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Five banks rake in N3.3tn profit despite harsh economy
Some of Nigeria’s largest banks, including Zenith Bank, Guaranty Trust Holding Company, United Bank for Africa, Stanbic IBTC, and Fidelity Bank, reported record-breaking profits in their 2024 full-year financial results despite an economy struggling with inflation, naira depreciation, and declining consumer purchasing power. The five lenders collectively posted a post-tax profit of N3.317tn. However, economists Read
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MTN Ghana announces GH¢5b profit after tax
MTN Ghana is making a GH¢4 billion dividend payout to shareholders, which is 80 per cent of the company’s GH¢5 billion profit after tax representing a substantial 35.6 per cent increase in dividend per share from 2023.The post MTN Ghana announces GH¢5b profit after tax appeared first on Ghana Business
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OpenAI says it raised $40 bn at valuation of $300 bn
OpenAI on Monday said it raised $40 billion in a new funding round that valued the ChatGPT maker at $300 billion, the biggest capital-raising session ever for a startup. OpenAI has been riding on the success of its latest image-generation features in ChatGPT, the world-leading AI app and
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Falling inflation drives down poverty in Argentina: statistics agency
Argentina's poverty levels fell sharply in the second half of 2024 after leaping during the first months of Javier Milei's presidency, official figures showed Monday. The figures represent a dramatic improvement for the libertarian Milei, whose draconian austerity policies were blamed for driving up the poverty rate to 52.9 percent of the population in the first six months of
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EDITORIAL
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World economies brace for Trump tariffs ahead...
World economies were jittery Monday ahead of US President Donald Trump's "Liberation Day" when he is set to unleash tariffs against multiple countries, risking global turmoil to redress what he says are unfair trade imbalances. Trump insists that reciprocal tariffs are needed because the world's biggest economy has been "ripped off by every country in the
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Tinubu signs Investments, Securities Act 2025...
The enactment of the ISA 2024 reaffirms the authority of the SEC as the highest regulatory authority of the Nigerian Capital Market.The post Tinubu signs Investments, Securities Act 2025 into law appeared first on Premium Times
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Stock Market Gains N3.49trn in First Quarter ...
Kayode Tokede The Nigerian stock market appreciated by N3.49 trillion in the first quarter (Q1) of 2025 as investors reacted to mixed 2024 corporate earnings by listed companies on
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LOXEA Introduces BYD Electric Vehicles in Nig...
Bennett  Oghifo LOXEA Nigeria, a subsidiary of CFAO Mobility, has formally introduced the BYD (Build Your Dreams) electric vehicles to the Nigerian market. By offering BYD vehicles, LOXEA becomes the
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Court stops IBEDC’s shares transfer over ow...
The dispute over the sale of Ibadan Electricity Distribution Company Limited has remained unresolved, as the Federal High Court in Lagos has scheduled May 16, 2025, for the hearing of a lawsuit filed by 86 Gardens Limited against Archlight Nigeria Limited and two others over the alleged transfer of its shares to another company. Ahead Read
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Fri 25th October, 2024
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