Ten Nigerian banks recorded N900.92bn profit before tax in the nine months that ended September 30, 2022, despite an economic downturn in the nation. According to the financial statements of these banks, this is a 21.40 per cent increase from the N742.95bn profit before tax the banks recorded in the …
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Telecommunication companies have registered 16.72 million subscribers in the first nine months of the year, according to new data from the Nigerian Communications Commission. This brings the total number of active GSM lines in the nation to 211.85 million subscribers. The growth in the nation’s total number of subscribers …
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MTN Nigeria, Globacom Nigeria, Airtel Nigeria, MTN Ghana, 9Mobile, and Orange Senegal are among the top 10 telecom service operators nominated for the inaugural Worldex Tech Leadership Awards West Africa 2023. The event is scheduled for February 9, 2023 in Abuja, Nigeria. According to the organisers, the programme will recognise …
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The Federal Government has commenced discussions with a new investor that will share the scope of work with the franchise holders, China Civil Engineering Construction Corporation, to facilitate the delivery of the coastal rail line from Lagos to Calabar The Minister of Transportation, Muazu Jaji Sambo, disclosed this on Thursday …
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Rice production has been predicted to fall by seven per cent within the marketing year, starting from October to September 2023 following insecurity and recent flooding that has eroded rice-growing areas. This is according to the United States Agriculture Department in its latest ‘Nigeria grain and feed update’. According to …
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The Civil Society Legislative Advocacy Centre has said that the Central Bank of Nigeria’s plan to redesign 200, 500 and 1,000 naira notes is not an economic priority for the country, considering the current challenges facing the economy. The Executive Director of CISLAC, Auwal Musa, made this known in a …
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The Nigerian equities market on Thursday reversed its three-day bullish streak due to profit-taking, mainly in stocks of Airtel Africa. Accordingly, investors gained N127 billion or 0.52 per cent as market capitalisation went down to N24.306 trillion from N 24.433 trillion the previous day. Accordingly, the All-Share Index (ASI) declined …
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POLARIS Bank has been bought over by the Strategic Capital Investment Limited (SCIL) from Asset Management Company of Nigeria (AMCON) and Central Bank of Nigeria (CBN). According to report, the purchase was done at the rate of 50billion from the central bank and debt collector agency. CBN’s Director of corporate …
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DELTA Air Lines and Junior Achievement (JA) Africa have renewed their partnership to advance business and STEM (science, technology, engineering and maths) education among young people across the continent. JA Africa is one of Africa’s largest and most impactful youth-serving NGOs delivering hands-on, immersive learning in work, financial health, entrepreneurship, …
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EVA and Schweppes Nigeria teamed up with Lagos Go, as headline sponsors,to treat guests to an exciting time at the Grand Finale of the Lagos Restaurant Festival (LRF). From September 1st to 18th, 2022, the LRF captivated Lagos residents with over 60 participating restaurants to ‘spoil’ culinary lovers with the …
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