United Airlines grew its operating revenue by 17.1 per cent to $14.2bn in the second quarter of 2023, compared to the same period in 2022.
In a statement announcing the financial results, the company reported quarterly earnings per share of $3.24 and pre-tax margin of 9.8 per cent. Its net income appreciated to $1.1bn.
The momentum from the second quarter was expected to power the company to full…
More than 10 million people have signed up for Threads, Meta’s rival to Twitter, within the first few hours of its launch, the company’s CEO Mark Zuckerberg said on Thursday.
The app went live on Apple and Android app stores in 100 countries at 2300 GMT on Wednesday…
Shell has announced the appointment of Ralph Gbobo as the Managing Director of its gas distribution company, Shell Nigeria Gas Limited, with effect from July 1, 2023.
Ralph succeeds Ed Ubong who has taken up a new position within the Shell group.
Until this appointment…
Nigeria exports N23bn electricity and local consumers lament the power outages
July 6, 2023
Power consumers, on Wednesday, kicked against the export of about N23.13bn worth of electricity from Nigeria to some neighbouring countries in 2022 despite the widespread darkness witnessed in many Nigerian communities.
The latest data on the remittances by international customers, obtained from the Nigerian Electricity Regulatory Commission in Abuja, showed that Nigeria continued its export of…
Giant tech company, Meta, will officially launch its own microblogging app, Threads on Thursday.
With the structure of its service, Threads will ultimately serve as a competitor to the popular social media platform, Twitter.
The launch comes in the wake of a new feature…
Zenith Bank Plc has retained its ranking as the ‘Number One Bank in Nigeria by Tier-1 Capital’ in the 2023 top 1,000 world banks’ rankings published by The Banker Magazine.
The bank had held its position as the number one Tier-1 bank in Nigeria for the fourteenth year…
Mr Okechukwu Unegbu, a financial expert, has called on the Central Bank of Nigeria to check the multiplicity of service charges by Deposit Money Banks.
Unegbu, a past president of the Chattered Institute of Bankers of Nigeria, made the appeal in an interview on Sunday in Abuja.
According to him, banks no longer empathise with their customers, as was the case in the past.
“What we have now is a…
The management of Lekki Deep Seaport has announced the arrival of Rimbaud, the first transshipment vessel to call at the container terminal of the deep seaport.
A statement by the port said that the vessel owned by CMA CGM shipping company, arrived at the terminal on…
President Bola Tinubu Thursday in Lagos said he could have chosen to maintain the multiple foreign exchange systems he met upon assuming office and benefit from it, but instead opted to unify the official and parallel market rates to save the country from financial…
The Federal Government has so far saved about N400bn as a result of the removal of subsidy on Premium Motor Spirit, popularly called petrol, since May 31, 2023, when the initiative was officially implemented, oil marketers stated on Thursday.
Also, the oil dealers stated that there was a high possibility for the cost of petrol to rise in July, going by the recent floating of the naira against…