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NIRSAL MfB Profit Declines to N2.142 Billion Microfinance bank subsidiary of Nigeria Incentive-Based Risk-Sharing System for Agricultural Lending Plc (NIRSAL) annual profit declined to N2.142 billion in 2022, translating into…
Ministry of Finance Inc., NGX Partner to Meet N100m AUM Target The Ministry of Finance Incorporated (MOFI) on Monday partnered with the Nigerian Exchange Ltd., (NGX) to grow its Assets…
NGX Loses N63bn as Selloffs Hit Tier-1 Banks The Nigerian Exchange (NGX) equities market capitalisation dropped by about N63 billion on Monday as investors offloaded banks’ stocks after the regulator…
Private Placement: Guinea Insurance Leads Top Performers on NGX Guinea Insurance’s share price surged significantly rising by 50% in the equities market last week following the completion of its private…
Oil Prices Decline as Strong US Dollar Drags Demand Crude oil prices in the internal market responded negatively to a slowdown in demand attributed to improved US dollar strength and…
MTN Signs Deal to Sell Fintech Unit to Mastercard MTN Group has signed a memorandum of understanding with Mastercard for a minority stake in the Group Fintech based on an…
Ethiopia Inflation Rate Eased to 28.8% The consumer price index that measures Ethiopia’s headline inflation rate eased slightly for a fourth consecutive month to a two-year low of 28.8% in…
FMDQ OTC Profit Jumps 5.46% in 2022 FMDQ OTC Plc’s profit jumped by about 5.46% to N9.667 billion in 2022, figures posted by the Central Bank of Nigeria (CBN) in…
NIBSS Profit Spikes 42% to N15.467 billion Nigeria Inter-Bank Settlement System (NIBSS) annual profit spiked more than 42% to N15.467 billion in 2022, the Central Bank of Nigeria (CBN) audited…
CBN Sells OMO Bills at Higher Rates to Attract Foreign Investors The Central Bank of Nigeria (CBN) has ended its open market operation (OMO) bills holiday after more than seven…