The Federal Government has vowed to go ahead with the planned implementation of a five percent hike in call and data tariff. A statement from the...
Nigeria is not benefitting from the high global prices of oil, the Nigeria Economic Summit Group (NESG) and Oando Plc have said. Low oil production rate, theft and...
Ikeja Electric Distribution Company (IKEDC) generated N155,012.01 as total revenue from electricity distribution companies in 2021 was N761.17billion. According to a report published by the National...
The Economic and Financial Crimes Commission (EFCC) on Wednesday said some banks failed as a result of mismanagement by top officials. The chairman Abdulrasheed Bawa spoke...
Arodva Plc, a Nigerian oil and gas marketing company majority owned by Nigerian businessman Abdulwasiu Sowami, has denied reports that it is facing a winding-up petition...
Nigeria’s leading oil and gas companies earned a whopping sum of N625.075 billion as revenue in the half year of 2022, outpacing their earnings in the...
Africa’s wealthiest man Aliko Dangote saw his billion-dollar year-to-date wealth gains turn into a $66-million year-to-date loss, as his net worth dropped by $863 million at...
Nigerian billionaire industrialist Abdul Samad Rabiu and his son received a N62.9-billion ($151.6 million) dividend from his stake in BUA Foods Plc, his newly consolidated food...
Zenon Petroleum & Gas Limited, an oil marketing company founded by Nigerian billionaire Femi Otedola, has filed a winding-up petition against Prudent Energy and Services Limited,...
Capital Hotels Plc has crossed N10billion in market capitalisation on the Nigerian Exchange Limited (NGX) over its recently concluded 1,611,995,510 ordinary shares of 50 Kobo each...
Wema Bank Plc raked in gross earnings of N60.3 billion at the close of its half-year operations, top record growth of 46 per cent year-on-year. Though...
Governor Hope Uzodinma of Imo says the continuos theft of crude oil in the country was a direct sabotage to Nigeria’s economy. He said this after...