Business
Dangote Cement Records N503.2 Billion Net Profit in 2024 Financial Year
Dangote Cement posts a net profit of N503.2 billion in 2024, marking a 10% growth with revenue hitting N3.58 trillion
2 March 2025
Business
Business
FG, States, LG Councils Share ₦1.703 Trillion For January 2025 Revenue
The Federal Government, states, and local government councils shared ₦1.703 trillion January 2025 revenue, as disclosed by the FAAC in Abuja.
1 March 2025
Business
MTN Nigeria Records N400.4 Billion Loss in 2024 Despite 35.9% Revenue Growth
MTN Nigeria posted a N400.4 billion loss in 2024, driven by naira devaluation and forex losses, despite 35.9% revenue growth to N3.3 trillion.
28 February 2025
Business
CBN’s Open Market Operations Sales Surge by 1,773% to N11.8 Trillion
The Central Bank of Nigeria (CBN) increased Open Market Operations (OMO) sales by 1,773% in 2024 to N11.8 trillion, aiming to curb inflation
27 February 2025
Business
Cost of Living Eases as Food Prices Drop, Experts Warn of Short-Term Relief
Nigeria sees a decline in food prices, easing financial strain on households, but farmers warn the relief may be temporary due to rising production costs.
26 February 2025
Business
SEC Nigeria Reduces Public Offer Approval Time to Two Weeks
The Securities and Exchange Commission (SEC) Nigeria has slashed the approval time for Public Offers from over a year to just two weeks,
25 February 2025
Business
Fidelity Bank Plc Nears CBN Recapitalization Goal Amid Deadline
Fidelity Bank Plc is on track to meet the CBN’s 2025 recapitalization deadline, with its oversubscribed fundraising campaign strengthening investor confidence.
24 February 2025
Business
CBN Targets Single-Digit Inflation as MPC Maintains Interest Rate at 27.5%
CBN inflation control strategy aims to bring inflation rate down to a single-digit level as CBN Governor reaffirmed the MPC meeting decision
21 February 2025
Business
Nigeria’s Treasury Bills Attract N2.41 Trillion in Subscription in Recent Offering
Nigeria’s February 19 Treasury Bills auction attracts N2.41 trillion in subscriptions, indicating an unshaken investor confidence.
20 February 2025
Business
CBN Mandates Banks to Publish Dormant Accounts and Unclaimed Balances Online
CBN has issued a directive requiring banks and financial institutions to publish dormant accounts and unclaimed balances on their websites.
19 February 2025
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