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Digital Income Pushes Africa Prudential’s Profit To N936m At H1
Africa Prudential Plc is making a major rebound this year from three years of falling profit to register a 13 per cent growth in after-tax profit to N936 million at the half year. The company’s resort to digital technology income underlies…
Nigeria Drops 86th In Overall Digital Wellbeing – Study
Nigeria is now ranked 86th in the world in digital wellbeing, dropping from 82nd position since last year's edition, research conducted by Surfshark has shown.
Surfshark is a VPN service company located in the Netherlands. It is a…
Zinox Chair Stan Eke, Wife, 11 Others In Court Over Alleged N170.3m Contract Fraud
Finally, Stanley Eke, the Chairman of Zinox Group, his wife, Chioma, and 11 other suspects are now to tell the Federal High Court, Abuja their roles in an alleged N170.3 million contract fraud.
The decision to prosecute Stanley has…
Another Recession Will Damage Nigeria’s Economy – CBN
The Central Bank of Nigeria (CBN) has said the risk of yet another global recession would be extremely damaging for fragile economies that are still bogged down in the lag impact of the 2020 recession.
He fingered especially emerging…
Nascon Allied Rebounds From Q1 Profit Dip, Build N1.5bn Profit At H1
Nascon Allied Industries Plc moved against the general downward trend in corporate earnings results in the second quarter and generated an after tax profit of N1.1 billion in the quarter. This figure is three times the N386 million profit…
Banks Raise Lending Rates By 3% As CBN Sterilizes N6.9trn From Banking System
Commercial banks increased lending rates by as much as 3 per cent to about 38 per cent last week after the Central Bank of Nigeria (CBN) debited them by a whopping N6.9trillion on Thursday, the result of the decision of the Monetary Policy…
The Exchange Turns Red In Q3, Bleeds Off N1.48trn
The sign of a troubled economy manifested in the just concluded third quarter when the Nigeria's stock market closed negative, buoyed by adverse performance across all the sector, leading to a N1.48 trillion loss to investors.
The…
Analysts Disagree On Naira’s Further Devaluation As Markets Seeks Fair Value
Analysts have sharply disagreed over further devaluation of the Naira despite recent central bank upward review of rates across board after Monetary Policy Committee (MPC) meeting on Tuesday September 27.
While some say that the CBN will…
GTCO Promises Finest At 2022 Fashion Weekend
Fashion and style enthusiasts around the world can once again look forward to experiencing unparalleled fashion moments at the 2022 Guaranty Trust (GTCO) Fashion Weekend scheduled to hold on November 12th and 13th, 2022, at the GTCentre in…
NPA Concludes Concession Agreement With Operators, Seeks FG’ s Approval
The Nigerian Ports Authority (NPA), has disclosed that the concession agreement with five terminal operators that have expired have been concluded and will be submitted to the Federal Ministry of Transportation for final approval renewal.…