Category: Business
Naira leaps further, gains 7.2% against dollar
The Naira on Friday experienced huge appreciation at the official market, trading at N1,142.38 to the dollar. The recovery made by the Naira was discovered from...
Appreciation of Naira will reduce Electricity Tariff says Adelabu
Caption: Adebayo Adelabu,Minister for Power Minister of Power, Adebayo Adelabu, says the N225 Kilowatt-Hour being paid by electricity consumers on Band A will reduce if...
Why The Naira is Appreciating Rapidly
Caption:Reno Omokri By Reno Omokri I see supporters of a certain candidate spreading the propaganda that our foreign reserves dropped because the Tinubu administration...
Lagos- Calabar Highway Project:Umahi faults Atiku says project Costs N4bn Per Kilometre not N8bn
Caption:Umahi,Works Minister The Minister of Works, David Umahi, has said the government is constructing the Lagos-Calabar coastal highway at a total cost of N4bn...
UBA declares N2.30 kobo final dividend for Y2023
Image:UBA Corporate HQ …gross earnings rises by 143% YoY, profit hits N757.7bn ….Shareholders’ Funds Hits N2.0tn, achieving an impressive growth of 120.2%. IN...
EFCC to clamp down on Schools,Hospitals others charging in dollars
The Economic and Financial Crimes Commission (EFCC) has issued a stern warning to establishments such as schools, supermarkets, hotels, and others, cautioning...
Discos earns N3.2tn in four years
……grows revenue by 109% The 11 electricity Distribution Companies (Discos) raked in N3.2 trillion in the last four years, growing revenue by as much as 109...
GTCO posts N609.3bn pre-tax profit
GUARANTY Trust Holding Company Plc (GTCO) has reported a Profit Before Tax of N609.3 billion for the financial year ended Dec.31, 2023. This represented an...
New electricity tariff is pro-poor, not a burden on majority of Nigerians.*
Caption: Adebayo Adelabu,Minister for Power By Dapo Okubanjo When the National Electricity Regulatory Commission (NERC) announced what has been described as a hike in...
CBN Bans customers from using forex as collateral for Naira loans
THE Central Bank of Nigeria (CBN) has warned bank customers to desist from using foreign currency as collateral for Naira loans. Acting Director, Banking...
