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Markets
Northern Billionaires split biggest chunk of Jaiz Bank’s N4.91bn dividend
Nigeria’s premier non-interest financial institution, Jaiz Bank Plc recently got shareholders approval for a massive 57 percent increase in its dividend payout to 11 kobo per share following a stellar financial year 2025....
Economy
States’ IGR hits five-year high on income tax
Pay As You Earn (PAYE) pushed the internally generated revenues (IGR) of 36 states and the Federal Capital Territory (FCT) to a five-year high in 2023, demonstrating that subnational governments...
Editor | Oct 30, 2024
Naira
Naira bounces back as liquidity improves
The naira, on Tuesday, recovered from its losses against the dollar, gaining N40.20, following improved liquidity at the official foreign exchange (FX) market....
Editor | Oct 30, 2024
Technology
How Moniepoint joined league of Nigerian unicorns
When Team Apt, a startup specialising in digital financial solutions, rebranded to Moniepoint in early 2023, it was processing $10 billion in transactions monthly for more than 400,000...
Editor | Oct 30, 2024
Economy
Nigeria's GDP Rebasing: What it means beyond the numbers
In 2014, Nigeria made global headlines when its economy was declared the largest in Africa, with the gross domestic product (GDP) surging by 89 percent to $510 billion....
Editor | Oct 29, 2024
Naira
Tumbling naira tests CBN resolve to build reserves
The naira fell to a fresh low in both the official and unofficial markets Monday as dollar liquidity tumbled, testing the Central Bank’s resolve to prioritize building its external reserves...
Editor | Oct 29, 2024
Housing
Investment in student housing rising on higher returns
There is a growing interest in student housing as investors enjoy favourable returns across campuses. The investment interest is driven by about 22 percent...
Editor | Oct 29, 2024
Oil & Gas
Nigeria taps Chevron, ExxonMobil for cooking gas relief
The Nigerian government is exploring partnerships with international oil giants, Chevron and ExxonMobil, in a bid to alleviate the persistent cooking gas shortages and soaring prices....
Editor | Oct 29, 2024
Economy
Nigeria’s GDP Rebasing: What it means beyond the numbers
Summary: As Nigeria prepares for its GDP and CPI rebasing in November 2024, the economy is expected to see a significant statistical boost, particularly from sectors like fintech, entertainment, and digital services....
Editor | Oct 28, 2024
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