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Business & Economy

GTCO Plc records N103billion PBT for Q2 2022

Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has announced profit before tax of N103.2billion, representing an increase of 11.0% over ₦93.1billion recorded...

MTN Nigeria floats N23bn commercial paper to improve working capital

MTN Nigeria Communications Plc says it is in the process of issuing up to N23 billion series three commercial paper notes. The telco announced this...

HoS frowns at non-payment of death benefits of civil servants by insurance companies

Folasade Yemi-Esan, head of the civil service (HoS) has decried the non-payment of death benefits of civil servants to their relatives by insurance companies. According...

FirstBank rewards customers with car, televisions in Verve promo finale

First Bank of Nigeria has rounded off its Verve Card campaign designed to reward customers for their continued usage of the Verve debit Card,...

Emirates back on Nigeria skies, reinstates flight operations to Lagos

Emirates Airlines announced the reinstatement of its flight operations to Lagos, starting September 11, 2022. This is coming on the heels of federal...

Lagos tops list of four states with capital inflow to Nigeria

Reports by the National Bureau of Statistics (NBS) indicate that Lagos State recorded the highest capital importation of $1.05 (68.66 percent) billion in the...

CBN Gov. Emefiele buckles, releases $265 million to airlines for unremitted ticket sales

Faced with the reality of total collapse of aviation sector in Nigeria, the governor of the Central Bank of Nigeria (CBN), Godwin Emefiele announced...

Breaking: Nigeria’s real GDP grows by 3.54% in Q2 2022

Nigeria’s gross domestic product (GDP) grew by 3.54% year-on-year in real terms in the second quarter of 2022, an improvement compared to the 3.11%...

APCON changes name, bans foreign models on local advertising media

The apex advertising regulatory body, the Advertising Practitioners Council of Nigeria (APCON) has announced a change of name. The new name is Advertising Regulatory...

FG completes takeover of Kaduna, Kano, Ibadan and Port Harcourt DISCOs

The Federal Government has announced that it has successfully completed the takeover of struggling distribution companies, including Kaduna, Kano, Ibadan and Port Harcourt DISCOs This...

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