FBN Holdings Reports Strong Q1 2024 Performance with N238.53bn Profit Before Tax
FBN Holdings Plc announced a profit before tax (PBT) of N238.53 billion for the first quarter (Q1) ended March 31, 2024, reflecting an impressive...
Nigeria’s GDP Growth Slows to 2.98% in Q1 2024, Driven by Services Sector
The National Bureau of Statistics (NBS) has reported a decline in Nigeria’s Gross Domestic Product (GDP) growth rate to 2.98% in the first quarter...
CBN Increases Interest Rate to 26.25%, Prompting Protests from OPS
The Central Bank of Nigeria (CBN) has implemented a significant increase in its benchmark interest rate, the Monetary Policy Rate (MPR), from 24.75% to...
CBN Mandates Existing BDCs to Reapply for New Licenses, Sets December Deadline Under New Guidelines
The Central Bank of Nigeria (CBN) has issued new guidelines for Bureau de Change (BDC) operators, mandating all existing BDCs to reapply for new...
FG to Launch Construction of 1,250 Housing Units in Four Northern States
The Federal Government is set to kick off the construction of 1,250 housing units across four northern states this week, marking the first phase...