On Monday, June 3, 2024, the Nigerian Labour Congress (NLC) will be embarking on a nationwide strike. Unions are going on strike over their disagreement with...
In a surprise move, the Central Bank of Nigeria (CBN) announced it has revoked Heritage Bank’s operating license, effectively closing the institution and placing depositors at...
In the evolving landscape of global finance, the independence of central banks is sacrosanct, forming the cornerstone upon which monetary stability rests. However, recent amendments proposed...
Story Highlights The NGX Banking Index dropped 7.35% last week, with major banks like UBA and FBN Holdings suffering double-digit losses. Investor concerns about Central Bank...
Story highlights Recently, NGX Pension Stocks have exhibited a bearish trend, resulting in a decline in market capitalization. The NGX Pension Index, which measures the performance...
Nigeria’s central bank monetary policy committee will announce to the world on Tuesday, May 21, 2024, whether they will continue with their hawkish monetary policy of...
Story Highlights Nigerian Brewer/Distiller companies have been significantly impacted by macroeconomic challenges; the devaluation of the Naira and rising inflation and interest rates. Despite multiple price...
Two weeks of data from the FMDQ NAFEX closing rate suggest a new pattern is evolving with Nigeria’s exchange rate as Nigerians grapple with local currency...
In the wake of the Federal Executive Council’s announcement of a Special Purpose Vehicle (SPV) aimed at expanding Nigeria’s fibre optic infrastructure, the nation stands at...
Despite posting foreign currency revaluation gains induced profits, Guaranty Trust Bank (GTB) is grappling with the repercussions of Nigeria’s currency devaluation, which has drastically reshaped its...
Story Highlights The Palm Oil sector has always presented a beacon for investors due to the seemingly wide gap between the demand for the product and...
Zenith Bank’s latest financials indicate a significant uptick in its loan portfolio, particularly in the oil and gas sector. By the end of fiscal year 2023,...
Story highlights Amidst macroeconomic headwinds of heightened inflation rate, interest rates and volatile exchange rates due to Naira devaluation, cement companies have managed to sustain profitability....
Airtel Africa, a prominent telecommunications company, in February 2024, announced its intention to initiate a share buyback program following the disclosure of a negative Basic EPS...
In the realm of corporate strategy, the pursuit of cost optimization stands as a pivotal endeavor, particularly in industries susceptible to fluctuating economic conditions. Dangote Cement,...
Nigerian banks have proven to be highly profitable. Last year alone, the publicly listed Nigerian banks are projected to surpass N3.5 trillion in profits for 2023,...
Fidelity Bank has shown resilience in its financial performance but now faces a critical test: navigating the challenging terrain of the new Central Bank of Nigeria...
In accounting, as in anything in life, cash is king. It doesn’t matter if your company has been posting consistent profits or owns the largest fleet...