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Nigeria Records Growth in Active Calls, Internet Subscriptions The Nigerian Communications Commission (NCC) says the country has witnessed a steady increase in active voice and internet subscriptions, Dr Reuben Muoka,…
Geregu Power Declares N8 Dividend as Profit Spikes Geregu Power Plc’s earnings swelled by 58% due to strong operating performance that boosted its profitability level in 2023. Due to a…
Naira Crash Makes FX Rate in Parallel Market Cheaper It has become cheaper to trade foreign currency in the parallel market than the official window as the Nigerian naira crashes…
NGX Falls by N857bn as Equities Investors Take Profit The equities segment of the Nigerian Exchange (NGX) closed trading on Tuesday on a negative note as investors dumped Tier-1 bank…
FX Backlog: CBN Pays Additional $64m to Foreign Airlines The Central Bank of Nigeria (CBN) has concluded the payment of all verified claims by airlines with an additional 64.44 million…
Defunct Skye Bank Loan: Sen.Victor Umeh Ordered to Repay N136m to AMCON A Federal High Court in Abuja has ordered Sen. Victor Umeh to pay about N136 million to the…
Nigeria Improves in Corruption Perception Index The Civil Society Legislative Advocacy Centre (CISLAC) and Transparency International (TI), have said that Nigeria’s rating has improved on the corruption perception index. Mr…
Oil Rallies as Middle East Tension Lingers The oil market rallied on Tuesday following escalating tension in the Middle East following the deaths of three US soldiers in Jordan, while…
Fitch Affirms Bank of Africa at ‘BB’ With Stable Outlook Fitch Ratings has affirmed Bank of Africa’s (BOA) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at ‘BB’ with stable…
CBN Accuses Banks of Financial Market Manipulation The Central Bank of Nigeria (CBN) has warned deposit money banks against some financial market manipulation moves it spotted during an ongoing investigation…