Transcorp Power Profit Skyrockets by 665% to N20bn in Q1
Transcorp Power Profit Skyrockets by 665% to N20bn in Q1 Transcorp Power Plc bolstered profit performance by more than 665% year on year in the first quarter of 2024, details…
Naira Heads for Best Run, Official Rate Gains 6.6%
Naira Heads for Best Run, Official Rate Gains 6.6% The Nigerian naira roared against the dominant US dollar in the forex market to settle at N1, 072. The local currency…
Tincan Customs Generates N303.9bn in First Quarter of 2024
Tincan Customs Generates N303.9bn in First Quarter of 2024 Comptroller Dera Nnadi, the Customs Area Commander (CAC), Tincan Island Ports (TCIP), says that the command generated a revenue of N303.9…
CBN Slashes Banks Loan to Deposit Ratio to 50%
CBN Slashes Banks Loan to Deposit Ratio to 50% The Central Bank of Nigeria (CBN) has reduced deposit money banks (DMBs) loan to deposit ratio requirement to 50% to soften…
Investors Gain N57bn Equities Market Halts Downtrend
Investors Gain N57bn Equities Market Halts Downtrend The equity market rebounded after eight days of negative performance. Equities investors trading highs and lows on the Nigerian Exchange (NGX) saw a…
Financial Reporting in Hyper-Inflationary Condition Delays VFD Audited Report
Financial Reporting in Hyper-Inflationary Condition Delays VFD Audited Report VFD Group has announced late filing of its 2023 audited financial statement, according to its official statement release on Wednesday. The…
Union Dicon Salt Plc to Hold AGM Amidst Going Concern Threat
Union Dicon Salt Plc to Hold AGM Amidst Going Concern Threat Market value of Union Dicon Salt Plc, a company with going concern threat, has been flattish at N2.214 billion…
Oil Prices Dip as Market Expects US Demand to Slow
Oil Prices Dip as Market Expects US Demand to Slow Oil prices slide as inventory data signal lower demand in the United States (US), the world’s biggest oil consumer, outweighing…
U.S, China Debts Surge to Have Weighty Impact Global Economy –IMF
U.S, China Debts Surge to Have Weighty Impact Global Economy –IMF The two global economic power house, the United States (U.S) and China government rising debts profile has been noted…
TCN Deploys Technology to Detect Sudden Drop in Power Generation
TCN Deploys Technology to Detect Sudden Drop in Power Generation The Transmission Company of Nigeria (TCN) says it has deployed a Generation Dip/Loss Detection System (GLDS) which detects and responds…