The International Monetary Fund (IMF) defines foreign direct investment as a type of cash inflow wherein investors transfer their funds to a business in a different economy with the intentio...
A recent report revealed that the naira has continued to strengthen against the US dollar as it re-recorded a positive move on Wednesday, much to the delight of Nigerians, both at the official foreign...
The Central Bank of Nigeria (CBN) announced it has started selling $10,000 to Bureau De Change (BDC) operators, offering them direct access to US dollars at a discounted rate of N1,021 per dollar.This...
In its recent report, Stanbic IBTC Holdings Plc announced that the firm plans to raise over N550 billion through a debt issuance program and a rights issue.The bank, in a notice filed with the Nigeria...
Dangote Cement Plc released its first quarter (Q1) report yesterday. The quarter ended March 31, 2024, and was unaudited. The cement company reported that profit before taxes was N166.4 billion, up 13...
Stakefair recently received $670,000 in pre-seed investment and is now prepared for a full-scale roll-out. Adaverse, Nestcoin, Kepple Africa Ventures, Canza Finance, Voltron Capital, Echo VC Cha...
According to data from BusinessDay, Stanbic IBTC Holdings Plc's generated profit in the first quarter (Q1 2024) of this year was the highest in at least 13 years.In the first quarter of 2023, its pre-...
Nestlé Nigeria Plc's recent report shows a revenue growth of 43.4% to N183.5 billion in the first quarter of 2024.The Company's unaudited Q1 results for the period ended March 31, 2024, were released...
According to Reuters, Massmart Holdings Limited, a South African (SA) company and the continent's second-largest consumer products distributor, has revealed plans to close down 14 Game stor...
MTN Nigeria Communications Plc recently released its report for Q1 2024, which shows that the telecommunications company recorded a loss after tax of N392.7 billion.The company reported a net foreign ...