Geregu Power records N6.9bn pre-tax profits for Q2 2023
Geregu Power Plc has issued its unaudited 2023 second quarter reports, which indicate pre-tax profits of N6.9 billion. According to The Times,…
Business
MSMEs digitization to boost Nigeria’s GDP by $53bn – NITDA
The National Information Technology Development Agency has stated that digitizing Micro, Small, and Medium Enterprises could improve Nigeria’s GDP by $53 billion. This…
CBN’s funding of FG deficits will hike inflation – IMF
The Central Bank of Nigeria has been encouraged by the International Monetary Fund to take steps to suspend or limit its funding…
Why Dangote may merge rice, sugar, salt companies
NASCON Allied Industries Plc, the salt-producing division of Dangote Industries Limited, will discuss a business merger with two other food companies in…
How growing costs affected United Capital’s Q2 2023 profits – Report
The unaudited financial statement for United Capital Plc’s second quarter, which concluded on June 30, 2023, has been made public. In comparison…
Nigeria to get funding for ID4D project – World Bank
The World Bank has said that Nigeria will now receive funds from the World Bank for the implementation of its Identity for…
Taraba govt to obtain N150bn loan
The Taraba Government has started talks with a group of six Nigerian banks in order to obtain a facility of N150 billion…
VFD Group to raise N32.5bn through equity, debt
Investment company VFD Group has announced plans to raise fresh capital amounting to N32.5 billion through a combination of equity and debt,…
Barge operators decry NPA’s dollar charges
The Barge Operators Association of Nigeria has bemoaned the negative effects of dollar fees levied at the port by the Nigerian Port Authority.…
Investors hit N2trn as stock market records highest since 2008
Due to favourable reactions to the policy measures of the new administration headed by the president, Bola Ahmed Tinubu, investors made N1.93 trillion in…
NNPCL reiterates intention to sell stocks
NNPC Ltd., the Nigerian National Petroleum Company, has reiterated plans to offer its Initial Public Offer to investors very soon. This was…
Flutterwave unveils school fees payment platform for international students
Alex Omenye Flutterwave has introduced a new payment product called Tuition, to enable African customers to conveniently pay various fees to educational…