Okomu Oil Palm reports N32.9bn pre-tax profit in 2023
Nigeria’s top oil palm production firm, Okomu Oil Palm, has revealed its financial results for FY 2023, reporting a pre-tax profit of N32.9…
Nigeria
DataPro gives FSDH Merchant Bank an “A” rating
A credit rating agency in Nigeria, DataPro, has granted FSDH Merchant Bank Limited a long-term rating of “A” with a stable outlook…
Access Holdings subsidiary purchases ARM Pensions
Access Pensions Limited, an Access Holdings affiliate, has purchased a majority share in ARM Pensions Managers Ltd. The PUNCH reported that a…
X blocks search for Taylor Swift over deepfake pictures
In response to a recent surge in the dissemination of graphic AI-generated fakes featuring the globally renowned recording artist Taylor Swift, X…
Landwey: Couple demands N22m compensation over alleged contract breach
A Nigerian couple located in the United States is seeking N22 million in compensation from Landwey Investment Limited for a contract breach…
Elon Musk loses World’s richest man title
Luxury goods maker, Bernard Arnault has surpassed Elon Musk to claim the title of the world’s wealthiest person, Forbes reports. The founder…
Niger, Mali, Burkina Faso quit ECOWAS
Three West African nations, Niger, Mali, and Burkina Faso, have left the Economic Community of West African States after military intervention. The…
Nigeria Railways records 103% rise in Q3 2023 income
The Nigeria Railway Corporation generated around N1.895 billion in income from passenger and cargo transportation in the third quarter of 2023. The…
FCMB increases earnings by 207% to N95bn
FCMB Group has recorded a 206.86 per cent increase in profit for the fiscal year ending December 2023 to N95.52 billion. According to…
Why fossil fuel phaseout is unavoidable – UN
The United Nations Secretary-General, António Guterres, stated that phasing out fossil fuels was not only necessary but also unavoidable. The PUNCH reported…
Subsidy removal to make space for development spending – IMF
The International Monetary Fund has stated that, while Nigeria and other low-income debtors are yet to request debt relief, high debt servicing…
10 unbelievable things Nigeria imports
Countries around the globe frequently partake in the importation of goods, especially when local manufacturing or production cannot meet the demands of…