Naira closes weaker despite increased FX market turnover: FMDQ
The naira closed weaker against the dollar this week at the Investors and Exporters window despite the increase in the
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Asset manager PIC set to invest $100m in AFC
The Public Investment Corporation, Africa’s largest asset manager has given formal notification to make a $100 million inaugural equity investment
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Flour Mills’ quarterly profit rises to N7.33bn
Flour Mills of Nigeria has reported a profit before tax of N7.33 billion for the first quarter of the 2022
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Seplat starts injecting crude into new 160,000bpd pipeline
Seplat Energy Plc, a Nigerian energy company, has announced that it has begun commercial injection of crude oil through the
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Dangote Cement’s Q2 profit falls 35% on diesel cost
Dangote Cement Plc has reported a profit after tax of N66.25 billion for the second quarter of the 2022 financial
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Nigeria’s multiple exchange rates blocking diaspora remittances – FDC
The existence of multiple exchange rates in Nigeria is one of the greatest constraints to diaspora remittance inflow into the
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Ardova swings to half-year loss despite 46% revenue growth
Ardova Plc, formerly Forte Oil Plc, has reported a loss before tax of N1.15 billion for the first half of
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Jaiz Bank’s half-year profit rises 27%
Jaiz Bank Plc posted a profit after tax of N2.54 billion for the first half of 2020, up from about
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Budget pain: Nigeria’s financing options ‘increasingly limited’, says Capital Economics
As Nigeria’s budget woes worsen, the options available to the government to finance the higher-than-expected deficit this year are increasingly
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Sterling Bank’s half-year profit jumps 41%
Sterling Bank Plc has said its profit after tax for the first half of 2022 rose by 40.8 percent year-on-year
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