Oando Plc has released its financial result for the year ending December 31, 2023, posting a Profit-After-Tax (PAT) of N60.27 billion — a reversal from the N81.23 billion loss in the previous year. This is according to the Group’s audited…
…Equities end week in red as investors lose N132bn Investors in the Nigerian equities market experienced a trading week to forget this week losing a massive N1.2 trillion on the floor of the Nigerian Xchange Group (NGX) as equity capitalisation…
By Ismail Azeez, Osogbo A Chieftain of the All Progressives Congress (APC) in Osun State Hon. Olatunbosun Oyintiloye, has said the record massive votes and support the party will receive in the forthcoming governorship election in Ondo state will shock…
Osa Igiehon, CEO of Heirs Energies is set to participate in the African Energy Leadership session amongst others at the African Energy Week (AEW) 2024, taking place from November 4-8 in Cape Town, South Africa. AEW 2024, centered on the…
A former presidential spokesman, Dr Doyin Okupe, has urged the Nigerian National Petroleum Company Limited (NNPCL) and oil marketers not to make President Bola Tinubu look bad before Nigerians. Okupe, in a statement over the weekend titled: ‘Dangote Refinery, NNPCL,…
The Federal Government has designated January 28, 2025, as the deadline for operationalising the $5 billion Africa Energy Bank in Abuja, Nigeria’s capital. A Nigerian delegation, led by Permanent Secretary of the Ministry of Petroleum Resources and Executive Board Member…
President Bola Tinubu on Friday congratulated the retired Group Chief Executive Officer of First Bank Nigeria Limited, Dr Adesola Adeduntan, for his service at Nigeria’s oldest bank. The President’s good wishes were contained in a statement signed by Special Adviser…
The recent report from the International Monetary Fund (IMF) highlights a troubling reality in Nigeria’s economic situation. Despite rising debt costs, Nigeria continues to borrow heavily, raising concerns about its financial stability. The IMF warns that without significant changes, the…
The Securities and Exchange Commission has postponed its Third Quarter Capital Market Committee meeting. According to a statement by the SEC over the weekend, the meeting earlier fixed for November 14, 2024, was postponed to allow the commission to attend…
Julius Berger Nigeria PLC has published its financial report, showcasing a 74.04 percent year-over-year growth in pre-tax profits, bringing the cumulative figure to N26.1 billion for the nine-month period ending September 30, 2024. However, in the third quarter alone, pre-tax…
