Arts
2 days ago
First City Monument Bank recorded a Profit Before Tax (PBT) of N111.9 billion for the financial year ending Dec. 31, 2024. This was confirmed in a corporate statement released through the Nigerian Exchange Ltd. The statement revealed that PBT grew by 71 per cent, impacted by a 56.6 per cent decline in revaluation income and…
30 Mar
The federal government has secured a 12 billion Japanese Yen (N123.2 billion) credit facility from the Japan International Cooperation Agency (JICA) to achieve sustainable and resilient agriculture under the National Agricultural Growth Scheme and Agro-Pocket (NAGS-AP). The Minister of Agriculture and Food Security, Senator Abubakar Kyari, disclosed this during a meeting with JICA's Economic Development…
25 Mar
In a move aimed at enhancing intra-African trade, the Kenya Association of Manufacturers (KAM) and the Kenya National Chamber of Commerce and Industry (KNCCI) embarked on a Kenya-Nigeria Trade Mission on March 17-18, 2025. With a gross domestic product (GDP) of over $100 billion, Kenya is an economic powerhouse on the continent. In recent years,…
23 Mar
Save the Consumers, a Nigeria-based Non-Governmental Organisation, has condemned the recent 21 per cent price increase imposed by MultiChoice Nigeria on its DStv and GOtv services, effective March 1, 2025. The group alleged that, contrary to Nigeria’s experience, the company reduced its charges in South Africa by about 38 per cent within the same period.…
19 Mar
The Debt Management Office (DMO) has announced plans to raise N300 billion for the Federal Government through the March 2025 bond auction. The decision is part of a broader plan to raise N1.8 trillion from the bond market during the first quarter of 2025
13 Mar
Tantalizers Plc has secured a $25 million financing facility to support its expansion into Nigeria’s blue-chip economy and other sectors beyond its established Quick Service Restaurants (QSR) business. As part of its diversification strategy, the company has already acquired vessels equipped with modern technology to drive its new deep-sea fishing venture. At the ‘Facts Behind…
10 Feb
A leading indigenous commodities export company, Neveah Limited, says its state-of-the-art aluminium and copper recycling plant in Ogun State
10 Feb
European and Asian stock markets rose Monday as traders appeared to shrug off US President Donald Trump's latest tariff announcement surrounding levies on steel and aluminium. This was in contrast to a week ago when tariff announcements from Trump sent global equities tumbling. "The fact that global equity indices are higher at the start of…
6 Feb
The Nigerian Ports Authority (NPA) has increased all port rates and dues from seven per cent to 15 per cent as its first tariff adjustment in
2 Feb
To foster collaboration among key stakeholders in addressing environmental challenges in the Niger-Delta, Ashoka Africa
2 Feb
The Securities and Exchange Commission (SEC) has reaffirmed its commitment to ensure investors get equitable access to financial services and investment opportunities. A statement by SEC said the commission’s Executive Commissioner, Corporate Services, Mrs Samiya Usman, made the commitment on Sunday. Usman said the commission’s dedication to fostering an inclusive financial ecosystem that empowered women…
2 Feb
Following are the results of Match Day 22 fixtures in the 2024/2025 Nigeria Premier Football League (NPFL), played on Sunday: Plateau United FC 1-1 Shooting Stars FC Kano Pillars FC 0-0 Bayelsa United FC Nasarawa United FC 2-0 Niger Tornadoes FC Heartland FC 2-0 Rivers United FC Abia Warriors FC 2-0 Akwa United FC The…
30 Jan
Guinness Nigeria has announced key changes to its Board of Directors, reflecting its commitment to strong corporate governance and strategic leadership. The announcement is contained in a statement signed by the company’s Legal Director/Company Secretary, Mrs. Abidemi Ademola. The statement announces as follows: “Dr. Omobola Johnson will retire as Chair of the Board of Directors…