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47 posts

National Assembly injects N1.2trillion into 2024 budget
adminJune 15, 2024
The National Assembly passed the 2024 budget on Saturday after most lawmakers approved an addition of N1.2tn to the original budget submitted in November by President Bola Tinubu. The budget…Read More
Tinubu, signs N28.7trn 2024 Budget, Cuts Borrowing
adminJune 15, 2024
The federal government has reduced the deficit in the 2024 budget to below 3.8 per cent of Gross Domestic Product (GDP), thereby reducing the reliance on borrowing. Minister of Finance…Read More
Nigeria’s foreign reserves shed $77m in December
adminJune 15, 2024
Continued foreign exchange instability in the country led the country’s external reserves to drop to 0.23 per cent or about $77.23m in December 2023. According to figures obtained from the…Read More
TAJBank Records N11.3bn PBT for 2023YE
adminJune 15, 2024
TAJBank Limited has reported a profit before tax (PBT) of N11.3 billion for the 2023 year end, an impressive performance in the Nigerian non-interest lending sub-sector of the banking industry.…Read More
UBA records N17.4trn financial deposit, Pays N95.8bn final dividend
adminJune 15, 2024
United Bank for Africa (UBA) has announced that it successfully sustained its deposit mobilisation efforts, growing total deposits by 93 percent to N17.36 trillion in the year-ended 2023 from N8.99…Read More
SEC to issue framework to guide banks recapitalization
adminJune 15, 2024
The Securities and Exchange Commission (SEC) has said that it will soon roll out framework that will guide the capital market in the proposed recapitalisation exercise by banks. The Acting…Read More
Berger Paints Plc Announces Mrs Alaba Fagun, as GMD
adminJune 15, 2024
Mrs Fagun, a member of the Institute of Directors (IOD), became the first female Managing Director of Berger Paints PLC when she was elevated to the position on October 4th,…Read More
Ecobank Group launches US$50,000 2024 Fintech Challenge
adminJune 15, 2024
Ecobank, the pan-African financial services Group, officially opens call for applications to the 7th edition of its Fintech Challenge. This annual competition invites early-stage and mature fintech startups to partner…Read More
Nigeria’s Q1-2024 exports records 51%
adminJune 15, 2024
According to latest Foreign Trade in Goods statistics report published by the National Bureau of Statistics (NBS), Nigeria’s total exports stood at N19,167.40 billion in Q1 2024 , reflecting a…Read More
FG lists assets for capital market listing
adminJune 15, 2024
The federal government has concluded a list of national assets and organisations to be listed in the capital market to raise revenue to partly finance the 2024 national budget. Topping…Read More
Equities Market | NGX ASI opens new week with a +0.60% gain
adminJune 15, 2024
Activities in the domestic equities market kicked off the week on a positive note, underpinned by gains in ACCESSCORP (+9.9%), TRANSCOHOT (+5.5%), and ZENITHBANK (+4.7%). As a result, the All-Share…Read More
Small businesses to get exemption from paying WHT
adminJune 15, 2024
The presidential fiscal policy and tax reforms committee has disclosed plans to review the national withholding tax laws to exempt small businesses from paying withholding taxes. The chairman of the…Read More

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