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Transcorp Hotels’ half-year profit nearly triples

July 24, 2024July 24, 2024 Markets Reporters 0 Comments Transcorp Hotels

Transcorp Hotels Plc posted a 188% increase in its profit before tax for the first half of this year compared

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FEATURED Latest Money TOP STORIES 

CBN’s latest decision seen piling pressure on banks

July 23, 2024July 23, 2024 Markets Reporters 0 Comments asymmetric corridor, CBN, MPR, Nigerian banks

The decision by the Central Bank of Nigeria to tweak the asymmetric corridor around the monetary policy rate (MPR) is

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Economics FEATURED Latest TOP STORIES 

Supporting local champions like Dangote key to Nigeria’s development – Otedola

July 23, 2024July 23, 2024 Markets Reporters 0 Comments Aliko Dangote, Femi Otedola

Amid the dispute between Dangote Group and regulators in the oil sector, Femi Otedola, chairman of Geregu Power Plc, has

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FEATURED Latest Money TOP STORIES 

CBN slows down rate hiking, delivers 50bps increase

July 23, 2024July 23, 2024 Markets Reporters 0 Comments CBN rate hike

The Central Bank of Nigeria has increased its monetary policy rate, also known as the key interest rate, by 50

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FEATURED Latest Money TOP STORIES 

50-100bps rate hike likely as MPC concludes meeting – CSLS

July 23, 2024July 23, 2024 Markets Reporters 0 Comments CBN MPC, CBN rate hike, CSL Stockbrokers

The Central Bank of Nigeria (CBN) is anticipated to sustain its contractionary monetary measures as it concludes its fourth Monetary

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FEATURED Latest Stocks TOP STORIES 

International Energy Insurance swings to N3.71bn loss in H1

July 23, 2024 Markets Reporters 0 Comments International Energy Insurance

International Energy Insurance Plc reported a loss after tax of N3.71 billion in the first half of this year compared

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Energy FEATURED Latest TOP STORIES 

I have no blending plant in Malta, NNPC boss Kyari responds to Dangote

July 23, 2024July 23, 2024 Markets Reporters 0 Comments Aliko Dangote, blending plant in Malta, Mele Kyari

Mele Kyari, group managing director of the Nigerian National Petroleum Company Limited, has said he does not have blending plant

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FEATURED Latest Money TOP STORIES 

Naira expected to hit 1,700/$ ‘in the near time’, says FDC

July 21, 2024July 21, 2024 Markets Reporters 0 Comments Bismarck Rewane, Financial Derivatives Company, Naira against dollar

The naira is expected to trade between 1,550 and 1,700 per dollar in the near term, Lagos-based Financial Derivatives Company

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FEATURED Latest Money TOP STORIES 

CBN rate hiking cycle to end this week: Capital Economics

July 21, 2024July 21, 2024 Markets Reporters 0 Comments Capital Economics, CBN MPC, David Omojomolo

The rate hiking cycle that the Central Bank of Nigeria started last year is expected to end this week, according

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FEATURED Latest Money TOP STORIES 

Drop in weekly forex liquidity drags naira lower

July 21, 2024July 21, 2024 Markets Reporters 0 Comments FMDQ, Forex turnover, Naira versus dollar

The naira extended its decline against the dollar last week as foreign exchange turnover in the official market fell by

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