Business

All the recent business news in Nigeria, economy and industry updates.

2023 FY: GTCO Post Profit Before Tax of N609.3billion

Guaranty Trust Holding Company Plc (GTCO) has released its Audited Consolidated and Separate Financial Statements for the year ended December 31, 2023

Zenith post N677bn profit for full year 2023

Zenith Bank Plc released its 2023FY results yesterday  which showed that the bank maintained its strong performance throughout the year as the group’s

CBN approves fx sales to BDCs at N1,101

The Central Bank of Nigeria (CBN) has approved daily sales of 10,000 dollars to about 1,588 eligible Bureau De Change operators at the rate of N1,101

NNPC faces $3bn backlog on petrol payments

The Nigeria National Petroleum Company Limited (NNPCL) owes around $3 billion to fuel traders for imported petrol, three sources told Reuters. The sou

CBN bans Use of foreign currencies as collateral for naira loans

The Central Bank of Nigeria (CBN) has prohibited the use of Foreign Currency-denominated collaterals for Naira loans by all Nigerian banks. This was c