UBA’s Loan Book Shrinks Amid Record-High Interest Rates
The United Bank for Africa saw its loans and advances to customers decline to N6.83 trillion in March from N6.95
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Africa’s Growth Momentum Thwarted by Shift in Global Outlook, Says IMF
The sudden shift in global outlook has pulled the plug on Africa’s growth momentum, a group comprising the management of
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International Breweries Becomes Second Brewer to Join Trillion-Naira Club
International Breweries Plc saw its market capitalisation hit the N1 trillion mark on Tuesday for the first time as its
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Legend Internet Listing to Add N11.3bn to Nigerian Stock Market
The listing of Legend Internet on the Nigerian Exchange Limited (NGX) on Thursday will boost the total value of the
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Nigeria Registers 118 Mineral Buying Centres in Three Months
The Federal Government collected N6.96 billion mining fees and registered 118 new private mineral buying centres in the first quarter
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CPPE Opposes Bill Seeking to Ban Raw Materials Imports into Nigeria
The Centre for the Promotion of Private Enterprise (CPPE) has said the bill seeking to ban the importation of raw
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Manufacturers’ Alternative Power Spend Tops N1trn on Grid Collapse, Pricey Fuel
Manufacturers in Nigeria spent 42.2 percent more on alternative energy sources last year amid unreliable grid power and increases in
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Nigerian Manufacturers Suffer Blow as Borrowing Cost Balloons to 35.5%
Manufacturers in Nigeria have said rising interest rates posed a major financial burden, with commercial bank lending rates surging to
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US Capital Flow to Nigeria Risks Decline, PwC Warns
Uncertainties about the United States trade policy direction may cause distortions for capital flows to Nigeria, Big Four accounting firm
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Zenith Bank’s Fraud Loss Deepens While Peers See Decline
Zenith Bank Plc, Nigeria’s biggest bank by net profit, witnessed a 14-fold surge in fraud-related losses in 2024, while several
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