Bullish Transcorp Group Grows Revenue By 47.3%, PBT by 93.5%
Transnational Corporation Plc (“Transcorp” or the “Group”), Nigeria’s leading listed conglomerate, announces its financial results for the year ended December 31, 2023. The Group achieved substantial growth in its…
Customs generates N1.3trn in first quarter of 2024, says C-G
The Comptroller General of Nigeria Customs Service (NCS), Adewale Adeniyi during a press briefing on the activities of the service in the first quarter of 2024, on Wednesday in Abuja…
Tariff increase will affect only customers on 20 hour power supply -NERC
April 3, 2024 The Nigerian Electricity Regulatory Commission (NERC) says the increase in tariff will only affect customers enjoying 20 hour power supply across the country. The commission said that…
Air Peace records 96% schedule reliability, 70% on-time performance in February
Nigeria’s biggest airline, Air Peace, said it recorded 96% schedule reliability with 70% on-time performance in the month of February. Air Peace which commenced its London flight recently is currently…
Nigeria’s Dangote refinery supplies petroleum products to local market
April 2, 2024 Nigeria’s Dangote oil refinery started supplying petroleum products to the local market on Tuesday, a company executive and fuel marketing associations said, a major step in the…
Moniepoint MFB unveils new feature to combat fraud, enhance convenience
Nigeria’s definitive bank for small and medium-sized businesses, as well as their customers and employees, Moniepoint Microfinance Bank, has unveiled its new Unstructured Supplementary Service Data, USSD service. This service,…
OPEC+ unlikely to change output policy at April 3 meeting
April 2, 2024 An OPEC+ ministerial panel is unlikely to recommend any oil output policy changes at a meeting on Wednesday, five OPEC+ sources told Reuters, as oil prices hit…
CBN’s aggressive fight against inflation, by Arize Nwobu
The Central Bank of Nigeria (CBN) has launched an aggressive fight against inflation in a similar manner the US Fed did under Paul Volcker (1979-1987) and won. It is also…
China could drive Africa’s renewable energy revolution- Report says
April 2, 2024 China has a unique opportunity to drive forward an energy revolution in Africa, but it must first reverse nearly two decades of neglect of green power investments…
FG Announces Increase in Domestic Base Price for Gas market
April 2, 2024 The Federal Government has announced a new Domestic Base Price (DBP) for the gas market wholesale prices of natural gas for 2024, increasing it up to $2.42…