Newscenter Media News A Federal High Court in Lagos has fixed April 15, 2025, for the hearing of a suit filed by Ecobank Nigeria Plc against Obafemi Otudeko, managing director of Honeywell Group …
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NGX ROUNDUP: investors lose N110bn in holiday-shortened trading week
Investors in the Nigerian equities market lost N110 billion during the just-concluded, holiday-shortened trading week at the Nigerian Xchange (NGX). The market opened for three trading days this week as …
Read More »Ojulari takes over from Kyari, as NNPCL names new senior management appointments
Newly appointed Group Chief Executive Officer (GCEO) Bayo Ojulari has officially taken over the leadership of the Nigerian National Petroleum Company (NNPC) Limited, succeeding Mele Kyari. It would be recalled …
Read More »NGX: Equities market ends week with N8.38bn loss
The Nigerian equities market closed the week with a loss of N8 billion for investors at the close of trading on Friday. This followed a dip in the share prices …
Read More »NGX: Equities market rebounds as investors gain N30bn in five hours
The Nigerian equities market rebounded from previous day’s with a N30 billion gain for investors at the close of trading on Thursday. This followed a surge in the share prices …
Read More »Fitch predicts recession for nations, as Trump slams 14% tariff on exports from Nigeria, others
President Donald Trump’s massive new tariffs would send the US tariff rate dramatically higher to levels unseen since around 1910 and may drive many nations into recession, top ratings agency, …
Read More »NNPCL hikes petrol price amid appointment of new GCEO
The Nigerian National Petroleum Company Limited (NNPCL) has increased the pump price of Premium Motor Spirit (PMS) popularly known as petrol to N935 per litre in Ibadan, N925 per litre …
Read More »CBN debunks reports it has introduced N5,000, N10,000 banknotes
The Central Bank of Nigeria (CBN) has dismissed as false a widely circulated report claiming it has introduced new N5,000 and N10,000 banknotes. In a statement shared on its official …
Read More »Fidelity Bank records 210.0% growth in PBT to N385.2bn for FY 2024
Fidelity Bank Plc, has released its 2024 full-year Audited Financial Statements, reporting a 210% growth in Profit Before Tax to N385.2 billion. According to the Bank’s results released on the …
Read More »Sterling Bank calls for removal of contentious bank transfer charges
Amid calls for increased customer-focused banking in Nigeria, Sterling Bank has advocated for the cancellation of bank transfer fees by major banks, announcing it will no longer take any money …
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