Online News Magazine
Online News Magazine
… Blue-Chip, Insurance Stocks Tipped for Strong 2025 Performance Managing Director and Chief Executive Officer of APT Securities and Funds Limited, Kasimu Garba Kurfi, has projected that the Nigerian Exchange (NGX) market capitalisation will surpass ₦100 trillion by the end of 2025, buoyed by foreign exchange stability, strong corporate fundamentals, and increased primary market […]
….. Grows Revenue By 57% and Profitability By 54%, Marking 522% Growth Over 5 Years United Capital Plc, a leading Pan-African investment bank and financial services group, has once again demonstrated its market leadership with the release of its unaudited financial results for H1-2025, showing remarkable growth across key financial indicators. The Group recorded a […]
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has pledged to partner the management of the Nigeria Deposit Insurance Corporation (NDIC) to achieve a strong financial system to grow the nation’s economy The CBN Governor gave the assurance recently during a courtesy call by the newly appointed Management of the NDIC, […]
The Manufacturers Association of Nigeria (MAN) has urged the federal government and the general public not to misconstrue the recently announced 18.3% year-on-year nominal growth in Nigeria’s Gross Domestic Product (GDP) as a reflection of true economic progress. This caution follows the rebasing exercise conducted by the National Bureau of Statistics (NBS), which revealed an […]
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun has inaugurated the new Managing Director/Chief Executive Officer of the Nigeria Deposit Insurance Corporation (NDIC), Mr Thompson Oludare Sunday and Executive Director (Operations), Dr Kabir Sabo Katata Speaking at the occasion held at the ministry’s office in Abuja, the Minister submitted that […]
The Federal Inland Revenue Service (FIRS) realised N14.27 trillion revenue in the first half of 2025, a presidential performance evaluation report indicated. The revenue represents a 43 per cent increase over the N9.98 trillion realised in the same period in 2024. The report said N10.64 trillion was realised from non-oil tax receipts in the first […]
The Central Bank of Nigeria (CBN) has maintained its Monetary Policy Rate (MPR) at 27.50% in a bid to sustain the momentum of disinflation and contain price pressures. The decision was made during the 301st meeting of the Monetary Policy Committee (MPC) on July 21 and 22, 2025. The CBN also retained the Cash Reserve […]
The Federal Inland Revenue Service (FIRS) has concluded plans to host a two-day national conference on Illicit Financial Flows (IFFs) in its efforts to safeguard Nigeria’s financial integrity through tackling the menace which adversely impacts revenue collection. According to a statement by Dare Adekanmbi, Special Adviser on Media to the FIRS chairman, Dr Zacch Adedeji, […]
The International Monetary Fund (IMF) has examined the ongoing reforms at the Federal Inland Revenue Service (FIRS) and commended the agency for what it described as significant progress in its core duties. A Senior Economist at the Fiscal Affairs Department of the global body, Paulo Paz, gave the commendation on Wednesday at the opening of […]
…… Promises To Reinforce Its Financial Position In a remarkable demonstration of investor confidence, Stanbic IBTC Holdings has successfully concluded its Rights Issue, raising an impressive ₦ 148.7 billion. This achievement comes alongside an extraordinary oversubscription rate of 21.9%, reflecting the firm belief and support from existing shareholders. The bank says the strategic initiative not […]
