Nigeria’s finance minister confirms another naira devaluation
The Federal Government of Nigeria has adopted a new flexible exchange-rate policy for official transactions in a move that effectively
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International Breweries posts N12.37bn annual loss
International Breweries Plc has reported a loss of N12.37 billion for the 2020 financial year, compared with N27.79 billion in
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Pressures on naira likely to persist, says FDC
Pressures on the naira at the parallel market as well as the investors’ and exporters’ window are likely to persist
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CBN MPC: Analysts see no scope for monetary policy easing
As the Monetary Policy Committee of the Central Bank of Nigeria begins its two-day meeting today, analysts at Capital Economics
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GTBank increases solar-powered branches to 48, diesel consumption drops
Guaranty Trust Bank Plc says the total number of its branches/business offices powered by solar energy increased by six last
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Wema Bank appoints new executive director
The Board of Directors of Wema Bank Plc had announced the appointment of Mr Chukwuemeka Obiagwu as an executive director
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Nigeria’s stagflation caused by poor policy choices: Capital Economics
Nigeria is stuck in stagflation, occasioned by poor policy choices, a London-based economic research company, Capital Economics, has said. Stagflation is
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Nigeria’s forex reserves may fall to $33bn – Rewane’s FDC
Nigeria’s foreign exchange reserves may fall to $33 billion in the coming month despite higher crude oil prices, Financial Derivatives
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Airtel Africa mulls listing of mobile money business
Airtel Africa Plc has said it will explore potential listing of its mobile money business within four years. The telecommunications
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Union Bank’s annual profit grows to N25.4bn
Union Bank of Nigeria Plc has posted an increase of 2.8 percent in its profit before tax for the 2020
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