The earnings of Ecobank Transnational Incorporated (ETI), a pan-African banking group, rose to the highest in at least nine years of N311 billion in the first six months of 2024, data compiled by newsmen shows. According to the firm’s latest…
FCMB Group has commenced its public offer of N110 billion at N7.30 kobo per share to meet the capital requirements placed on banks by the Central Bank of Nigeria (CBN). FCMB Group is issuing 15,197,282,219 ordinary shares of 50 kobo…
By Esther Agbo Nestle Nigeria Plc faced a challenging first half of 2024, recording a pre-tax loss of N252.5 billion, a stark increase from the N69.1 billion loss in H1 2023. Despite these financial difficulties, the company’s revenue surged by…
In response to escalating economic hardships exacerbated by surging inflation and a series of government policy changes, Nigeria is bracing for widespread protests scheduled for August. It is up to the government to determine a response that will not make…
By Seun Ibiyemi In a bid to cushion the effect of the planned protest by Nigeria citizens, to fight against inflationary trend, the Federal Government, through the Nigeria Customs Service (NCS), has suspended import duties and taxes on some items…
The Senate on Tuesday launched an investigation into the appropriation of N4.2 billion for personnel costs at the Ajaokuta Steel Company Limited, despite allegations that the workers are unverifiable. The Senate’s Ad-hoc Committee on Ajaokuta Steel Company Limited and National…
…Nigerians should be patient with Tinubu — Igbo Coalition …Demand release of Nnamdi Kanu Amidst rising tensions and calls for protest, Igbo community groups in Lagos have issued a resolute plea urging traders to refrain from participating in any planned…
Seplat Energy PLC, a prominent Nigerian independent energy company listed on both the Nigerian Exchange and the London Stock Exchange, has reported its unaudited results for the six months ending June 30, 2024, revealing robust financial performance amidst operational advancements.…
Ahead of the local government election scheduled for October 5, 2024, in Akwa Ibom State, the University of Calabar has officially denounced the degree certificate presented by Mr. Akaniyene Tommey Ikott, the Transition Committee chairman of Eket Local Government Area,…
By Dennis Udoma, Uyo The Akwa Ibom State Government has refuted allegations claiming its involvement in the eviction and demolition of Anyam/Esa Union Farmlands along new Ring Road 3 in Uyo, the state capital. Capt. Iniobong Ekong (Rtd), the Commissioner…
