Blog

Uba Sani inaugurates first liquefied gas station in Kaduna
Oil and Gas

Uba Sani inaugurates first liquefied gas station in Kaduna

Kaduna State Governor, Senator Uba Sani, on Tuesday, inaugurated the first Liquefied Compressed Natural Gas station established by Greenville LNG in Kakau, Kaduna State. Sani stated during the event that the new facility would not only alter the state but would also permit the employment of the teeming youths roaming the streets, hence strengthening the state economy. […]

Nigeria one of countries most affected by energy shift - APPO
Energy

Nigeria one of countries most affected by energy shift – APPO

Nigeria and its African neighbours have been identified as the primary victims of the industrialized world’s rapid energy transformation. The Punch reported that the  Secretary-General of the African Petroleum Producers’ Organisation, Omar Farouk, stated that the countries of Africa were being pressured to stop the exploration of fossils on Monday at the 3rd Biennial International Conference […]

FBNH, GTCO join NGX banking index
Economy

NGX All-Share Index grows 0.5% as stock market recovers

The All-Share Index increased by 0.5% to reach 67,217.77 points, marking the end of several days of bearish runs and the return of the equity market to positive territory. The Times reported that equities increased by N187 billion as the market capitalization of the exchange increased to N36.9329 trillion from N36.742 trillion the day before. The […]

GTCO hits N433bn profit in Q3 2023
Banking

GTCO Holdings records N105.8bn pretax profits in 2023 Q3

The parent company of GT Bank, GTCO Holdings Plc, reported a pre-tax profit of N105.8 billion in the third quarter of 2023, up 59.17% year over year from the N66.47 billion reported in the third quarter of 2022. According to The Times, the company’s profit after tax for the third quarter of 2023 was N86.93 billion, up […]

PwC records $53.1bn revenues
News

PwC records $53.1bn revenues

    Accountancy and consulting firm, PwC, said it recorded global revenues of $53.1 billion in the fiscal year that ended June 30, reflecting 11.8% growth in local currency, excluding the impact of the sale of its immigration advising business in April 2022 and its pullout from Russia. According to The Times, recently released data […]

CAC uncovers 189 fraudulent companies
News

CAC uncovers 189 fraudulent companies

    Bisola David The Corporate Affairs Commission has uncovered 189 fake companies used to secure land allocations in the Federal Capital Territory. The CAC Registrar General, Hussaini Magaji, stated this during a press conference on Tuesday in Abuja. He explained that the discovery of a non-existent company led him to investigate further, resulting in […]

Kingsley Moghalu
Business

How to fix Naira crisis – Moghalu

Former Deputy Governor of the Central Bank of Nigeria, Prof. Kingsley Moghalu, has suggested ways in which Naira crisis can be fixed. Speaking at the 29th annual Nigerian Economic Summit held in the capital city, Abuja, Moghalu said Nigeria must shift focus to an export-driven economy in ensuring naira’s recovery. The summit, titled ‘Pathways to […]

BREAKING: Tinubu emerges ECOWAS Chairman
Business featured

Tinubu directs implementation of tax reforms committee’s recommendations

President Bola Tinubu on Tuesday directed the immediate implementation of recommendations of the Presidential Fiscal Policy and Tax Reforms Committee across all Ministries, Departments and Agencies. ⁣ To achieve the swift implementation, Tinubu asked his Special Adviser on Policy Coordination, Hadiza Usman, to liaise with the Office of the Secretary to the Government of the […]

IGR
News

Lagos, Rivers, FCT maintain IGR dominance — Report

The National Bureau of Statistics has said Lagos, Rivers, and the Federal Capital Territory lead the other states in terms of internally generated revenue in 2022, just like they did in 2021.   According to the NBS report on Internally Generated Revenue At the State Level for 2022, Lagos, Rivers and FCT generated ₦651,145,633,085.30, ₦172,823,232,535.44, […]

Bitcoin holder Micro Strategy loses $440K to hackers
Business

Bitcoin hits over $30,000 since May 2022 – Report

The Bitcoin cryptocurrency nearly reached the $35,000 mark early on Tuesday, beginning what is expected to be the biggest bullish run of Bitcoin this year. According to The Times, Bitcoin maintained its bullish run after reaching the $30,000 barrier on Monday, October 23, 2023, with a significant jump occurring at 11.45 p.m. the same day when it reached the […]

Fidelity Bank targets $250m Nigeria, UK businesses' deal
Banking

Fidelity Bank plans trade show in Texas

Fidelity Bank Plc has announced that the second edition of the Fidelity International Trade and Creative Connect, dubbed FITCC Houston, will take place in Houston, Texas, in the United States of America. The Punch reported that the international expo will be held from October 24th to 25th, 2023 at the sumptuous George R. Brown Convention Centre, […]