The naira gained at the official market, trading at N1,278.58 to a dollar on Tuesday. Data from the official trading platform of the FMDQ revealed that the naira gained N30.81 or 2.35... Read more »

Cadbury Nigeria Plc reported a pre-tax loss of N28.2 billion in FY 2023, marking a whopping 2269% decline from the N1.3 billion pre-tax profit posted in 2022. According to the company’s audited... Read more »

Zenith Bank Plc has emerged as the Best Bank in Nigeria in the Global Finance Best Banks Awards 2024 for the fourth time. A statement from the bank on Monday revealed that... Read more »

The naira, on Monday, appreciated to N1,250 per dollar at the parallel section of the foreign exchange (FX) market. The FX rate is a 0.43 percent increase from the N1,280 recorded on... Read more »

The Central Bank of Nigeria (CBN) has increased the capital base for commercial banks with international authorization to N500 billion and national banks to N200 billion. This sweeping financial reform, announced on... Read more »

The board of Eko Electricity Distribution Company has relieved its Managing Director/Chief Eexcutive Officer, Dr. Tinuade Sanda, of her duties as MD/CEO of the company. In a letter seen by Nairametrics and... Read more »

The Central Bank of Nigeria has issued a circular to BDCs informing them that they sold $10,000 t0 each BDC at a rate of N1,251/$1. In a circular seen by Akelicious, each... Read more »

The Federal High Court sitting in Abuja has refused to restrain the Central Bank of Nigeria (CBN) from disbursing all accrued deposits paid into the CBN NIPOST stamp duty collection account by... Read more »

As controversy trails foreign airlines’ funds, the local currency continued on a recovery note yesterday with naira appreciating significantly against the dollar on the strength. The local currency continued on a recovery... Read more »