Naira Devaluation: MTN, Airtel Lost N1.29 trillion in 2023 The devaluation of the naira last year took a big bite out of the revenues of two of the country’s biggest telecommunications companies. Airtel and MTN Nigeria lost N1.29 trillion to the devaluation. MTN posted a loss...

Naira Devaluation: MTN, Airtel Lost N1.29 trillion in 2023 The devaluation of the naira last year took a big bite out of the revenues of two of the country’s biggest telecommunications companies. Airtel and MTN Nigeria lost N1.29 trillion to the devaluation. MTN posted a loss...

Dangote Cement Announces N553.10bn Profit Dangote Cement Plc has announced has a profit before tax of N553.10billion in financial year ended December 31, 2023, representing an increase of nearly six per cent from the N524 billion reported in 2022 financial year. The cement manufacturing company also...

Dangote Cement Announces N553.10bn Profit Dangote Cement Plc has announced has a profit before tax of N553.10billion in financial year ended December 31, 2023, representing an increase of nearly six per cent from the N524 billion reported in 2022 financial year. The cement manufacturing company also...

How CBN Will Settle N1.64tn Treasury Bills in Q2 2024 The Central Bank of Nigeria (CBN) has revealed its strategy to settle Treasury Bills (TBs) worth N1.64 trillion during the second quarter of 2024. The initiative, it was learnt, is as part of the apex...

Oversubscription of Open Market Bills Show of Confidence in Economy – CBN The Central Bank of Nigeria (CBN) said it successfully concluded a sale of government securities, issuing N1.053 trillion (about $680 million) in short-term instruments as part of its liquidity management exercise. The apex bank...