Coronation Merchant Bank grew its gross earnings by 62 per cent to N61.6bn for the year ending December 31, 2023. In a statement issued after its Annual General Meeting …
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FG advised to channel over $4bn loan to productive sectors
Economic analysts have urged the Federal Government to channel the expected $4.4bn loan from the World Bank and the Africa Development Bank to production. In separate chats with The …
Read More »Naira slump, loans push public debt to N121tn
Nigeria’s total public debt has reached N121.67tn, increasing by N24.33tn or 24.99 per cent within three months, the Debt Management Office has announced. This new figure is from a …
Read More »Terra Cube ambassador becomes USAID’s nutrition envoy
The United States Agency for International Development has appointed Nollywood actress and Ambassador of Terra Cube, Chioma Chukwuka Akpotha, as its Goodwill Ambassador for Nutrition in Nigeria. Terra Cube …
Read More »Nigeria targets N450bn from bond auction
The Federal Government is targeting at least N450 billion through its latest bond offer for June 2024. The Debt Management Office (DMO) disclosed this in a statement on Thursday in …
Read More »Nigeria’s debt hit N121tr in Q1 2024 – DMO
Nigeria’s total public debt has risen by a whopping N24 trillion in the first three months of the year to hit N121.67 trillion. The Debt Management Office (DMO) revealed this …
Read More »Naira loses N2, trades N1,485/$1 at official window
The naira slumped marginally against the United States dollar on Thursday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the domestic currency traded at N1, 485.36/$1 on …
Read More »NGX: Investors make N1bn as Champion, Veritaskap, Royalex stocks soar
Investors in the Nigerian equities market made N1 billion at the end of trading on Thursday. This followed an increase in the share price of stocks like CHAMPION, VERITASKAP, and …
Read More »Manufacturers seek harmonisation of regulatory agencies
Manufacturers, on Thursday, called for an end to the activities of multiple agencies hurting their businesses, urging the government to fix the overlaps by harmonising regulatory compliance. Member companies …
Read More »Binance in trouble again, as India slams hefty fine on crypto firm for non-compliance with regulation
In the midst of its ongoing trial with the Nigerian government, cryptocurrency exchange platform, Binance Holdings Limited has been slammed with a fine of 188.2 million rupees ($2.25 million) by …
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