Zenith Bank Posts N58.19 Billion Profit in Q1
Zenith Bank Posts N58.19 Billion Profit in Q1 Zenith Bank Plc has delivered N58 billion profit for the first quarter of the financial year 2022, according to its regulatory filing.…
MTN Nigeria Earnings Rise on Healthy Business Performance
MTN Nigeria Earnings Rise on Healthy Business Performance MTN Nigeria Communications Plc sees double digit earnings jump in the first quarter of 2022, according to its regulatory filing. At the…
AfDB to Double Africa’s Climate Finance to $25 bln
AfDB to Double Africa’s Climate Finance to $25 bln The African Development Bank (AfDB) says it will within the next five years double the climate change finance of Africa to…
Jaiz Bank Boosts Profit, EPS Jumps 40.10% in 2021
Jaiz Bank Boosts Profit, EPS Jumps 40.10% in 2021 Jaiz Bank Plc, the Premier Non-Interest Bank in Nigeria has released its audited financial results for the period ended 31 December…
Premium Trust Bank Opens for Operation in Nigeria
Premium Trust Bank Opens for Operation in Nigeria Premium Trust Bank has joined the list of licensed commercial banks in Nigeria with the unveiling of its flagship branch at Trans…
Naira Sinks at Investors Window, Parallel FX Rates Worsen
Naira Sinks at Investors Window, Parallel FX Rates Worsen The Nigerian local currency, naira, loses value in both the official foreign exchange window and the Central Bank of Nigeria (CBN)…
DLM Capital Unveils Sofri Digital Bank
DLM Capital Unveils Sofri Digital Bank DLM Capital Group, a development investment bank, has unveiled its digital bank – Sofri, a one-stop-shop mobile app, to provide innovative, simple, and convenient…
Lafarge Africa Boosts Earnings, Grows Balance Sheet in Q1
Lafarge Africa Boosts Earnings, Grows Balance Sheet in Q1 Cement company Lafarge Africa Plc has reported improved earnings performance in the first quarter ended March 31, 2022, detail from its…
FGN Bond Yield Hits 10.9% as Naira Sinks
FGN Bond Yield Hits 10.9% as Naira Sinks The average yield on federal Government of Nigeria (FGN) bond traded in the local market inched upward by five basis points as…
Bitcoin Estimated to Hit $75k as Panic Sellers Feed BTC Whales
Bitcoin Estimated to Hit $75k as Panic Sellers Feed BTC Whales Bitcoin will recover from the current crypto crash to hit a fresh all-time high of $75,000 by the end…
Agip’s Gas Line Breach Cuts Gas Export by 5 MMSCM/d — Eni
Agip’s Gas Line Breach Cuts Gas Export by 5 MMSCM/d — Eni Eni, the Italian parent company to Nigerian Agip Oil Company (NAOC), says the breach of its 24-inch gas…
Consumers Goods, Banking Stocks Drive Intraday Gain
Consumers Goods, Banking Stocks Drive Intraday Gain Equity investors are taking position in consumers and banking stocks ahead of first quarter earnings releases. As of yesterday, banking index lifted the…
Oil Rises as OPEC Cuts Forecast, China Eases Lockdown
Oil Rises as OPEC Cuts Forecast, China Eases Lockdown Oil recouped some day-prior losses early on Tuesday, rising off six week low by about four per cent amidst volatile trading…
Metaverse: Mastercard Files 15 NFTs Trademarks Applications
Metaverse: Mastercard Files 15 NFTs Trademarks Applications Mastercard has signalled its entry into the metaverse by filing 15 trademarks applications related to non-fungible tokens (NFTs). According to one trademark application…
Nigeria’s Crude Oil Production Sinks to 1.354mbpd
Nigeria’s Crude Oil Production Sinks to 1.354mbpd Nigeria’s crude oil production declined to an average of 1.354 million barrels per day (mbpd) in March 2022, representing about two per cent…
NGX Rises Steeply as Investors Position in Value Stocks
NGX Rises Steeply as Investors Position in Value Stocks Sustaining the bullish trend, the Nigerian Exchange (NGX) spiked on Tuesday as Investors pump more money into value stocks, lifting market…
BitDegree to Launch the First Metaverse That Pays Users to Learn
BitDegree to Launch the First Metaverse That Pays Users to Learn BitDegree, a blockchain-enabled e-learning platform, has announced the first crypto learning metaverse — the Learnoverse, the company said in…
Traders Sideline T-Bills ahead of CBN Auction, Naira Gains
Traders Sideline T-Bills ahead of CBN Auction, Naira Gains Ahead of the Central Bank of Nigeria (CBN) primary market auction, the average yield on fixed income instruments ended on a…
Attacq Faces FX Hurdles With Ikeja City Mall Disposal
Attacq Faces FX Hurdles With Ikeja City Mall Disposal South Africa Company, Attacq Limited said it has extended the implementation of Ikeja City Mall disposal deal to June 2022 due…
Oil Falls over OPEC+ Output Plan, U.S Crude Reserve Release
Oil Falls over OPEC+ Output Plan, U.S Crude Reserve Release Crude oil prices edged down early Friday as the market priced in the Organisation of Petroleum Exporting Countries (OPEC) 432,000-barrel-per-day…