World Bank has said in a report that half of the world’s 75 poorest countries are experiencing a widening income gap with…
Finance
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The Executive Board of the International Monetary Fund (IMF) said it has selected Kristalina Georgieva to serve as IMF Managing Director for…
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To close the holiday shortened week, the All-Share index of the local bourse slipped further by 0.71% to 102,314.56. Bearish sentiment continued…
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Zenith Bank Plc has announced its audited results for the year ended December 31, 2023, achieving a remarkable triple-digit growth of 125%…
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Guaranty Trust Holdings plans to seek shareholder approval next month to raise up to $750 million in capital, joining other banks in…
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Cyberattacks have more than doubled since the pandemic. While companies have historically suffered relatively modest direct losses from cyberattacks, some have experienced…
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Opening the week, the local equities closed negative as the benchmark Index fell 0.38% to settle at 103,047.23 points. Profit taking in Tier-1 banking…
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International Monetary Fund has said in Blog post that private credit market, in which specialised non-bank financial institutions such as investment funds…
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FinanceNews
CBN stops banks from using FX-denominated collateral for Naira loans, as it sacks 40 more staff
Nigeria’s central bank has barred commercial lenders from accepting foreign currency-denominated collateral to grant Naira loans, a move that could protect the…
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Today, the benchmark index of the local market declined by 0.27% to close at 103,437.67 points. Selloffs of MTNN (-0.87%), GTCO (-2.04%), and ZENITHBANK (-1.62%) outweighed…
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African Export-Import Bank Group’s results for the financial year ended 31 December 2023 showed Net interest income reached $1.4 billion at the…
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The domestic bourse extended losses from the previous session, bringing the All-Share Index down by 0.43% to close at 103,736.08 points. Bearish…
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The current exchange rate for customs import duties and cargo clearance payment is higher than the official foreign exchange market rate of…
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One of the two executives from Binance, the world’s largest cryptocurrency exchange, detained in Nigeria appeared in an Abuja court on Thursday…
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The negative sentiment continued in the local market as the All-share index dipped by 0.32% to settle at 104,181.32 points. Selloffs of GTCO (-1.23%), ZENITHBANK (-1.23%) and…