Zenith Bank Swings to Record N1.09trn FX Gain
Zenith Bank, Nigeria’s second-biggest lender by market capitalisation, swung to a foreign exchange revaluation gain of N1.09 trillion last year
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Money
Zenith Bank’s Annual Profit Hits N1trn for First Time
Zenith Bank, Nigeria’s second-biggest lender by market capitalisation, posted a trillion-naira profit after tax last year for the first time
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UBA profit falls 20% in Nigeria, windfall levy rises
The United Bank for Africa (UBA) saw its profit after tax fall by almost a fifth in Nigeria last year,
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Nigeria’s official FX market posts 34% drop in weekly liquidity
The liquidity in the Nigerian official foreign exchange market fell by over a third this week, according to data from
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Nigeria’s revenue agency FIRS taps Flutterwave for tax collections
Flutterwave, an African payments technology company, is now enabling digital tax collections for the Federal Inland Revenue Service (FIRS), making
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Naira faces pressure as forex reserves lose $2.57bn in two months
Nigeria’s foreign exchange reserves have extended their decline to the lowest point in more than five months, putting the naira
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FirstBank breaks ground on Nigeria’s tallest building at Eko Atlantic City
First Bank of Nigeria, the country’s oldest lender, is breaking ground on what is expected to be the tallest building
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CBN holds interest rate for first time since May 2022
By Mary Adenike The Central Bank of Nigeria left its key interest rate unchanged at 27.5 percent at the end
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75% of businesses plagued by borrowing costs; CBN makes rate decision today
By Mary Adenike Three-quarters of businesses in the private sector identified high interest rates as the top business constraint last
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Flutterwave adds Swap to Send App to boost access to FX
Flutterwave, a payments technology company, has announced that its foreign currency exchange solution, Swap, is now accessible through Send App.
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