The Distribution Companies (DisCos) have debunked the allegations of load rejection reported in the media last week. It was circulated in the media last week that there have been discrepancies between the Transmission Company of Nigeria (TCN) and DisCos data.…
The President of the Federal Republic of Nigeria, Muhammadu Buhari, GCFR, today flagged off the construction of Nigeria LNG Limited’s (NLNG) Train 7 project during the groundbreaking ceremony at the Company’s plantsite on Bonny Island, Rivers State. The project is…
By Kayode Tokede eTranzact International Plc has released its earnings forecast for the third second quarter (Q3) ending September 30th , 2021 at the Nigerian Exchange Limited (NGX) with a revenue of N5.926 billion up from N4.689 billion forecasted for…
By Kayode Tokede The Board of underwriter, LASACO Assurance PLC has appointed Razzaq Abiodun as its new Managing Director and chief executive officer, following the retirement of Segun Balogun at the end of May, 2021. Gertrude Olutekunbi, company secretary of…
…Targets $70 million profit Nigerian National Petroleum Corporation (NNPC) through its subsidiary Duke Oil has sealed a pact to supply 30,000 barrels per day crude oil supply to Indonesia’s state oil corp, Pertamina, and Indian Oil Corporation. The development, which…
By Kayode Tokede Investors on the Nigerian Exchange Limited (NGX) equities market on Tuesday lost N340 billion following sell-offs in Airtel Africa Plc and 25 others. As a result, the All-Share Index fell by 648.99 basis points, representing a drop…
Discourse over the state of the Nigerian economy has been one of mixed colourations. The ready reflections of the songs to revamp the economy have been with resonating effects in recent times. However, the recognition of red signals which readily…
By Kayode Tokede Red Star Express Plc, a quoted firm on the Nigerian Exchange (NGX) that is into provision of courier, freight forwarding and logistics services, mailroom management services, warehousing, e-commerce has released a forecast of income forecast for second…
The Aliko Dangote Foundation has disbursed N200 million to 20,000 women under its economic empowerment programme in Bauchi state, the Chairman of the Foundation, Alhaji Aliko Dangote, said in Bauchi, on Tuesday. Inaugurating the disbursement exercise, Dangote, who was represented…
The National Bureau of Statistics (NBS) says the inflation rate reduced in May by 0.19 per cent to 17.93 per cent from 18.12 per cent recorded in April. NBS in its “Consumer Price Index (CPI), May 2021” report on Tuesday…
