Markets

Emmanuel Umoh Set to launch Bodylab Fitness and Fashion In Ghana

Emmanuel Umoh has taking a bold step to make history in Ghana and also reduce unemployment by launching Bodylab Fitness and Fashion branch In Ghana According to his social media post: Hey Emirates, supporters of the brand, lovers of fitness and fashion, Happy to announce that @bodylab_fitnessandfashion will be launching its newest fitness wear series in Ghana this month, yep that’s…
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Economy

Federal govt. needs precaution in rising debt LCCI warns

The Lagos Chamber of Commerce and Industry has expressed worries over debt servicing cost of the Federal Government and advised it to consider deficit financing from equity instead of expensive debts spent on recurrent expenditures. The chamber made the call in a statement…
Energy

Eterna records N4.1bn gross profit in half year

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…
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Energy

Seplat denies ExxonMobil deal cancellation

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…
Economy

NCC expects proliferation of devices

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…
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Banking

FG plan to generate N484bn from e-payment channels

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…
Banking

Naira falls to N680/$ at parallel market despite EFCC’s clampdown

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…
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