Browsing Tag
Finance
84 posts
NNPC Records N19.04 Trillion Revenue in Half-Year Financial Report
The NNPC recorded N19.04 trillion in revenue and N2.28 trillion in profit during the first half of 2026, alongside progress on critical gas infrastructure.
Nigerian Exchange suffers N1.005 trillion valuation drop
The Nigerian stock market recorded a massive N1.005 trillion loss on Thursday, continuing its downward trend as 44 stocks declined amid increased trading volume.
Globus Bank Secures First Credit Ratings from Fitch
Globus Bank has achieved its inaugural credit ratings from Fitch Ratings, earning a 'B-' Long-Term IDR with a stable outlook, reflecting its strong financial performance and successful recapitalization efforts.
CBN Mandates N19 Billion in Customer Refunds as Banking Complaints Grow by 11 Percent
Bank customer complaints rose by 11 percent in 2025, leading the Central Bank of Nigeria to order N19.12 billion in refunds and issue N1.69 billion in penalties to financial institutions.
Nigeria’s SEC launches digital registration system for capital market operators
The Securities and Exchange Commission has launched a fully digital registration portal to modernize market operations and improve regulatory speed for existing capital market operators in Nigeria.
National Assembly Praises SEC for Financial Discipline and Revenue Gains
The National Assembly has commended the Securities and Exchange Commission for its improved revenue generation and prudent financial management, challenging the agency to surpass its 2026 growth targets.
S&P Global Acquires Controlling Interest in Agusto & Co.
S&P Global is set to acquire a majority stake in the Pan-African rating agency Agusto & Co. to improve credit transparency and expand its influence in African debt markets.
Real Madrid Hits Historic 1.2 Billion Euro Revenue Milestone Amidst Trophy Drought
Despite a lack of trophies, Real Madrid secured a world-record 1.221 billion euros in revenue, fueled by stadium renovations and new sponsorships.
Apple introduces new monthly leasing service for premium devices
Apple is launching a new leasing program for premium products in the U.S. to help consumers manage rising hardware costs and encourage more frequent device upgrades.
Nigerian Equities Decline by N76 Billion in Monday Trading Session
Investors saw a N76 billion reduction in market value on Monday as profit-taking triggered a decline in the Nigerian stock exchange.