Stockbrokers report “high investor interest” in ongoing banks’ rights issues and public offers
Nigerian banks are currently intensifying efforts to bolster their capital reserves in response to the Central Bank of Nigeria’s recent...
DMO sold treasury bills valued at N617.92 billion in June- FMDQ report
The Debt Management Office (DMO) sold Treasury Bills (T.bills) valued at N617.92 billion across its auctions in June 2024.
Analysts’ project naira to stabilize between N1,423.26/$ and N1,550/$ by year-end 2024
Financial analysts at United Capital Plc have forecasted that the exchange rate will stabilize, trending between N1,423.26/$ and N1,550/$ by...
Eterna Plc appoints Okechukwu Ashiegbu as Chief Operating Officer
The Board of Eterna Plc has appointed Mr. Okechukwu Ashiegbu as Executive Director/Chief Operating Officer and Mrs. Bunmi Agagu-Adu as...
Shareholders condemn FG’s 50% windfall tax on banks’ forex gains
The New Dimension Shareholders Association of Nigeria has strongly criticized the Federal Government's decision to impose a 50% windfall tax...
FX spot market drops by 41.17% to $6.72 billion turnover in June – FMDQ report
Spot FX market turnover was $6.72 billion (N10.01 trillion) in June 2024, representing a 41.17% ($4.70 billion) a Month-on-month (MoM)...
Access Bank secures $50 million from British International Investment as part of $295 million loan package to aid SMEs
This move is expected to provide these SMEs with essential working capital and enhance their resilience amid Nigeria's most severe...
Top Nigerian insurance firms pay N40.439 billion in claims in Q1 2024
Leading insurance companies in Nigeria disbursed N40.439 billion in claims during the first quarter of 2024, compared to N33.869 billion...
Access Bank raises N442 billion through syndicated Tier II Facility
Access Bank has collaborated with the Dutch Entrepreneurial Development Bank (FMO) to sign a syndicate Tier II Facility agreement valued...
AXA Mansard to pay shareholders total dividend of N3.6 billion for FY 2023
Shareholders of AXA Mansard Plc will receive a total dividend of N3.6 billion for the financial year ended December 2023,...
