Our reporter/ Nigeria’s Net Foreign Exchange Reserve (NFER) as of the end of 2024 stood at $23.11 billion, the highest level in over three years, reflecting a substantial improvement in…
Read More Nigeria’s net reserve hits $23bn, highest in over three years – CBN
Six banks in the country have posted N3.41 trillion as profit after tax for 2024 ended against the N2.1 trillion recorded in the 2023 financial year. This is despite diverse…
Read More Six banks report N3 trillion profit amid complaints, challenging environment in Nigeria
Our reporter/ The Nigeria Deposit Insurance Corporation (NDIC) says it has intensified efforts to pay depositors of the defunct Heritage Bank whose balances exceed the maximum deposit insurance limit of…
Read More Defunct Heritage Bank: NDIC intensifies efforts to ensure timely payments for uninsured depositors
The company generated N197 billion in revenue; a 63 per cent increase from 2023. The UAC of Nigeria has reported a profit before tax of N26 billion for 2024, marking…
Read More UAC of Nigeria declares N26 billion profit before tax in 2024
Trading activities on the Nigerian Exchange Ltd on Thursday closed on a negative note, with the market capitalisation declining further by N31 billion. Specifically, the NGX market capitalisation fell by…
Read More Stock market loses steam, capitalisation falls by N31 billion
