Art Hotel Will Promote Nigerian Arts, Crafts
Minister of Information and Culture, Lai Mohammed, has said that the newly inaugurated Art Hotel in Lagos; will promote indigenous…
Day: August 1, 2022
Transcorp Records N13.36bn Profit.
Transnational Corporation Plc has said it recorded N13.36bn profit before tax in the first six months of 2022. A statement…
FG Failed To Provide N100bn Electricity Subsidy – Nigeria Discos.
Electricity distribution companies on Sunday reacted officially to the takeover/restructuring of five Discos; by the Federal Government through the Bureau…
BDC Operators Urge Central Bank To Abandon Offical Rate As Naira Continues To Fall.
The Association of Bureaux De Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN); to abandon…
NESTLE, MTN Drive SWOOTs Capitalization Down By N724 Billion.
The combined market capitalization of stocks worth over one trillion (SWOOTs) depreciated by 3.49% to close at N20.01 trillion; from…
FUGAZ Investors Lose N42.21 Billion.
The market capitalization of the top five banks, referred to as the Tier-1 banks or FUGAZ, depreciated by 1.89%; to…
Guinness Nigeria Boosts Revenue From Sales of Malta, ‘Ready to Drink’ Brands.
Guinness Nigeria Plc, a subsidiary of Diageo Plc, has announced its audited results for the period ended 30 June 2022;…
UK Inflation Expectations Fall Again As BoE Nears Rates Decision.
The British public’s expectations for inflation fell again in July, a survey showed, potentially adding to the case; for the…
CBN Vows To Stop Naira Fall- Nigeria.
The Central Bank of Nigeria has advised Nigerians to resist the urge of succumbing to speculative activities of some players in…
Nigerian Exchange Lifts Suspension On Trading In The Shares C&I Leasing.
Nigerian Exchange Limited (NGX) has lifted the suspension placed on trading in the shares of C&I Leasing Plc. The Exchange…
NGX’s Top 3 Gainers For The Month Of July 2022- Nigeria.
The Nigerian equity market is now on its second consecutive month of decline as it posted a negative performance; in…
FG May Increase Gas Flaring Penalties- Nigeria.
There are indications that the Federal Government may increase gas flaring penalties as Nigeria races; towards achieving its commitment to the…
2022 Half Year: MTN Reports N181 Billion Profit In 6 Months.
Nigerian telecommunication company, MTN Nigeria has reported a total profit of N181 billion for the first half of the year…
Telecom Italia’s Network Boss Expected To Leave Company.
The head of Telecom Italia’s (TIM) (TLIT.MI) network is expected to leave after the summer; in a move that may further complicate…