The Nigerian Autonomous Foreign Exchange Market, NAFEM, is set to record its lowest foreign exchange (FX) turnover in five months in June 2024, as dollar illiquidity...
As audited accounts start to trickle in, companies will propose dividend payments to their shareholders as recommended by their respective boards of directors. It is also...
An analysis by Nairalytics, the research arm of Nairametrics shows that forty-four of the largest publicly listed companies in the Nigerian equities market spent a total...
Story highlight Forty-four of the largest listed companies in the Nigerian equities market spent a total of N234 billion on professional fees in the 2023 financial...
Story highlights The 50 most capitalized companies in the Nigerian equities market paid a sum of N17.24 billion as audit fees in 2023, a remarkable 46.7%...
Nine publicly listed commercial banks paid a sum of N166.4 billion as a deposit insurance premium to the NDIC in 2023, 29.3% higher than the N128.7...
Story Highlights Commercial banks in Nigeria spent N799.8 billion on staff salaries in 2023, a 44.3% increase from the previous year’s N554.2 billion, despite only a...
The exchange rate between the naira and the dollar closed the week at N1,466/$1, reaching a two-month low as a stronger dollar continues to outpace global...
The Central Bank of Nigeria (CBN) has released an updated list of Deposit Money Banks (DMB) in Nigeria as of April 26, 2024. The latest list...
As audited accounts start to trickle in, companies will propose dividend payments to their shareholders as recommended by their respective boards of directors. It is also...
Nigerian banks experienced a challenging April, as all major banking stocks posted losses month-to-date. This downturn coincided with the first month-to-date decline in the NGX All...
MTN Nigeria experienced significant financial strain due to a continued depreciation of the naira, reporting a net foreign exchange loss of N656.3 billion in Q1 2024,...
Recent dividend announcements by major Nigerian banks have highlighted a complex interplay between shareholder returns and Central Bank of Nigeria (CBN)’s recapitalization requirements. Despite the CBN’s...
As audited accounts start to trickle in, companies will propose dividend payments to their shareholders as recommended by their respective boards of directors. It is also...
Some of Nigeria’s leading companies incurred a combined forex loss of N1.8 trillion in the financial year 2023. This is according to information contained in the...
The latest data from the Central Bank of Nigeria (CBN) reveals the extent of the dollar supply shortage as Nigerians grapple with one of the worst...