In implementing measures to assist the current monetary tightening policy, the Central Bank of Nigeria (CBN) has reduced commercial banks' Loan-to-Deposit Ratio from 65% to 50%.With this in place, Dep...
Transcorp Power Plc recently reported that by December 2024, it intends to boost its power-generating capacity from 550 to 740 megawatts.The power company's MD/CEO, Mr Peter Ikenga, revealed this duri...
Nigerian Breweries, one of the biggest beer manufacturers, announced on Tuesday in its recent note to the Nigerian Exchange Limited that it will proceed to restructure its entire business in response ...
On Tuesday, the Dangote refinery announced that the price of a litre of diesel would be reduced from N1,200 to N1,000.The company expects the significant decrease in diesel prices to positively affect...
The Nigerian stock market opened this week with a continuation of bearish sentiment. The benchmark indices at the Nigerian Exchange (NGX) indicated an average decline of 0.53%, equivalent to net capit...
For the 2023 fiscal year, Fidelity Bank's directors have proposed paying shareholders a final dividend of 60 kobo per share. This represents a 20% increase over the dividend payment of 50 kobo last ye...
The management of the United Bank for Africa (UBA) has revealed that, with an excess of N2 trillion in shareholder funds, it intends to raise additional capital when the time comes, in compliance with...
The National Bureau of Statistics (NBS) reported Monday that Nigeria's annual inflation rate rose to 33.20% in March from 31.70% in February.According to the statistics office, the headline inflation ...
It was reported on Sunday that the country's local currency (naira) increased against the US dollar, breaking through key resistance levels to trade below N1,000 in certain black market segments.This ...
According to the World Bank, the continuous efforts at fiscal consolidation in Nigeria and other Sub-Saharan African countries are mainly responsible for improving fiscal balances.In its most recent A...