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CBN Finalizing $2.4bn FX Backlog Verification, Payments Set To Start Soon

Nigeria, Jan. 30 -- The verification procedure for the remaining $2.4 billion foreign exchange (FX) backlog is being completed, according to the Central Bank of Nigeria (CBN). Payments for legitimate ... Read More


TNC Daily Open: European stocks rise as ECB rate cut looms; Deutsche Bank profits drop

Nigeria, Jan. 30 -- European Stocks Rise Ahead Of Expected ECB Rate Cut European markets were expected to increase on Thursday as investors awaited crucial results, economic data, and the European Cen... Read More


Cadbury Nigeria Reports N2bn Q4 Profit, Cuts Annual Loss By 47%

Nigeria, Jan. 29 -- Cadbury Nigeria PLC's most recent financial statement, posted on the Nigerian Exchange (NGX) on January 27, 2025, showed a pre-tax profit of N2 billion for the fourth quarter of 20... Read More


FG's 10-Year Bond Surges With A 22.6% Yield

Nigeria, Jan. 29 -- A new 10-year tenured bond was issued by the Debt Management Office (DMO) with the highest yield and coupon rate ever recorded for FGN bonds, 22.60%. On Monday, January 27, the 10... Read More


Zenith Bank Raises N350bn Via Rights Issue And Public Offer

Nigeria, Jan. 27 -- Zenith Bank Plc disclosed that it exceeded its target of N290 billion by raising N350.4 billion through its combined rights issue and public offer. The bank said in a statement is... Read More


David Beckham Reveals Core Values His Parents Passed Down To Him

Nigeria, Jan. 27 -- In a chat with reporters at the World Economic Forum in Davos, Switzerland, David Beckham discussed the simple values his parents instilled in him, which he passed on to his childr... Read More


Donald Trump's Return as US President: Implications for Africa's Market and Nigeria's Economy

Nigeria, Jan. 25 -- Donald Trump's potential return to the Oval Office has sparked global discussions about its impact on various economies, particularly in Africa. As a business powerhouse in the reg... Read More


Toyota Leads Global Auto Brands As Tesla Falls In 2025 Rankings

Nigeria, Jan. 25 -- The Brand Finance Global 500 report for 2025 confirms that Toyota Motor Corporation continues to be the most valuable automobile brand in the world. Released on January 21, 2025, ... Read More


Banks Reduce FX Deposit Rates As Supply Increases

Nigeria, Jan. 24 -- Banks lower their interest rates on foreign currency (FX) deposits as the dollar supply improves. During an executive roundtable organized by PwC and BusinessDay on Thursday, Olus... Read More


TNC Daily Open: S&P 500 Hits New High After Trump's Remarks

Nigeria, Jan. 24 -- This report is from today's TNC's Daily Open, our international markets update. TNC Daily Open keeps investors informed on everything they need to know, no matter where they are. ... Read More