Business
Dangote Sugar records N50.21bn profit, N276bn revenue in 2021
The Dangote Sugar Refinery says it has recorded a gross profit of N50.21 billion and profit-after-tax of N22.05 billion at the close of...
GTCO Plc Posts Whopping Profit Before Tax of ₦221.5bn for 2021
Guaranty Trust Holding Company Plc (“GTCO Plc” or “the Group”) has posted Profit-Before-Tax of ₦221.5billion, representing a 7.0% drop from ₦238.1billion recorded...
$2.1tn targeted globally on renewable energy in 2022, says Wunti, NAPIMS boss
He said: “$2.1 trillion is expected to be spent on renewable energy in the year 2022. All to fund renewable; That is three...
Cement high prices: BUA Group fingers middlemen, competitors
A cement manufacturing company, the BUA Group has blamed middlemen and other manufacturers for the high cost of cement in the...
COVID-19: CBN says over N3trn loans disbursed to revive economy, create jobs
By Ajuma Edwina Ameh To facilitate economic recovery and generate employment opportunities in the wake of the...
NNPC Ltd generates ₦2.61trn, petrol contributes 99.76% from August 2020 to August 2021 — Report
A total revenue of ₦2.61 trillion with petrol contributing about 99.76% was generated from the sales of white products from August...
Tony Elumelu: “I was excited to witness AFCON final hosted at UBA-financed world-class Olembe Stadium, Yaoundé, Cameroon
The United Bank for Africa (UBA), a Nigerian pan-African financial services group, financed the world-class Olembe Stadium, Yaoundé, Cameroon which hosted...
BP records highest profit in last eight years
The London based BP oil company has seen its profits surge to the highest in almost a decade, thanks to rising crude and...
In 2021, Nigeria loses $4bn to oil thieves, threat to nation’s corporate existence, economy — Elumelu
Nigeria lost about $4 billion to oil thieves in the three quarters of 2021 and such funds are being use to...
Elumelu at Jamaica capital markets annual conference, calls for African entrepreneurs- Caribbean collaboration
The Group Chairman of United Bank for Africa (UBA), a Nigerian pan-African financial services group, Mr Tony O. Elumelu, has called for collaboration...
NNPC Ltd, Afreximbank to raise $5 billion financing to support upstream Businesses
NNPC Ltd, Afreximbank to raise $5 billion financing to support upstream Businesses and facilitate energy supply and transition, NNPC GMD Mele Kyari disclosed...
US set to be world’s biggest LNG exporter – IHS
The United States is poised to be the largest exporter of liquefied natural gas globally this year as China, the world’s second-biggest economy,...
Transcorp Hotels appoint Bola Onagoruwa as Independent Non-Executive Director
The Board of Transcorp Hotels Plc — Nigeria’s leading hospitality brand and owners of the award-winning Transcorp Hilton Abuja, Transcorp Hotels...
Global economy to cross $100trillion in 2022 amid Covid-19 recovery
The Global economic output is set to exceed the $100 trillion mark for the first time in 2021, two years ahead of...
Abuja Disco’s new Board, management assume office
The interim board and management of the Abuja Electricity Distribution Company (AEDC) have assumed duties. Persecondnews reports that the sacking of the...
COVID-19: Opportunity for companies to domicile skills, capabilities in Nigeria within Nigerians, says Schneider Electric
With the COVID-19 still ravaging some parts of the world, energy management and automation firm, Schneider Electric, has called on players in...
