The International Monetary Fund (IMF) has reported that Nigeria’s Gross Domestic Product (GDP) per capita declined to $835.49 in 2025 from $877.07 in 2024, marking a 4.74% decrease. This reflects…
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Citibank Nigeria Limited is celebrating its 40th anniversary, reflecting on four decades of growth and impact in the Nigerian financial sector. The bank, originally founded as Nigeria International Bank Limited,…
Stanbic IBTC Capital Limited has successfully led the issuance of Presco Plc’s N82.89 billion bond, reinforcing its role as a major player in Nigeria’s capital market. The seven-year, 23.75% senior…
FBN Holdings shares recorded a notable 7.86% increase week-to-date (WTD), closing the week ending January 10, 2025, in the green, despite a complex legal dispute with General Hydrocarbons Limited (GHL).…
Stanbic IBTC Pension Managers has further strengthened its commitment to youth empowerment by investing N50 million into Nigerian talents across fashion, technology, music, and dance through the third season of…
The Accountant General of the Federation (AGF), Dr. Oluwatoyin Madein, has reaffirmed her dedication to promoting integrity, transparency, and a zero-tolerance policy for corruption in the accounting profession. This pledge…
Africa’s mounting debt crisis is becoming an obstacle to economic growth and prosperity. During the recent launch of the Debt Management Forum for Africa in Nigeria, African leaders discussed strategies…
Alibaba Reports 18 Percent Drop in Annual Profit Amid AI Spending and Economic Challenges Chinese technology giant Alibaba Group has reported a sharp decline in annual profit as the company…
Business
Transcorp Power Reports 115% Revenue Growth and 165% PAT Increase, Declares N37.5bn Full Dividend
Transcorp Power Plc, a subsidiary of the Transcorp Group, has recorded impressive financial results for the year ending 2024, marking significant growth in both revenue and profitability. In its audited…
Business
SEC Targets Massive Growth for Nigeria’s Commodities Exchanges, Promises Innovation and Job Creation
The Securities and Exchange Commission (SEC) is setting its sights on transforming Nigeria’s commodities exchanges into powerful engines of economic growth, job creation, and poverty reduction. In a recent meeting…
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