The Dangote refinery has said its plan to release premium motor spirit into the market this month will no longer be possible, sparking reactions from Nigerians. The President of …
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Data breach: FG slams N400m fine on four banks, others
The Nigeria Data Protection Commission has said more than 1000 financial institutions, schools, insurance companies, and consultancy firms are currently undergoing investigations for various degrees of breaches of citizens’ …
Read More »Naira trades N1,473/$ at official market
The Naira traded N1, 473.66 to a dollar at the official market on Tuesday. Data from the official trading platform of the FMDQ Exchange showed that the Naira gained N9.96 …
Read More »Fidelity Bank leads trading as Nigeria’s equities market gains N324b
Fidelity Bank was the most active stock on the Nigeria capital market on Monday as a strong positive sentiment led the bourse to gain N324 billion in the week’s first …
Read More »Nigeria’s income from income tax declined by N276bn in Q1 2024 – NBS
The income generated by the Federal Government through the Company Income Tax (CIT) fell to N984 billion in the first quarter of 2024. The National Bureau of Statistics (NBS) disclosed …
Read More »Recapitalisation: Fitch projects Islamic finance growth
International credit ratings organisation, Fitch Ratings, has said that the higher capital requirement for banks operating in Nigeria inclusive of non-interest banks would boost the growth of the Islamic …
Read More »NGX: Investors lose N92bn in five hours
Investors in the Nigerian equities market lost N92 billion at the close of trading on Tuesday. This followed a dip in the share price of NASCON, THOMASWY, and MAY & …
Read More »Singaporean firm, Tolaram acquires majority shares in Guinness Nigeria
Guinness Nigeria has announced Tolaram, a Singaporean firm as its new owners after signing an agreement to acquire United Kingdom enterprise, Diegeo’s 58.02 per cent shareholding in the company. Abidemi …
Read More »CBN guarantees safety of depositors’ funds
The Central Bank of Nigeria has again reassured the banking public of the safety of their deposits and the banking system’s resilience. The apex bank’s Acting Director of Corporate …
Read More »Afrexim Bank backs Fidelity Bank’s acquisition of Union Bank UK with $40m facility
The plans of Fidelity Bank Plc to acquire and recapitalize Union Bank, United Kingdom has gotten the backing of Afrexim Bank as the multilateral financial institution has disclosed that it …
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