An Enugu State High Court presided over by Justice Chukwunweike Ogbuabor on Tuesday adjourned a N4 billion lawsuit against First Bank of Nigeria Plc to Jan. 16, 2024, for hearing.

An FCT High Court on Wednesday admitted the suspended Central Bank of Nigeria (CBN) Godwin  Emefiele to bail in the sum of N300 million.

 The European Union (EU) has promised to support Nigeria with €30 million for the next five years toward enhancing the fight against corruption.

Gov. Abba Yusuf of Kano State has presented an additional N24 billion 2023 supplementary budget to the House of Assembly for approval.

Nigeria Plans to Re-establish National Shipping Line

Nigeria stocks rebounded with about N32 billion gain after the local exchange opened the week on a negative note, resulting in a more than N57 billion decline in market cap.

Fitch Ratings has downgraded Nigeria-based Coronation Merchant Bank Limited’s (CMB) Long-Term Issuer Default Rating (IDR) to ‘CC’ from ‘B-‘ and its Viability Rating (VR) to ‘cc’ from ‘b-‘.

Nigerian Breweries Plc is considering paying N7.01 billion for the proposed acquisition of 80% economic and voting rights in Distell Wines and Spirits Nigeria (DWSN) and 100% of Distell’s import business in Nigeria is ₦7.01 billion, its transaction document obtained by MarketForces Africa revealed.

Amidst strong stock market rerating of banking shares, the United Bank for Africa (UBA) Plc has spun higher return than any of its peers in the banking sector. Its year-to-date return as investors

Equities analysts at Afrinvest Limited have kept shares of Fidelity Bank, FBNH and Stanbic IBTC on sell recommendation due to weak upside potential, detail from its week stock recommendation shows.