An integrated energy provider, Eterna Plc, said it recorded N4.1bn gross profit for the half year ended June 30, 2022.
It said in a statement on its half-year financial statements released on the floor of the Nigerian Exchange Limited, that this was 57.9per cent increase against from N2.6bn gross profit recorded in the corresponding period of 2021.
The statement said it recorded an operating…
A Professor of Economics at Covenant University, Ota, Jonathan Aremu, has said Nigeria must place equal emphasis on importation to maximally gain from the Africa Continental Free Trade Agreement.
Aremu made the call recently while presenting a paper titled ‘Accelerating…
Seplat Energy, on Thursday, said it had not received any official notification from the Federal Government reversing its proposed acquisition of the entire share capital of Mobil Producing Nigeria Unlimited.
The company also said it was seeking clarification from relevant…
Executive Vice Chairman, Nigerian Communications Commission (NCC), Prof. Umar Danbatta, has said emerging technologies and advancements in the sector demand that the Commission is prepared to match these developments with appropriate regulations and guidelines.
With the technological advancements anticipated in the coming years, it is expected that there will be a proliferation of devices in the…
President Buhari has reversed his approval of Seplat Energy’s purchase of ExxonMobil’s assets.
Special Adviser to the President on Media & Pubcity, Mr Femi Adesina, had, two days ago, said President Buhari approved the purchase of ExxonMobil share by…
The Federal Government is set to make a total of N483.73bn in three years from electronic payment boom by way of the Electronic Money Transfer Levy.
This projection was made by the Budget Office of the Federation and revealed in its 2023 – 2025 Medium Term Expenditure…
The naira yesterday weakened against the dollar at the parallel section of the foreign exchange (forex) market.
Bureaux De Change operators (BDCs), popularly known as ‘abokis’, said the local currency depreciated by N15 or 2.3 per cent to trade at N680 per dollar at the street market.
Last week, the naira closed at N665 to a dollar at the street market.
The street traders put the buying price…
The Federal Government’s total borrowing from the Central Bank of Nigeria through Ways and Means Advances rose from N17.46tn in December 2021 to N19.91tn in June 2022.
According to data from the CBN, this shows that the Federal Government borrowed N2.45tn from the apex…
Introducing limited edition of STAR GIRL SKIN TREATS – Face soap (in cupcakes) and Body Soap in other treat shapes because soaps shouldn’t be boring!
They are made from the finest ingredients and with so much love to nourish, remove impurities and leave you…
Oyo State Governor, Seyi Makinde, has inaugurated Africa’s first cassava-based sorbitol factory in Iseyin.
The factory’s financing was facilitated by First City Monument Bank (FCMB), Psaltry International Limited (PIL) and Unilever Nigeria.
Makinde said: “This is another value addition to cassava which Oyo State is known to produce in large quantities. We are glad that the strategies…