Ten Banks Cough Out N316bn in Windfall Tax on FX Gains
By Lydia Oluremi Ten of Nigeria’s commercial banks paid a total of N316 billion to the government from the foreign
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Nigeria’s Forex Market Liquidity Sinks 55% as Reserves Extend Slide
By Lydia Oluremi The liquidity in Nigeria’s official foreign exchange market tumbled by 54.79 percent this year as the country’s
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Nigeria Moves to Cut Government Workers’ Air Travel Costs
The Federal Government has launched a project called ‘BisonFly’ to optimise air travel costs for the Federal Civil Service through
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IMF Says Nigeria in Better Position to Navigate External Risks
The reforms implemented by President Bola Tinubu since 2023 have put the Nigerian economy in a better position to navigate
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Nigerian Breweries Posts First Quarterly Profit in Three Years
Nigerian Breweries Plc, the country’s biggest brewer, reported a profit for the first time since the first quarter of 2022,
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FirstHoldCo Takes Lead in Profit Growth Among Nigeria’s Top Banks
By Lydia Adenike First HoldCo, the parent of FirstBank of Nigeria, saw its profit for last year surge 118.13 percent
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Profit at FirstBank Parent FirstHoldCo More Than Doubles to N677bn
First HoldCo Plc, the parent of Nigeria’s oldest lender First Bank, posted a profit of N677 billion last year, up
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Access Bank Cut Fraud Loss to N1.69bn in 2024
Access Bank lost N1.69 billion to fraud and forgery incidents last year, down from N6.15 billion in 2023. The lender’s
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Nigeria’s Sahara Signs Deal to Buy LNG From Mexico for 20 Years
Sahara Group, an African energy and infrastructure conglomerate, has signed a 20-year LNG sale and purchase agreement with Amigo LNG
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[REVEALED] Access Holdings’ Acquisitions Cost N253bn in One Year
Access Holdings, the parent of Nigeria’s biggest lender by assets Access Bank, incurred a total of N252.83 billion on further
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