An AI African Intelligence Site
Naira Skids as FX Turnover, External Reserve Decline The Nigerian local currency, the Naira, depreciated first time in weeks following a sharp declined forex turnover at the Nigerian autonomous foreign…
Afriland Properties Shareholders Endorse N343.5m Dividend Shareholders of Afriland Properties Plc. have unanimously endorsed a total dividend of N343.5 million for the financial year ended Dec. 31, 2023. The shareholders…
CBN Expresses Commitment to Harnessing Digital Technologies The Central Bank of Nigeria says it is committed to harnessing the power of digital technologies to enhance financial inclusion. Mr Yemi Cardoso,…
QNET Raises Alarm Over Fraudulent Use of Foundation’s Name in Nigeria QNET, a global lifestyle and wellness-focused direct-selling company says it has recently become aware of fraudulent activities being carried…
Nigerian Exchange Bleeds, Investors Lose N1.113Trn The Nigerian Exchange (NGX) all share index (ASI) sank below 100,000 points psychological levels as selling spree ravaged the local bourse. Equities market capitalisation…
Global Growth Will Hold Steady at 3.2% in 2024, 2025- IMF The International Monetary Fund (IMF) says global growth in 2024 and 2025 is projected to hold steady at 3.2…
OPEC Woos Namibia as African Nation Prepares to Produce From 2030 The OPEC+ oil producers group is eyeing Namibia for possible membership as it sets up what could be Africa’s…
NCAA Suspends Licences of 3 Private Jet Owners Nigeria Civil Aviation Authority (NCAA) has suspended licences of three Permit for Non-Commercial Flight (PNCF), otherwise known as private jet owners, over…
Investors Sell Down Big Banks Shares despite Oversize Profits The equities market sustained bleeding from sell pressures on financial stocks in the local bourse. Intraday trading report revealed that key…
Fidelity Bank Posts N124.3bn Pre-Tax Profit in 2023 Fidelity Bank Plc has recorded a profit before tax of N124.3 billion for the year ended Dec. 31, 2023, indicating 131.5 per…