Industry
After Kano, ShopRite announces plan to shut down another branch in Abuja, gives reason
Shoprite Mall will close one of its branches in Abuja and has cited the purchasing power of Nigerians and the state of the economy as the reasons.
N21.58k: Otedola buys more shares again days after, cements position as highest shareholder
According to a recent disclosure on the Ngx, Nigerian billionaire and businessman Femi Otedola has expanded his ownership share in FBN Holdings by 2.22%.
GTBank leads, UBA follows as report shows Nigeria’s most profitable banks to invest
A new report has revealed the best-performing banks in Nigeria with excellent Return on Equity (RoE), with GTBank and UBA leading the pack in the country.
Nigerian neobank, Carbon, ends debit card operations in Nigeria, CEO gives reason
Nigerian digital bank, Carbon, has announced that it is ending its debit card operations in Nigeria, two years after launching the service in the country.
“Light at the end of the tunnel”: Jubilations as Anaysts predict new inflation trend
According to Financial Derivatives CEO Bismarck Rewane in an interviiew, Nigeria's economy will grow in the coming years despite the country's rising inflation.
“Stability is expected to be temporary”: Experts speak as naira finally finds balance against dollar
Although the naira has been stable over the past month, fluctuating between N1,476 and N1,485 in the official market, sustainability is still a reason for concern.
N1,000,000 fine: SEC set to sanction Nigerian banks over incomplete applications for new capital
The Securities and Exchange Commission (SEC) has provided a framework to assist the Central Bank of Nigeria (CBN) in bolstering the country's banking sector.
Wakanow: Adedeji speaks on future of Africa travel market as company unveils enhanced website
Bayo Adedeji Wakanow GCEO has highlighted the potential of Africa's travel market as the company launched its new AI-powered website to enhance user experience.
Financial Intelligence tells GTB, Zenith, Access, others how to deal with “Yahoo Boys”
The Nigerian Financial Intelligence Unit has detected an increase in fake petitions related to purported money transfers from foreign banks to Nigerian banks.
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