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Money Market

CBN sets to reduce banks’ FX risk exposure 

Business Standard February 1, 2024 CBN sets to reduce banks’ FX risk exposure 2024-02-01T08:10:28+00:00 Money Market No Comment
To tame the raging foreign exchange crisis and ultimately sanitize the money market, the Central Bank of Nigeria (CBN) is beaming its regulatory searchlight on banks, alerting them of growing…
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News

‘$700m Remains Blocked’, Says IATA On Release Of Airlines’ Funds

Business Standard February 1, 2024 ‘$700m Remains Blocked’, Says IATA On Release Of Airlines’ Funds2024-02-01T08:05:07+00:00 News No Comment
  The International Air Transport Association (IATA) has lauded the Central Bank of Nigeria (CBN) for releasing $ million in blocked airline funds. but said $700 million remains blocked in…
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Capital Market

Transcorp Plc Grows Profit by 102% to N34bn

Business Standard February 1, 2024 Transcorp Plc Grows Profit by 102% to N34bn2024-02-01T07:58:50+00:00 Capital Market No Comment
Transcorp Corp Plc posted a significant surge in earnings following a spike in revenue generated by the group in 2023. In its unaudited financial statement filed with the Nigerian Exchange,…
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Capital Market

Fidelity Bank Posts Triple Earnings Growth in 2023

Business Standard February 1, 2024 Fidelity Bank Posts Triple Earnings Growth in 20232024-02-01T07:55:24+00:00 Capital Market No Comment
Fidelity Bank Plc has bolstered earnings performance as the top Tier-II lender grew profit by about 207 percent year on year, according to its recent unaudited financial statement filed with…
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News

FG reiterates commitment to implement stringent measures in coming dry/wet season farming 

Business Standard January 30, 2024 FG reiterates commitment to implement stringent measures in coming dry/wet season farming 2024-01-30T16:35:53+00:00 News No Comment
Agric Minister In line with the directive of President Bola Ahmed Tinubu’s declaration of emergence on food security, the Hon. Minister, Federal Ministry of Agriculture and Food Security, Sen. Abubakar…
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Economy

FX Backlog: CBN Concludes Payment of All Verified Claims By Airlines 

Business Standard January 30, 2024 FX Backlog: CBN Concludes Payment of All Verified Claims By Airlines 2024-01-30T16:29:26+00:00 Economy No Comment
The Central Bank of Nigeria (CBN), fulfilling its pledge to clear the backlog of foreign exchange owed to foreign airlines in the country, has concluded the payment of all verified…
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Capital Market

Geregu records N83bn revenue as operating profit increases by 110%

Business Standard January 30, 2024 Geregu records N83bn revenue as operating profit increases by 110%2024-01-30T16:27:37+00:00 Capital Market No Comment
Geregu Power Plc has released its 2023 audited financial statement, disclosing a year-on-year increase of 74 percent in revenue and a 110 percent growth in operating profit. The company’s board…
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Capital Market

Wema Bank reports 104.7% profit growth in 2023

Business Standard January 30, 2024 Wema Bank reports 104.7% profit growth in 20232024-01-30T16:12:04+00:00 Capital Market No Comment
Wema Bank Plc has released its unaudited financial statement for the full year 2023, posting a pre-tax profit of billion, marking a percent growth from the billion recorded in full…
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News

Toyota Suspends Shipments Of 10 Models On Testing Irregularities

Business Standard January 29, 2024 Toyota Suspends Shipments Of 10 Models On Testing Irregularities2024-01-29T20:16:27+00:00 News No Comment
Toyota said Monday it was suspending shipments of 10 models that use engines linked with testing irregularities at an affiliate company. The affiliate, Toyota Industries, did not conduct proper horsepower…
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Economy

CBN Releases $500m To Clear More Verified FX Liabilities Backlog

Business Standard January 29, 2024 CBN Releases $500m To Clear More Verified FX Liabilities Backlog2024-01-29T19:47:37+00:00 Economy No Comment
The Central Bank of Nigeria (CBN) has released US$500 million to various sectors to further address the backlog of verified foreign exchange transactions. This comes barely a week after the…
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Featured News

  • Seplat Energy Drives Media Entrepreneurship, Empowers 50 Journalists in Lagos
    Seplat Energy Drives Media Entrepreneurship, Empowers 50 Journalists in Lagos
    June 30, 2025 - No Comment
  • Editor,Energy experts say Dangote’s initiative will reduce production costs
    Editor,Energy experts say Dangote’s initiative will reduce production costs
    June 30, 2025 - No Comment
  • Hunger: Aliko Dangote Foundation’s free  rice excites host communities of Ibese, Itori, Ijebu-Igbo  …Describe the rice Distribution another Operation Feed the Nation
    Hunger: Aliko Dangote Foundation’s free  rice excites host communities of Ibese, Itori, Ijebu-Igbo …Describe the rice Distribution another Operation Feed the Nation
    June 29, 2025 - No Comment
  • Shareholders oppose transfer of unclaimed dividends to CBN
    Shareholders oppose transfer of unclaimed dividends to CBN
    June 29, 2025 - No Comment
  • Afreximbank Appoints Dr. George Elombi as Next President
    Afreximbank Appoints Dr. George Elombi as Next President
    June 28, 2025 - No Comment
  • Analysts To Review Emerging Local, Global Market Trends At Investdata Q3 Master Class Saturday
    Analysts To Review Emerging Local, Global Market Trends At Investdata Q3 Master Class Saturday
    June 27, 2025 - No Comment
  • FMDQ Group and Frontclear Deepen Strategic Partnership to Promote Cross-Border Money Market Transactions
    FMDQ Group and Frontclear Deepen Strategic Partnership to Promote Cross-Border Money Market Transactions
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  • Dangote is the Pride of Nigeria’s Financial Market, Says NGX Group Chairman  … Listing of Dangote Fertiliser Will Revolutionise Capital Market – Dangote
    Dangote is the Pride of Nigeria’s Financial Market, Says NGX Group Chairman … Listing of Dangote Fertiliser Will Revolutionise Capital Market – Dangote
    June 27, 2025 - No Comment
  • Unleashing Potential: SAHCO strategies for enhanced performance!  …Reward shareholders with N812 million dividend
    Unleashing Potential: SAHCO strategies for enhanced performance! …Reward shareholders with N812 million dividend
    June 27, 2025 - No Comment
  • SEC Canvasses Advanced Financial inclusion by 2030
    SEC Canvasses Advanced Financial inclusion by 2030
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Sport News

  • Jose Mourinho dismissed as AS Roma manager
    Jose Mourinho dismissed as AS Roma manager
    January 16, 2024 - No Comment
  • Spain PM Says Football Boss Apology Over Kiss ‘Insufficient’
    Spain PM Says Football Boss Apology Over Kiss ‘Insufficient’
    August 22, 2023 - No Comment
  • Man City Manager Guardiola To Miss Two Matches After Back Surgery
    Man City Manager Guardiola To Miss Two Matches After Back Surgery
    August 22, 2023 - No Comment
  • Kevin de Bruyne injury: Man City midfielder out for up to four months and may need surgery
    Kevin de Bruyne injury: Man City midfielder out for up to four months and may need surgery
    August 15, 2023 - No Comment

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  • Seplat Energy Drives Media Entrepreneurship, Empowers 50 Journalists in Lagos June 30, 2025
  • Editor,Energy experts say Dangote’s initiative will reduce production costs June 30, 2025
  • Dangote’s Investment of N720bn on CNG Trucks to save Nigerians N1.7trn …To lift 42m MSMEs June 29, 2025
  • Hunger: Aliko Dangote Foundation’s free  rice excites host communities of Ibese, Itori, Ijebu-Igbo …Describe the rice Distribution another Operation Feed the Nation June 29, 2025

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