Author: Ogochukwu Ndubuisi

Equities investors lost more than N225 billion on Thursday as October trading activities on the Nigerian Exchange (NGX) ended in red. 

Lafarge Africa grew profitability by about 53% year on year to N60.076 billion on the back of improved sales and efficient cost management

NNPCL Increases Pump Price of Petrol in Lagos, Abuja The Nigerian National Petroleum Company Limited (NNPC) has once again adjusted the pump price of petrol. The new price, effective immediately, is N1,025 per liter in Lagos and N1,060 per liter in Abuja. Aliko Dangote, chairman of Dangote Group, blamed the persistent shortages and long queues at filling stations across Nigeria on marketers’ failure to lift the products from his refinery. Speaking in an interview with correspondents at the Presidential Villa, Abuja on Tuesday, he emphasized the refinery’s capacity to meet the nation’s fuel demands. He urged fuel retailers to take…

The Nigerian Exchange (NGX) is currently trading positive due to bargain hunting on Oando Energy, Aradel Holdings and Dangote Sugar Refinery among

The Federal Government is collaborating with the World Bank on a new project to enhance education quality, access, teacher support, and development, as well

The Nigerian government raised $900 million from the local US dollar domestic bond offered to retail investors.

Abia to Hold Public Hearing on Electricity Bill – Official The Abia Government says it has plans to convene a hearing on the Abia State Electricity Bill, which is pending at the state House of Assembly. The Commissioner for Information, Mr Okey Kanu, said this while briefing newsmen on the outcome of the state Executive Council meeting. Kanu said that the House was expected to quicken the process of passing the bill when they resume from their recess. “The passage of the bill will give further impetus to the ongoing reforms in the state’s power sector,” he said. Kanu also…

Geregu Power Targets N11bn as Profit for Q4 Geregu Power Plc has a target to achieve N11 billion post tax profit in the fourth quarter of 2024, according to its regulatory filing submitted on the Nigerian Exchange (NGX) platform on Monday. The power generating company told the Nigerian Exchange that it expects revenue to reach N61.46 billion between Oct and December 2024. Management forecasted more than N6 billion as impairment loss on the company’s financial assets in the period. Its operating profit is expected to print at N17.17 billion amidst rising borrowings. Due to higher interest payments, Geregu Power estimated…

Wema Bank Plc share price movement has shown that the tier-2 lender is now trading at about 50% to its highest price level seen within the last 52 weeks.

Jaiz Bank Plc share price plunged by 4.66% on Friday on the floor of the Nigerian Exchange (NGX) as investors offloaded Islamic lender shares.