Ayodeji Adegboyega

6 days ago | premiumtimesng.com | Ayodeji Adegboyega

The Federal High Court in Abuja has dismissed a lawsuit filed by MultiChoice Nigeria Limited, which sought to stop the Federal Competition and Consumer Protection Commission (FCCPC) from investigating recent increases in subscription prices for DStv and GOtv services. The commission disclosed this Thursday in a statement signed by the Director, Corporate Affairs, Ondaje Ijagwu. Justice James Omotosho struck out the case, describing it as an abuse of court process.

1 week ago | premiumtimesng.com | Ayodeji Adegboyega

After recording a record loss of N1.27 trillion in 2023, the Central Bank of Nigeria (CBN) returned to profitability in 2024 with a surplus of N38.8 billion, newly released financial statements show. The turnaround was largely driven by a sharp rise in revaluation gains and profits made when the value of assets such as foreign reserves increased, alongside a tripling of “other income” to N12.9 trillion.

1 week ago | allafrica.com | Ayodeji Adegboyega

The CBN posted a profit after tax of N38.8 billion. The Central Bank of Nigeria returned to profit in 2024, posting a surplus of N38.8 billion after recording a massive loss of N1.15 trillion the year before, its new financial statements show. According to the statements, the profit was driven mainly by a jump in income from financial investments and revaluation gains, profits made when the value of assets like bonds or foreign reserves rose.

1 week ago | premiumtimesng.com | Ayodeji Adegboyega

The Central Bank of Nigeria returned to profit in 2024, posting a surplus of N38.8 billion after recording a massive loss of N1.15 trillion the year before, its new financial statements show. According to the statements, the profit was driven mainly by a jump in income from financial investments and revaluation gains, profits made when the value of assets like bonds or foreign reserves rose. The CBN earned N1.89 trillion from such gains in 2024, compared with a loss of N28 billion the year before.

2 weeks ago | premiumtimesng.com | Ayodeji Adegboyega

Guaranty Trust Bank will from 1 May begin charging N6 for each SMS transaction alert, up from the current N4, marking a 50 per cent increase in the fee.