Oil Slides as China Economic Dips, US Dollar Strength
Oil Slides as China Economic Dips, US Dollar Strength Global market prices of crude oil slid on Wednesday over sluggish growth in China, US dollar gains amidst Red Sea tension…
International Breweries Plc.’s Loss Increases by 175% over FX Distress
International Breweries Plc.’s Loss Increases by 175% over FX Distress International Breweries Plc’s loss widened by 175% in 2023 as the company’s foreign currency liabilities on its balance sheet resulted…
NAHCO Posts 130% Profit Growth in 2023
NAHCO Posts 130% Profit Growth in 2023 Nigerian Aviation Handling Company (NACHO) Plc bolstered earnings performance in 2023 with 130% year-on-year growth in profitability, details from its financial statement submitted…
Nigeria Customs Probed for Non-Submission of Audited Reports
Nigeria Customs Probed for Non-Submission of Audited Reports The House of Representatives Public Accounts Committee (PAC) has queried the Nigeria Customs Service (NCS) over the non-submission of audited financial statements…
TotalEnergies Profit Slumps 20% as FX Losses Bite
TotalEnergies Profit Slumps 20% as FX Losses Bite Total Energies and Marketing Nigeria Plc’s profit declined by about 20%, according to details from its financial statement as higher funding costs…
IMF Estimates 3.1% Global Economic Growth for 2024
IMF Estimates 3.1% Global Economic Growth for 2024 The International Monetary (IMF) says global growth is projected at 3.1 per cent in 2024 and 3.2 per cent in 2025. This…
Naira Loses Value 4-Month after CBN Stops FX Injections
Naira Loses Value 4-Month after CBN Stops FX Injections Trading near N1490 per US dollar at the Nigeria autonomous foreign exchange (forex) market, the naira has lost significant value just…
Nigeria Records Growth in Active Calls, Internet Subscriptions
Nigeria Records Growth in Active Calls, Internet Subscriptions The Nigerian Communications Commission (NCC) says the country has witnessed a steady increase in active voice and internet subscriptions, Dr Reuben Muoka,…
Naira Crash Makes FX Rate in Parallel Market Cheaper
Naira Crash Makes FX Rate in Parallel Market Cheaper It has become cheaper to trade foreign currency in the parallel market than the official window as the Nigerian naira crashes…
Geregu Power Declares N8 Dividend as Profit Spikes
Geregu Power Declares N8 Dividend as Profit Spikes Geregu Power Plc’s earnings swelled by 58% due to strong operating performance that boosted its profitability level in 2023. Due to a…