MTN Loses 5m Users, Records N385.2bn Revenue In Q1, 2021       MTN Nigeria Communications Plc has reported a profit after tax of N73.75bn for the first quarter of 2021, up 42.35 percent from N51.74bn in the same quarter of last year. The telecommunications company said its profit...

External Reserves Lost $350m In Two Weeks - CBN       The country’s external reserves lost $350m in two weeks, falling to $34.9bn on April 29 from a high of $35.25bn as of April 16. Figures obtained from the Central Bank of Nigeria on Monday revealed that the...

CBN N120bn Fund: Consumers Want Meters, Improved Power Supply       Power consumers and power sector experts have tasked the 11 power Distribution Companies (DisCos) on accelerating meter installations for the over eight million customers while improving power supply by enhancing their networks. This is coming on the...

LCCI To CBN: Review Policy On Repatriation Of Export Proceeds     It has become imperative for the Central Bank of Nigeria to review its policy on repatriation of export proceeds, the Lagos Chamber of Commerce and Industry has said. Director-General of LCCI, Dr Muda Yusuf, said this...

Cocoa Exporters Lament Price Slump       Exporters of cocoa are in a dilemma following continuing price slump in the international market. Cocoa, a key ingredient in chocolate, a luxury food product, has also seen a decline in demand. It is among Nigeria’s leading agricultural exports and constitutes...

Five Major Banks Post N680bn Bad Loans       Five of the major banks in the country, also known as Tier-1 banks have posted whopping N683bn non-performing loans in the 2020 financial year. According to the financial reports of the banks, released in April this year to the...