Friday, November 6, 2026
FMDQ revenues up 44% to N31bn in FY20, beating COVID-19 challenges
PBT rose 22% to N16.16bn The FMDQ Group, Africa’s first vertically integrated financial market infrastructure group, has reported...
Read moreDetailsIMF says $650bn SDRs available for allocation from August 23 following board approval
Money to help vulnerable countries scale pandemic As part of efforts aimed at boosting liquidity and fostering the...
Read moreDetailsNigeria quits regional maritime organisation over cold-shoulder reception
Nigeria has withdrawn its membership of the Maritime Organisation for West and Central Africa (MOWCA) following strong reservation over the...
Read moreDetailsGlobal insurers record massive $42bn claims payout in H1 ‘21
The global insurance market paid out huge claims estimated to have reached $42 billion in the first half of 2021,...
Read moreDetailsKuda Bank ready for expansion outside Nigeria, raises $55m in $500m valuation
Kuda, Nigeria’s first fully digital bank, has raised $55 million in a Series B funding round to fuel its expansion...
Read moreDetailsNNPC ramps up March petroleum product sales to N234.63bn from N188bn
White products yearly sales generated N2.129trn, with petrol accounting for N2.113trn Gas flare rate went up 9.50%, as Nigeria...
Read moreDetailsCBN finally clips BDC wings, but FX round-tripping stinks among bankers
BY PHILLIP ISAKPA & CHARLES ABUEDE Analysts react in mixed sentiments; asks if ban is reminiscent of 2016 episode...
Read moreDetailsNigeria’s oil block ownership: A dubious national oil industry management
By Ben Eguzozie, in Port Harcourt; Dikachi Franklin, in Owerri & Onome Amuge, in Lagos Stakeholders want its immediate,...
Read moreDetailsCyber extortion: The next new scramble
By Godwin Nnanna, Special Correspondent, in Boston, United States Amidst resurging Covid-19 pandemic, an epidemic of cyber-extortion is pummeling...
Read moreDetailsCommonwealth countries lose $345bn trade in 2020 pandemic, says report
Countries under the Commonwealth are estimated to have lost up to $345 billion worth of trade in 2020 as a...
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