United Bank for Africa (UBA) Plc reported a net trading and foreign exchange income of N37.04bn for the first quarter ended March 31, 2025—representing a 236.3 per cent increase from N11.90bn posted in the corresponding period of 2024. The growth was largely driven by higher yields from fixed-income […]
Category: Exclusives
Exclusives
Tariff Pressures To Push Global Public Debt Past Pandemic Levels-IMF ….. Sees Global Public Debt At Nearly 100% Of GDP by 2030
Economic pressures from steep new U.S. tariffs will push global public debt above pandemic-era levels to nearly 100 per cent of global GDP by the end of the decade as slower growth and trade strain government budgets, the International Monetary Fund said on Wednesday. The IMF’s […]
CBEX Not Registered By Us, Say SEC … Reminds Public To Always Verify Registration Status
The Securities and Exchange Commission has stated that Crypto Bridge Exchange also known as CBEX was not granted registration by the Commission at any time to operate as a Digital Assets Exchange. In a Circular dated April 17, 2025, the Commission stated that its attention has been […]
Access Holdings Records 88% Growth in Gross Earnings To N4.878trn
Access Holdings Plc has announced its audited financial results for the full year ended December 31, 2024. The Group delivered 88 per cent year-on-year growth in gross earnings, rising from N2.594trn in 2023 to N4.878trn in 2024. According to the group’s financial results seen by THE […]
SEC, SMEDAN Partners On Enlightenment Campaigns For SMEs Financing
The Securities and Exchange Commission is to collaborate with the Small and Medium Enterprises Development Agency of Nigeria to implement joint nationwide sensitization campaigns on financing SMEs through the Capital Market. Director General of the SEC, Dr. Emomotimi Agama who stated this during a meeting with SMEDAN in Abuja, […]
SEC: ISA 2025 Bans Unregistered Digital Asset Exchanges, Online Forex Platforms
The newly enacted Investments and Securities Act, 2025 (ISA 2025) has made it illegal to operate digital asset exchanges or online foreign exchange trading platforms without formal registration with the Securities and Exchange Commission (SEC). Signed into law by President Bola Ahmed Tinubu, ISA 2025 significantly strengthens the regulatory framework […]
Fitch Sees Limited Impact of U.S. Tariffs on Africa
Global credit rating agency Fitch Ratings has said that the ongoing freeze on U.S. foreign aid and rising global trade tensions, including the imposition of tariffs, are unlikely to lead to widespread credit downgrades cross Africa. The agency noted that the region’s limited integration into global value chains […]
Africa Prudential Pays 82% Of Earnings Per Share As Dividends
Africa Prudential Plc has announced a ₦1.2bn total dividend payout following its financial performance in 2024. The company’s Profit After Tax (PAT) grew by 88 per cent, rising from ₦962.9m in 2023 to ₦1.81bn in 2024. The company introduced an interim dividend of 15 kobo per share […]
Wema Bank Reports ₦102.51bn pretax profit
Wema Bank Plc has released its full 2024 financial results with a profit before tax of ₦102.51bn, representing an increase of 135 per cent over the ₦43.59bn recorded in the corresponding period in 2023. The Bank also proposed a dividend of N1.00 per share on the back of the […]
Fidelity Bank Records 210.0% Growth In PBT To N385.2bn …Declares a total dividend of N2.10 per share
Fidelity Bank Plc, released its 2024 full-year Audited Financial Statements, reporting a 210 per cent growth in Profit Before Tax to N385.2bn. According to the Bank’s results released on the Nigerian Exchange (NGX), Gross Earnings increased by 87.7 per cent to N1,043.4bn, driven by 106.9 per cent […]