First HoldCo Plc has announced a total dividend payout of N25.13 billion for the financial year ending December 31, 2024. The decision was approved at the company’s 13th Annual General …
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NGX Ends Bullish Streak as Investors Lose N202 Billion After CBN Holds Interest Rate
The Nigerian Exchange Limited (NGX) closed last week on a bearish note, breaking its four-week bullish streak, as investors’ wealth declined by N202 billion. This downturn followed the Central Bank …
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Standard Chartered Launches Global Campaign to Attract Affluent Investors, Emphasises Urgency in Wealth Planning
Standard Chartered Bank Limited has unveiled a new global marketing initiative tagged “Now’s Your Time for Wealth,” aimed at inspiring affluent clients to take decisive steps toward growing, protecting, and …
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NDPHC Cries Out Over N600bn Debt, Says Power Plants Struggling Despite 4,000MW Capacity
The Niger Delta Power Holding Company (NDPHC) has raised alarm that it is being owed nearly N600 billion by the Nigeria Bulk Electricity Trading Plc (NBET) and other bilateral power …
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Berger Paints Declares N1.20 Dividend as Shareholders Hail Strong 2024 Performance
Shareholders of Berger Paints Nigeria Plc (BPN) have approved a total dividend payout of N1.20 per share for the 2024 financial year, signalling confidence in the company’s performance and leadership. …
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Naira Gains Ground Against Dollar as CBN Holds Interest Rate Steady
The Nigerian naira has shown consistent strength against the US dollar throughout the week, culminating in a notable appreciation on Friday, May 23, 2025.Data from the Central Bank of Nigeria …
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GBFoods Launches Five New Products to Enrich Nigerian Cuisine and Support Food Vendors
In a move to further cater to the diverse culinary preferences of Nigerian consumers, GBFoods Nigeria has unveiled five new products aimed at enhancing meal experiences while offering convenience and …
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Nigerian Stock Market Sheds N274bn Amid Sell-offs in Large, Mid-Cap Equities
The Nigerian Exchange Limited (NGX) closed Thursday’s trading session in the red, as widespread sell-offs in mid- and large-cap stocks led to a loss of N274 billion in market value. …
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FG Offers N300bn Bonds in May Auction to Raise Funds for 2025 Budget
The Debt Management Office (DMO) has announced the public offering of N300 billion worth of Federal Government of Nigeria (FGN) bonds for subscription through auction, as part of the government’s …
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CBN Holds Interest Rate Steady Amid Stronger FX Stability and Rising Reserves
The Central Bank of Nigeria (CBN) has decided to keep its interest rate steady at 27.5 per cent. This decision was announced after the bank’s 300th Monetary Policy Committee (MPC) …