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Mecure Industries Shares Surge, Lifting Udani Fortunes

Mecure Industries shares have surged nearly 239%, sharply increasing Udani family wealth and sparking debate over fundamentals and free float on the Nigerian Exchange.

Dangote Seeks Congo Backing for Potash Mining Project

Aliko Dangote is exploring a potash mining project in Congo, seeking to strengthen fertiliser supply chains and extend his industrial footprint beyond cement.

Reps Launch Probe Into Excessive Bank Charges

Nigeria’s House of Representatives has ordered an investigation into arbitrary deductions by commercial banks and directed the CBN to publish a clear list of approved charges.

Emefiele’s $4.5bn Fraud Trial Delayed Over Phone Evidence Dispute

Emefiele’s $4.5bn fraud trial stalled again after EFCC and defence clashed over phone forensic test procedures in Lagos court.

The Untold Impact of Digital Currency Adoption on Nigeria’s Informal Economy

KEY POINTS Digital currency adoption is transforming Nigeria’s informal economy, bringing both benefits such...

Two Sentenced in Lagos for Spraying Naira Notes at Social Event

KEY POINTS Two social media personalities, TDollar and TobiNation, were sentenced to six months...

House of Representatives Calls for Suspension of CBN’s ATM Charges

KEY POINTS The House of Representatives has urged the CBN to suspend its planned...

Diaspora Remittances Surge 79 Percent To $4.18billion– Cardoso

CBN reports diaspora remittances up 79 Percent to $4.18bn in 9M’24.

Cardoso Calls for Skilled Graduates to Strengthen Finance Sector

CBN Governor Olayemi Cardoso stresses the need for more skilled finance graduates to drive Nigeria’s economic growth, calling for enhanced collaboration with academic institutions.

CBN to Reveal Owners of Dormant Accounts Annually

The CBN will publish the names of dormant account owners annually to enhance transparency and manage unclaimed balances effectively.

Nigeria’s Economic Woes: Poor Diversification, Excess Liquidity Cited by CBN

CBN Governor Yemi Cardoso attributes Nigeria's economic woes to poor diversification and excess liquidity, raising interest rates to combat inflation.

Nigeria’s Inflation Battle Intensifies as MPC Meets

Nigeria's inflation battle intensifies as the MPC meets to decide on measures to curb rising prices. Key areas include interest rates, currency stability, and food security.

Former Currency Director Denies Receiving Naira Redesign Minutes

Former CBN Director Ahmed Umar testifies he didn't receive minutes from the Naira redesign meeting, amidst the trial of suspended Governor Godwin Emefiele.

Why CBN Excluded Retained Earnings in Its Recapitalization Terms

In a move aimed at bolstering the stability of Nigeria's banking sector, the Central...

Latest articles

Mecure Industries Shares Surge, Lifting Udani Fortunes

Mecure Industries shares have surged nearly 239%, sharply increasing Udani family wealth and sparking debate over fundamentals and free float on the Nigerian Exchange.

Dangote Seeks Congo Backing for Potash Mining Project

Aliko Dangote is exploring a potash mining project in Congo, seeking to strengthen fertiliser supply chains and extend his industrial footprint beyond cement.

Unilever Nigeria Posts 44 Percent Revenue Growth in Results

Unilever Nigeria reported a 44 percent rise in turnover and a doubling of profit after tax, supported by strong brand demand and operational efficiency.

Nigeria Military to Court-Martial Officers Over Alleged Coup Plot

Nigeria’s Defence Headquarters will court-martial 16 officers after an internal probe found cases to answer, including allegations linked to coup plotting.