Business
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Naira holds steady at N1,530/$ in official market
The Nigerian naira remained unchanged against the US dollar in the official foreign exchange market on Tuesday, closing at N1,530…
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Jaiz Bank posts N23.48bn full-year profit, doubling earnings in 2024
Jaiz Bank Plc, Nigeria’s leading non-interest financial institution, reported a robust N23.48 billion profit after tax for the 2024 financial…
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Tesla shares drop on Musk, Trump feud ahead of Q2 deliveries
Tesla shares dropped 7% from Friday’s closing price of $323.63 to the $300.71 close on Tuesday ahead of the company’s…
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World Bank grants Nigeria additional $65m to boost procurement reforms
The World Bank has approved an extra $65 million in funding for Nigeria to strengthen its public procurement processes and…
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Elon Musk’s xAI secures $10 bn to scale AI ambitions, build infrastructure
Elon Musk’s artificial intelligence venture, xAI, has successfully secured $10 billion in new funding to accelerate its infrastructure development and…
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NGX unveils new index constituents in latest half-year market rebalancing
Nigerian Exchange Limited (NGX) has released the results of its latest half-year market index review, introducing a fresh mix of…
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Stanbic IBTC Bank Nigeria PMI: Output growth slows but business confidence rises sharply
The Nigerian private sector remained in growth territory as the first half of 2025 drew to a close, and business…
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Stanbic IBTC Bank strengthens regulatory, customer relations with strategic trade forum
L-R: Jesuseun Fatoyinbo, Head, Transaction Banking, Corporate and Investment Banking, Stanbic IBTC Bank; Lauretta Utubor, Team Lead, Advance Rulings, Nigeria…
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Fidelity Bank hits N1trn market cap after share price increase
The Cable NG reports that the market capitalisation of Fidelity Bank has crossed the N1 trillion mark as the share…
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Fidelity Bank statement on CNN circulation on forbearance loans
Sponsored Fidelity Bank Plc (“the Bank”) refers to the recent circular issued by the Central Bank of Nigeria “CBN” (Reference…
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