Business and Brands

Fidelity Bank reports N122.15 billion pre-tax profit in 2023, reflects 128% profit growth

Fidelity Bank reports N122.15 billion pre-tax profit in 2023, reflects 128% profit growth

Fidelity Bank Plc has released its condensed unaudited financial statements for 2023. The bank posted a profit before tax of N122.15 billion,…

11 months ago

Billionaire Changpeng Zhao’s Binance sued over alleged Hamas violence link

Cryptocurrency giant Binance, founded by billionaire Changpeng Zhao, is facing a federal lawsuit filed by victims of the terrorist group…

11 months ago

Naira falls to record low of N1,482.57/$1 at the official market

Naira continued its free fall on Tuesday, sinking to a record low of N1,482.57 per dollar following strong demand on the…

11 months ago

Wema Bank reports 104.7% profit growth in 2023

Wema Bank Plc has released its unaudited financial statement for the full year 2023, posting a pre-tax profit of N30.46…

11 months ago

Naira falls to record low of N1,482.57/$1 at the official market

Naira continued its free fall on Tuesday, sinking to a record low of N1,482.57 per dollar following strong demand on the…

11 months ago

High cost of mobile phones hindering digital inclusion in Nigeria – Karl Toriola

The Chief Executive Officer of MTN Nigeria, Karl Toriola, has identified the high cost of mobile phones as an obstacle…

11 months ago

FrieslandCampina-led consortium secures $5 million grant from Gates Foundation for Nigerian dairy sector

The Value4Dairy Consortium, led by FrieslandCampina, has secured a $5 million grant from the Bill and Melinda Gates Foundation in…

11 months ago

Access Holdings gets regulatory approval to acquire majority stake in ARM Pensions

Access Holdings Plc has disclosed that Access Golf Nigeria Limited, a majority shareholder of Access Pensions Limited and a subsidiary…

11 months ago

Naira appreciates to N891.90/$1 at official market

Naira gained against the dollar on Friday, 26th January 2024 at the official market but closed flat at the black market.   The…

11 months ago

Naira further depreciates to 1,410 per dollar on the black market

The naira has hit a record low at the parallel market.  The naira traded at N1,415 on Thursday, Jan. 25,…

11 months ago