No one is spared as some of Nigeria's largest companies with significant forex obligations took in record forex losses over the currency devaluations that occurred in 2023 The post Leading Nigerian companies incur a staggering N1.8 trillion in FX losses in 2023 appeared first on Nairametrics ..read more

Dana Air has announced that it is processing refunds for flights affected by its recent temporary suspension.. The post Dana Air initiates refunds following suspension by NCAA for safety audit appeared first on Nairametrics ..read more

The federal government has revoked 924 inactive mining licenses, alleging that miners had facilitated a black market for acquiring mining titles. The post FG revokes 924 mining licenses, accuses firms of license racketeering appeared first on Nairametrics ..read more

The operators commended President Bola Tinubu for the appointment of Dr Emomotimi Agama as the Director-General designate for the SEC. The post Market operators set agenda for new SEC DG appeared first on Nairametrics ..read more

The latest data from the Central Bank of Nigeria (CBN) reveals the extent of the dollar supply shortage as Nigerians grapple with one of the worst currency depreciations in recent years. The data, published in the CBN’s annual bulletin, show that only $9.8 billion was supplied by the central bank through the official Investors’ & […] The post New data reveal forex supply shortage at official window as exchange rates plunged in 2023 appeared first on Nairametrics ..read more

Fidelity Bank has shown resilience in its financial performance, but now faces a critical test: navigating the challenging terrain of the new Central Bank of Nigeria (CBN) recapitalization requirements.   The post Fidelity Bank remains resilient: Can it surmount the new capitalization challenges?  appeared first on Nairametrics ..read more

Checks by Nairametrics show that only a few of the over 260 digital lenders operating in Nigeria are licensed by the Central Bank of Nigeria (CBN). The post Here are 15 loan app companies in Nigeria licensed by CBN appeared first on Nairametrics ..read more

Since the start of April 2024, the NGX has been a bearish run, with the All-Share Index declining by 6.16%, and the market capitalization declining by N3.63 trillion within the same period. The post Bloody run: NGX Investors suffer N3.62 trillion loss in April appeared first on Nairametrics ..read more

Ann Eniyamire, the daughter of the late Justice Moses Bello, former President of the Customary Court of Appeal in Abuja, has petitioned the Federal Capital Territory High Court in Bwari, Abuja, seeking entitlement to 11.11% of her late father's properties, including estates and stocks. The post Property Dispute: Ex-Judge’s daughter seeks 11.11% share of late father’s estate and stocks, demands N500 million appeared first on Nairametrics ..read more

NCC's data shows that the total number of active mobile connections in the country stood at 219 million. The post Nigeria’s 5G subscriptions rise to 1.24% in March 2024—NCC appeared first on Nairametrics ..read more