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Business - Page 430

NGX Suspends Trading In Unity Bank, Guinea Insurance, 6 Other Companies’ Shares

Over N118.37bn Added To Nigerian Stock Market Cap

Guinness led the gainers’ list on the Nigerian Exchange (NGX) on Wednesday, December 24, and Legend Internet topped the losers’ table as the stock market capitalisation increased by N118.37 billion. According to NGX, the stock market capitalisation grew to N97.89 trillion, from

December 24, 2025

Business·News·World News

US August Inflation Hits 3.7%, Energy Prices Raise Interest Rate Worries

In a twist of economic fate, US inflation surged to 3.7% in August, breaking its steady decline since June 2022, primarily due to a sharp upswing in energy prices. This development, though still well below the alarming levels witnessed last year, has

September 13, 2023

How Nigeria’s External Reserves Rose By 5.6% To $38.8bn In 2024 — CBN

Business·News

CBN: Special Investigators Closing In On N7 Trillion Fraud Scandal

In a race against time, a team of special investigators appointed to probe the Central Bank of Nigeria (CBN) and related entities is inching closer to uncovering what could be the largest financial fraud in the country’s history, estimated at over N7

September 13, 2023

Business·News

Polaris Bank Rewards 50 Lucky Winners In ‘Save & Win’ Promo

In a refreshing twist to its ongoing ‘Save & Win’ promotion, Polaris Bank celebrated the success of 50 fortunate winners, embodying the bank’s commitment to customer appreciation. Polaris Bank, recognized as the Digital Bank of the Year in both 2021 and 2022,

September 13, 2023

Business·News

Unity Bank Grows Gross Earnings To N27.5bn In H1’2023

Unity Bank Plc, a leading retail lender, announced impressive financial results for the first half of 2023, with a significant increase in gross earnings and deposits. The bank’s performance, despite challenges posed by foreign exchange revaluation, signals its commitment to growth and

September 13, 2023

Africa·Business·News

New Housing Minister Assumes Leadership Of Shelter Afrique AGM Bureau

Nigeria’s newly-appointed Minister for Housing and Urban Development, Architect Ahmed Musa Dangiwa, has assumed the role of Chairman of Shelter Afrique’s Annual General Meeting (AGM) Bureau. This development marks a new chapter in the organisation’s leadership, with Dangiwa succeeding the former Chairman,

September 13, 2023

World Bank Stops Loan Disbursement To Uganda Over Anti-Homosexuality Law

Business·Finance & Economy·News·World News

Economy: World Bank Urges Nigeria To Revamp Macroeconomic Management For Growth

In a fresh perspective on Nigeria’s economic landscape, the World Bank has raised concerns over the country’s macroeconomic management, emphasizing the urgent need for structural reforms. The institution stressed the importance of these reforms to improve revenue mobilization and financial management, ultimately

September 13, 2023

NCDMB, FIRS Offer Tax Incentives For Oil Industry R&D Investments

Business·Oil & Gas

Amended NCDMB, BOI MoU On $50m NOGaPS Fund Increases Access To Financing For Local Industry Players

The Nigerian Content Development and Monitoring Board (NCDMB) and the Bank of Industry (BoI) have signed an amendment to the Memorandum of Understanding (MoU) on the $50 million NOGaPS Manufacturing Fund. The Fund was created by the NCDMB and domiciled with BoI

September 13, 2023

Business·News

NGX Loses N757bn In 48 Hours Due To FTSE Russell Downgrade

Investors in the Nigerian Exchange Limited (NGX) faced a tumultuous two days as they watched N757 billion evaporate from the market, all triggered by FTSE Russell’s decision to downgrade the exchange from frontier to unclassified market status. This move, driven by Nigeria’s

September 13, 2023

NGX Imposes Mandatory Compliance Training On Multi-Trex Integrated Foods, Infinity Trust Mortgage Bank Following Breaches

Business·News

Trillion Naira Stocks Power NGX’s 2023 Record Growth

In a seismic shift on the Nigerian Stock Exchange (NGX), the SWOOTs – stocks with a market capitalization of over one trillion naira – have emerged as the dominant players, commanding headlines and portfolios alike. As of August 2023, these financial behemoths

September 13, 2023

Business·News

UBA Shines With 371% Profit Surge In H1 2023

United Bank for Africa (UBA) Plc has taken the spotlight, revealing remarkable growth figures in its audited financial report for the first half of 2023. Breaking away from the conventional narrative, the bank’s CEO, Mr. Oliver Alawuba, delivered a statement that resonated

September 12, 2023

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Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

The Federal Government of Nigeria has issued its debut bond

Dollar Trades Flat In Black Market, Appreciates In Official Window

The dollar traded at N1,487.01/$1 in the parallel market on

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

The Bank of Japan (BOJ) is set to raise its

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Business - Page 430

Over N118.37bn Added To Nigerian Stock Market Cap

US August Inflation Hits 3.7%, Energy Prices Raise Interest Rate Worries

CBN: Special Investigators Closing In On N7 Trillion Fraud Scandal

Polaris Bank Rewards 50 Lucky Winners In ‘Save & Win’ Promo

Unity Bank Grows Gross Earnings To N27.5bn In H1’2023

New Housing Minister Assumes Leadership Of Shelter Afrique AGM Bureau

Economy: World Bank Urges Nigeria To Revamp Macroeconomic Management For Growth

Amended NCDMB, BOI MoU On $50m NOGaPS Fund Increases Access To Financing For Local Industry Players

NGX Loses N757bn In 48 Hours Due To FTSE Russell Downgrade

Trillion Naira Stocks Power NGX’s 2023 Record Growth

UBA Shines With 371% Profit Surge In H1 2023

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Over N118.37bn Added To Nigerian Stock Market Cap

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Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

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Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

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Business - Page 430

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