Pharmaceutical company, May & Baker Nigeria Plc (M&B), shareholders have approved a total dividend pay-out of N517.57 million for the financial year ended 2023. The amount translates to a dividend of 30k for every 50k share held in the company, representing a total of dividend of N571.57 million, subject to applicable tax.

A Pan-African credit rating agency, Agusto & Co, has upgraded Wema Bank’s rating from BBB to BBB+, following the bank’s strong 2023 financial performance.

International Monetary Fund (IMF) staff and the Egyptian authorities have reached staff level agreement on a set of comprehensive policies and reforms needed to complete the third review under the Extended Fund Facility (EFF) arrangement.

The average yield on Nigerian sovereign Eurobonds or the US dollar bonds dipped slightly in the international debt market as foreign portfolio investors (FPIs) increased their portfolio holdings.

The Nigerian naira rose against the US dollar slightly in the foreign exchange market as FX liquidity pressure reduced. Eligible FX demand at the Nigerian autonomous foreign exchange market undercuts total volume of US dollar liquidity at the window,

AfreximBank Disburses $925m Oil-Backed Loan to Nigeria

NGX Loses N85bn as Investors Take Quick Profit The Nigerian Exchange, NGX, lost about N85 billion on Thursday as equities…

Airtel Africa has announced that it will use a foreign exchange rate of N1,485.99 per US dollar to determine the amount payable to its local shareholders in

The Kano Area Command of the Nigeria Customs Service (NCS), said it generated a total of N50.7 billion in May as revenue.

Airtel Africa said it has repurchased its 17386,055 shares from the London Stock Exchange (LSE) since March 1 when the telecom giant launched a share buyback program in London.