Half Year: UBA Grows Earnings by 40% to N1.37 trillion, Declares Interim Dividend of...
UBA reports a 40% earnings growth in 2024, declaring a N2.00 interim dividend as part of its half-year financial performance amidst global challenges.
Africa’s Global...
CAC gives 4,173 BDCs with revoked licence 3 months to change names
The Corporate Affairs Commission, CAC has issued a three-month ultimatum to 4,173 Bureau De Change,BDC, companies whose licenses were recently revoked by the Central...
Banks losses to fraud declined by 77.62 percent in Q1 – FITC
Bank losses to fraud decreased by 77.62 percent to N468.42 million in the first quarter of 2024, down from N2.09 billion in the last...
FITC disclose three most common frauds in Nigerian banking sector
The Financial Institutions Training Centre (FITC) has identified computer/web fraud, mobile fraud, and POS-related fraud as the top three forms of fraudulent activity in...
Naira depreciates despite surge in Nigeria’s external reserves
The naira has continued to depreciate against the dollar in the foreign exchange market despite an increase in Nigeria’s external reserves.According to FMDQ data,...
CBN to slow down interest rate hike soon – Cardoso
The Governor of the Central Bank of Nigeria, Dr. Olayemi Cardoso, announced that the bank will soon be able to slow down increases in...
Sanwo-Olu, Obasanjo, Cardoso to headline ‘The Power of One Man’ book launch
A new book titled The Power of One Man: How the Soludo-Engineered Consolidation Transformed Nigerian Banks to Global Players will be unveiled in Lagos...
Naira weakens against dollar
The naira continued its decline against the dollar in the foreign exchange market on Wednesday.According to FMDQ data, the naira fell to N1512.61 per...
FG to collect 7.5% tax on cryptocurrency transactions
The Nigerian government will start collecting a 7.5 percent Value Added Tax (VAT) on cryptocurrency transactions from users registered in the country starting July...
Money supply hits record N99.23trn amid CBN’s tightening
Nigeria's money supply, M3, reached an unprecedented N99.23 trillion in May 2024, even as the Central Bank of Nigeria (CBN) enforced monetary tightening measures....
