Oil under Pressure Ahead of OPEC+ Meeting
Oil under Pressure Ahead of OPEC+ Meeting Oil prices remain under pressure ahead of the Organisation of Petroleum Exporting Countries (OPEC) and allied member (OPEC+) meeting this weekend. The weaker…
TAJBank Reports 11.3bn Profit as Earnings Surge by 149%
TAJBank Reports 11.3bn Profit as Earnings Surge by 149% TAJBank Limited, Nigeria’s foremost non-interest bank, has reported a profit before tax (PBT) of N11.3 billion in its 4th year of…
Investors Are Ramping up UBA, Zenith, GTCO, Others on NGX
Investors Are Ramping up UBA, Zenith, GTCO, Others on NGX Reversing the previous downturn, shares of Nigerian big banks are currently trading higher. The market had priced these stocks lower…
EFCC arrests man for alleged Naira abuse in Gombe
Investigators at the Gombe Zonal Command of the Economic and Financial Crimes Commission, EFCC, have arrested one Zachariyya Muhammad for allegedly abusing the Nigerian currency in Gombe State. Muhammad was…
Abia to Secure 80 Megawatts of Power for Umuahia – Otti
Abia to Secure 80 Megawatts of Power for Umuahia – Otti Gov. Alex Otti of Abia says the State Government has entered into negotiations with the Enugu Electricity Distribution Company…
Wema Bank Slides as Lender Seeks Approval to Raise N200bn
Wema Bank Slides as Lender Seeks Approval to Raise N200bn Nigerian lender, Wema Bank Plc, saw its market value decline slightly to N86.149 billion on Friday due to selloffs. Ahead…
Minimum Wage: Private Sector Committed to N57,000 – NECA
Minimum Wage: Private Sector Committed to N57,000 – NECA The Nigeria Employers’ Consultative Association (NECA), says the private sector remains committed to the N57,000 earlier proposed at the Tripartite Committee…
Ecobank Sheds 10% over Unusual Trade Volume
Ecobank Sheds 10% over Unusual Trade Volume The market value of Ecobank Transnational Inc. Plc. (ETI) fell by about 10% to N397 billion on Friday due to large volume selloffs…
VFD Group Posts N1.02 billion Pretax Loss in 2023
VFD Group Posts N1.02 billion Pretax Loss in 2023 VFD Group Plc recorded N1.021 billion loss before tax in financial year 2023 due to sharp decline in net investment income…
Tinubu’s Credit Scheme to Address `Loan Sharks’ Excesses –FCCPC
Tinubu’s Credit Scheme to Address `Loan Sharks’ Excesses –FCCPC The Federal Competition and Consumer Protection Commission (FCCPC), says President Bola Tinubu’s credit scheme will help to close the gap and…