Big 4 maintain market dominance as audit firms earn N17.34 billion fees in 2023
The big audit firms in Nigeria, KPMG, PWC, Deloitte, and EY, typically referred to as the Big Four maintained industry...
Nigerian banks pay N166.4 billion to NDIC as Deposit Insurance premium in 2023
Nine publicly listed commercial banks paid a sum of N166.4 billion as deposit insurance premium to the Nigerian Deposit Insurance...
Banks staff experience 44.3% increase in salaries as banks incur N800 billion in 2023
Commercial banks spent a total of N799.8 billion on staff salaries in 2023, representing a 44.3% increase when compared to...
Naira has fallen by 26.8% since CBN declared it as “best performing currency”
The exchange rate between the naira and the dollar closed the week at N1,466/$1, reaching a two-month low as a...
CBN releases Official List of Deposit Money Banks in Nigeria as of April 2024
The latest list released by the CBN categorizes these banks based on the scope of their banking license—international, national, and...
Nigerian Stocks: List of Dividends announced in 2024
This is a list of Dividends announced so far in 2023 and their percentage yield.
BREAKING: FBNH, UBA, GTCO, Access Bank, drop out of trillion market cap club
As of December 2023, Nigeria's largest banks had a total net asset value of N9.7 trillion but only a combined...
MTN Nigeria’s net forex losses rises to staggering N1.39 trillion
MTN Nigeria reported a net foreign exchange loss of N656.3 billion in the first quarter of 2024 as a continuation...
Banks declare massive dividend payouts amid capital raise
Recent dividend announcements by major Nigerian banks have highlighted a complex interplay between shareholder returns and Central Bank of Nigeria...
Leading Nigerian companies incur a staggering N1.7 trillion in FX losses in 2023
No one is spared as some of Nigeria's largest companies with significant forex obligations took in record forex losses over...
