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Equities Investors Lose N221bn as NGX Slides Further Equities investors lost about N221 billion on Monday as the Nigerian Exchange (NGX) market capitalisation declined further. The local bourse closed negative…
Zenith Bank Grows Profit by 202% to N677bn Zenith Bank Plc grew its annual profit by more than 202% year on year to about N677 billion, according to details from…
Stop Using Forex as Collateral For Naira Loans, CBN Warns Bank Customers The Central Bank of Nigeria (CBN) has warned bank customers to desist from using foreign currency as collateral…
GTCO Grows Profit by 219% to N539 Billion Guaranty Trust Holdings Company (GTCO) Plc grew its annual net profit by more than 219% year on year to about N540 billion,…
Africa Needs to Grow at Strong Pace to Reduce Poverty –Report Increased private consumption and declining inflation are supporting an economic rebound in Sub-Saharan Africa. However, the recovery remains fragile…
Bitcoin Hits $72,000 as Demand for Crypto Grows The market price of Bitcoin, the most expensive and largest digital assets, crossed $72,000 briefly on Monday before it retraces. As such,…
UBA Introduces First of Its Kind Scan to Resolve Complaint Portal Africa’s Global Bank, United Bank for Africa (UBA) Plc, has unveiled a Quick Response solution code, qrdispute.ubagroup.com:8088 called the…
Fintech Startup Thepeer Shut Down after $2.1m Seed Round Nigerian fintech startup Thepeer, which provided Application Programming Interface (APIs) allowing customers to embed financial products into their platforms, has closed…
Fintech Funding Declines by 16% in Three Months Due to shifting investors’ sentiment, global funding in the fintech sector has fallen to its lowest level since 2017, according to newly…
Naira Bulls Keep things Hot for FX Speculators Amidst rapt of estimates showing that the naira is overwhelming underpriced, the sustained recovery of the local currency has kept things hot…