The Federal Mortgage Bank of Nigeria (FMBN) on Monday inaugurated seven specialised task teams to recover all the bank’s Non-Performing Loans (NPLs) nationwide.

The Governor of the Central Bank of Nigeria (CBN), Mr Yemi Cardoso, says strengthening national capacities for debt management is crucial for meeting

The Nigerian naira reclaimed small of value it has lost in the currency market on Monday. The Nigerian naira closed the trading session on the positive on Monday, appreciated by 0.66% to #1476.12 per unit of US dollar at the autonomous FX market.

Equities investors lost about N103 billion on Monday as Nigerian Exchange (NGX) opened the week negative. The local bourse halted last session’s winning streak as investors lost N102.55 billion, following sell-offs in Tier-one banking stocks and cautious trading.

NDIC Begins Liquidation of Heritage Bank, to Pay Depositors The Nigeria Deposit Insurance Corporation (NDIC) has commenced the liquidation of…

CardinalStone Offers US Dollar Investment with 8.5% Net Returns

Tritek Consulting, a leading tech consulting firm founded in Nigeria, has announced its expansion into the United States and Canada. This strategic move

Flour Mills of Nigeria Plc reported more than 99% year on year decline in profitability in 2024, details from its audited financial statement showed. The consumer goods company’s net profit came at N3.45 billion from N29.5 billion in the comparable year in 2023, according to food producer’s audited report for the year.

May, 2024 data pointed to a pick-up in growth in the Nigerian private sector, with both output and new orders increasing at sharper rates than in April,

Zenith Bank Plc has been rated buy by Investment firm, Afrinvest Limited in its latest stock recommendation. Analysts have set N41.70 target price for Zenith