The naira yesterday crashed to a record low of N1,370 /$ at the parallel market, inching closer to N1,400/$ rate. The depreciation of the local currency was mainly as a result of... Read more »
The Nigerian Exchange (NGX) has started the delisting process for the removal of the shares of GlaxoSmithKline Consumer Nigeria (GSK Nigeria) Plc from the stock market. A regulatory document obtained yesterday indicated... Read more »
Dangote Cement Plc shares has become the first Nigerian company to reach a market cap of N10.095 trillion as its stock experienced an 85.2 percent increase in 2024. This surge follows billionaire... Read more »
Unilever Nigeria, the local unit of British multinational consumer goods company Unilever Plc revealed this in its unaudited interim financial statements for the year ended December 31, 2023, published on the Nigerian... Read more »
Dangote Petroleum Refinery commences production of diesel and aviation fuel, no petrol yet – Spokesman There was no petrol yet as the Dangote Refinery began the production of diesel and aviation fuel... Read more »
CBN Appoints New Executives for Union Bank, Keystone Bank, and Polaris Bank Yetunde Oni (Union) is MD/CEO Standard Chartered Sierra Leone; Hassan Imam (Keystone) is an ED at Fidelity Bank; and Omokayode... Read more »
The Special Investigator probing the Central Bank of Nigeria, Jim Obazee, has summoned the Chairman of Titan Trust Bank (TTB), Tunde Lemo, and two other shareholders of the bank to a “follow-up... Read more »
One of Nigeria’s leading airlines, Air Peace, said it was set to resume direct flight connectivity to Guangzhou-China on Dec. 28. This is contained in a statement issued by the spokesman of... Read more »
The Central Bank of Nigeria (CBN) has threatened to sanction banks and Point of Sales (POS) operators found to be complicit in the current Naira scarcity crisis. The apex bank, in a statement... Read more »
Delta State Government, Nigerian National Petroleum Company Limited and UTM Offshore Limited, on Tuesday, signed a shareholders agreement for the development of the first Floating Liquefied Natural Gas in Nigeria. This was... Read more »