External reserves drop to $42.86bn in February

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Nigeria’s foreign exchange reserves is at a two-month low of $42.86bn, according to the latest data from the Central Bank of Nigeria. Read more

AB9NGK Nigerian Central Bank, Abuja, Nigeria. Image shot 2007. Exact date unknown.

Transcorp grows profit by 94% in 2018

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Transnational Corporation of Nigeria Plc (Transcorp), Nigeria’s leading diversified listed conglomerate, has announced its audited results for the year ended 31st December 2018, with a 94% growth in Profit After Tax (PAT) of ₦20.6bn in 2018 compared to ₦10.6bn in the prior year. Read more

Hope for higher transaction margin as BDCs digitalise operations

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The Association of Bureaux De Change Operators of Nigeria (ABCON) has digitalised its operations, ending years of manual filling of regulatory reports. Read more

Currency in circulation hits N2.32trn, CBN report says

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The fourth quarter 2018 report just released by the Central Bank of Nigeria, CBN, has shown that currency in circulation as at the end of December, 2818 rose 20.9 percent to stand at N2.32 trillion. Read more

Stocks Market Returns To Positive With 0.12% Gain

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The Nigerian stocks market, yesterday rebounded by 0.12 per cent on renewed bargain hunting. Read more

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