia, posted a $20.2 million operating loss in Q2 2024 amid a 17% decline in revenue. The post Jumia records $20.2 million operating loss in Q2 2024 as revenue decline...
View ArticleForex turnover drops to lowest since January as naira settles above N1,600/$1
The forex turnover on the FMDQ, where the exchange rate trades officially, closed at a turnover of just $61.9 million, the lowest since January 2024. The post Forex turnover drops to lowest since...
View ArticleKuda posted $32 million loss in 2022 amid increase in revenue, customer base
Nigerian neobank, Kuda, recorded a net loss of $32 million in 2022 according to its latest financial report filed in the UK. The post Kuda posted $32 million loss in 2022 amid increase in revenue,...
View ArticleFG to sell $500 million dollar-denominated bonds, targets 200% subscription
The Federal Government of Nigeria has launched its Series I Domestic USD Bond, as it hopes to raise at least $500 million from local and international investors. The post FG to sell $500 million...
View ArticleCBN injects N700 billion bailout in Unity Bank-Providus Bank merger
Nigeria's Central Bank approved a financial package worth N700 billion to support the proposed merger between Unity Bank Plc and Providus Bank Limited, according to a document seen by Nairametrics. The...
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