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Category: Economy and Capital Markets
BUA Foods : How We Grew Our Profit To N112bn
BUA Foods has improved profit after tax by 22.72 per cent toΒ N112.1bn in 2023 from the N91.3bn reported in the prior year. According to its annual report and…
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CBN Reports Over $1.5bn Inflow into Economy as Naira Continues to Gain
The Central Bank of Nigeria has said that it recorded an inflow of over $1.5 bn into the economy over the past few days, indicating that its monetary policy efforts…
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Binance Exit: Nigerians Seek Alternative Crypto Trading Platforms After
Following the exit of Binance from Nigeria, cryptocurrency traders are seeking other naira exchange platforms to carry out their trading. The Nation reported that Binance, on March, 5 announced plans…
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UBA, African Guarantee Fund Partner on $100m SME Loan
Operators of Small and Medium Enterprises (SMEs) and other businesses are to benefit from the $100 million being offered as new loans by the United Bank for Africa (UBA). The…
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Check Out The Six Most Expensive, Popular Cryptocurrencies
Bitcoin on Monday hit a new record high above $71,000, as the surge in the biggest cryptocurrency showed no signs of slowing down. Investigations revealed that the cryptocurrency coin…
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Why We Are Pushing For Investments In Local Industries β Dangote
The President of Dangote Group, Aliko Dangote, has said Dangote Industries Limited has been championing the cause of local content and contributing significantly to the economic growth of Nigeria and…
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Crypto Crackdown: How Two Binance Executives Arrested, Detained
Two senior executives at Binance have been detained in Nigeria β according to Financial Times (FT), a UK-based business news outlet, the passports of the unnamed Binance executives have been…
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Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out
Nestle Nigeria Plc has lost a staggering N104 billion before tax for the year ended 2023 compared to a profit before tax of N71 billion same period in 2022. Nairametrics…
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Excitement As CBN Begins Sales Of Dollars To BDCs
The Central Bank of Nigeria has announced its decision to sell foreign exchange worth $20,000 to each eligible Bureau De Change operator across the country. This is coming more than…
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Over $300m Sold To Banks By CBN As Naira Gains
The Central Bank of Nigeria has given over $300m to Deposit Money Banks in the last two weeks amid desperate efforts to stabilize the naira-dollar exchange rate. The…
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