Business and Economy
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Forensic audit seeks return of stolen government funds, not a witch-hunt – Gov Otti
By Ihechinyere Chigemeri-Uwom Nvosi (Abia), May 5, 2024 Gov. Alex Otti of Abia has said that he initiated forensic audit…
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Nigerian, Ugandan journalists share experiences on impact of oil industry on environment
Nigerian and Ugandan journalists on Saturday concluded a knowledge and experience exchange programme on the environmental impact of oil extraction.…
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Ibom Deep Seaport will be economic catalyst for Nigeria – Gov Eno
Akwa Ibom State Governor, Pastor Umo Eno, has urged Senator Godswill Akpabio, to use his position as the President of…
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Afreximbank to discuss mobilizing investment in African Energy at Invest in African Energy 2024
PARIS, France, May 2, 2024 Director of Project and Asset-Based Finance for the African Export-Import Bank (Afreximbank), Helen Aigbe Brume,…
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Transcorp Group delivers impressive Q1 2024 performance; Sustains revenue growth of 173%, PBT of N45 billion
Transnational Corporation Plc (“Transcorp” or the “Group”), Nigeria’s leading, listed conglomerate with investment in the Power, Hospitality, and Energy sectors,…
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Transcorp grows revenue to N88.6bn
By Rukayat Adeyemi Lagos, May 1, 2024 Transnational Corporation Plc (Transcorp) says it recorded N88.6 billion revenue as at March…
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Backward integration: Dangote targets 700,000MT of refined sugar in four years
.…As Q1 revenue rises by 20.1% to N122.7bn Dangote Sugar Refinery Plc (DSR) has unveiled plans to produce 700,000 metric…
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Transcorp Hotels’ expansion plans boost investor confidence; Reports N42bn revenue in 2023
….. Shareholders commend Board, Management as Transcorp Hotels delivers another record-breaking year …..Reports N42bn revenue in 2023 Abuja, Nigeria –…
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$4 Trillion is new annual financial target to save Sustainable Development Goals, says African Development Bank’s Adesina
RIYADH, Saudi Arabia, April 29, 2024 African Development Bank Group President Dr. Akinwumi A. Adesina has emphasized the critical need…
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Dangote cement export of clinker, cement increased by 87.2%
Management of Dangote Cement Plc has revealed that the company dispatched seven ships of clinker- from Nigeria to Ghana and…
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Africa: Afreximbank, FCI’s regional factoring conference in Zimbabwe attracts over 200 participants
HARARE, Zimbabwe, April 26, 2024 In its ongoing commitment to establish factoring as a viable financing solution for Africa’s small…
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President Tinubu appoints Nigeria’s renowned Banker, Jim Ovia as Chairman, Nigerian Education Loan Fund
President Bola Tinubu has approved the appointment of the Founder and Chairman of Zenith Bank Plc, Jim Ovia, CFR, as…
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Q1 2024: More Nigerians buy Dangote Cement, as volume rises by 26.1% to 4.6MT
Strategies adopted by Dangote Cement to increase sales and ensure an adequate supply of products to customers are yielding the…
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Afreximbank dominates Bonds, Loans, ESG Capital Markets Awards 2024
CAIRO, Egypt, April 23, 2024 The African Export-Import Bank (Afreximbank) (www.Afreximbank.com) swept the stage at the recently concluded Bonds, Loans and…
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Akwa Ibom is safe haven for investment – Former President Jonathan
Nigeria’s former President, Dr. Goodluck Jonathan, has described Akwa Ibom State as a safe haven for investment. The former president…
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NNPC Ltd, partner unlock 12,000bpd production from Awoba Unit Field
Keen on optimising production from the nation’s hydrocarbon assets to boost revenues and meet the nation’s OPEC production quota, the…
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Be bold, reverse anti-people policies, Prof. Ekpo tells Tinubu; Says: Improve power supply for productive economy
Former Vice Chancellor of University of Uyo and a leading Professor of Economics and Public Policy, Prof. Akpan Hogan Ekpo,…
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Fidelity Bank MD commends Air Peace London service; Onyema hails Fidelity
L-R: Vice Chairman, Air Peace, Mrs Alice Onyema; Chairman, Air Peace, Dr Allen Onyema; MD, Fidelity Bank Plc, Dr Nneka…
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Account for trillions of Naira of FAAC allocations or face legal action, SERAP tells 36 governors, Wike
Socio-Economic Rights and Accountability Project (SERAP) has urged Nigeria’s 36 state governors and the Minister of the Federal Capital Territory,…
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Transcorp Power Plc records 775% PBT jump in Q1 2024 with impressive revenue growth
Ughelli, Delta State, April 17, 2024: Transcorp Power Plc (Transcorp Power), one of the electricity generating subsidiaries of Nigeria’s leading,…
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NNPC Ltd, partners donate 2,300-seater ultra-modern library to Niger Delta University
As part of its commitment to encourage learning and academic excellence, the Nigerian National Petroleum Company Limited (NNPC Ltd) and…
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NCDMB receives $1m return on investment from NEDOGAS
The Nigerian Content Development and Monitoring Board (NCDMB) on Monday received a cheque of $1 million from Nedogas Development Company…
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ASR Africa Initiative commences N250m intervention project at Danfodiyo varsity
ASR Africa Initiative Groundbreaking ceremony for the construction of N250 million office blocks for the College of Health Sciences, Usmanu…
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UBA announces record gross earnings; Capitalization exceeding N2 trillion
United Bank for Africa (UBA) Plc, led by its Group Managing Director/CEO Oliver Alawuba, disclosed its robust financial performance at…
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Georgieva to serve second term as IMF Managing Director
By Okeoghene Akubuike Abuja, April 14, 2024 The Executive Board of the International Monetary Fund (IMF) has selected Kristalina Georgieva…
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