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Following the directives of the Office of the National Security Adviser and the Securities and Exchange Commission (SEC) that the naira be delisted from peer-to-peer trading platforms, the exchanges have begun implementing the same. Checks indicate that the naira has been removed as a fiat currency option for transactions on the KuCoin platform…

Nestlé Nigeria Plc incurred additional net foreign exchange losses of N191.6 billion in the first quarter, up from the N195 billion exchange losses last year that eroded the company’s equity base. The foreign exchange losses in the first quarter multiplied the company’s full-year net loss of N79 billion in 2023 close to twice, to N142.7 billion…

Inconsistencies in premium motor spirit (PMS) prices, popularly called petrol, have further compounded controversies in Nigeria's downstream oil sector. As efforts are mustered to make products available, the situation nationwide has left records of irregularities in the prices of products in retail outlets as prices fixed by marketers…

Highly rated, independent investment advisory firms have picked Fidelity Bank as a very attractive stock with the potential to generate high returns for investors. Independent investment research reports by many market pundits reviewed at the weekend showed that Fidelity Bank was assigned a “buy” ticker, a recommendation to investors…

Zenith Bank Plc, Access Holdings Plc, and two other banks reported N724.28 billion in bad loans or Non-Performing Loans (NPL) in the 2023 financial year, an increase of nearly 62 per cent from the N448.28 billion declared in the 2022 financial year. The other two banks are Fidelity Bank Plc and Stanbic IBTC Holdings Plc. NPL in the banking…