Browsing Tag
Finance
121 posts
Trump Media Posts $238 Million Loss Amid Cryptocurrency Market Decline
Trump Media and Technology Group recorded a $238 million loss last quarter, citing the volatility of its cryptocurrency investments despite modest revenue growth from its social media platform.
Lawmakers and NDIC Collaborate to Enhance Depositor Safeguards Post-Recapitalization
Nigerian lawmakers and the NDIC are collaborating to bolster banking sector safety and depositor protection following the completion of recent industry-wide recapitalization.
Thames Water issued £1m recruitment bonus to finance head
Struggling utility giant Thames Water issued a £1 million signing bonus to its finance chief while grappling with £20 billion in debt and the threat of temporary nationalisation.
Taraba State Rejects Allegations of Accumulating ₦1.2 Trillion Debt
The Taraba State government has formally denied reports that it borrowed ₦1.2 trillion, with Finance Commissioner Sarah Adi citing DMO data to show domestic debt has actually decreased under Governor Agbu Kefas.
Six Major Nigerian Banks Distribute N1.27 Trillion in Dividends
Despite strong profits, only six Nigerian banks issued dividends in 2025, as the Central Bank of Nigeria enforced strict regulatory standards that prevented five other profitable lenders from making payouts.
Peller Reveals Wedding Expenditure Exceeded N300 Million
Content creator Peller states he spent over N300 million on his wedding, sparking fan speculation about the event's financial returns.
Taraba State disputes N1.2 trillion debt report as inaccurate
The Taraba State government has dismissed reports of a N1.2 trillion debt burden, clarifying that authorized credit lines and proposed financing should not be conflated with the state's actual current liabilities.
The Financial Instability Plaguing Professional Cycling Teams
An investigation into the collapse of Hess Cycling reveals how the sport's reliance on sponsorship and lack of TV revenue create a fragile environment for professional teams and their staff.
Femi Falana States EFCC Possesses Legal Authority to Freeze State Accounts
Legal expert Femi Falana defends the EFCC's authority to freeze state government accounts, citing key appellate and Supreme Court precedents that validate the commission's investigative powers.
Businesses anticipate a drop in loan interest rates within three months
A recent survey by the Central Bank of Nigeria reveals that businesses expect a slight decline in borrowing costs over the next three months despite current financial pressures.