Transnational Corporation Plc has outlined strategies to build on the 173% revenue growth achieved in the first quarter 2024 (Q1’24). The financial statement of the company for Q1’24 showed revenue growth of 173 per cent to N88.55 billion from N32.39 billion in the corresponding period of 2023 (Q1’22) As a result, Profit Before Tax shot […]
TotalEnergies Nigeria has launched the 2024 edition of its Startuppers challenge with each winner getting N8 million to support its business in Nigeria and the African continent. The challenge was launched virtually on Thursday at an event attended by the Managing Director of TotalEnergies Marketing Nigeria Plc, Dr Samba Seye and other executives of the energy […]
Dubai’s Emirates Group announced annual profits of $5.1 billion on Monday, a rise of 71 percent, as the airline company set a new record for the second year in a row. “The Emirates Group has once again raised the bar to deliver a new record performance,” said chairman and chief executive Sheikh Ahmed bin Saeed […]
The Lagos State Government has warned unregistered individuals and organisations to desist from engaging in real estate activities in the state or face legal consequences for non-compliance with the Lagos State Real Estate Regulatory Authority registration requirements. Lagos State Commissioner for Housing, Moruf Akinderu-Fatai, who gave the warning recently at the 2024 Ministerial Press Briefing […]
The Securities and Exchange Commission (SEC) has exposed new rules on issuance and allotment by private companies securities declaring that any person who issues or allots securities without its prior approval or violates any provisions of its regulations will be liable to a penalty not less than N10 million in the first instance and a […]
The International Monetary Fund (IMF) has cautioned the Federal Government against the proposed amendment of the Act establishing the Central Bank of Nigeria (CBN), calling rather for the strengthening of the apex bank. The position of the Fund was contained in the Article IV Staff Consultation Report of the Board of d the Federal Government against the […]
THE Nigerian Ports Authority, NPA, in collaboration with the management of the Truck Transit Parks Limited, TTP, have commenced moves to improve cargo delivery by introducing Electronic tags (E-tags) for ease of entry into and exit from the ports. In a statement, Managing Director of TTP, Mr. Jama Onwubuariri, said that the new innovation comes at […]
The Executive Secretary, Nigeria Extractive Industries Transparency Initiative, NEITI, Dr Orji Ogbonnaya Orji, has said that the need to mobilise domestic resources for the government was the reason behind the audit of the oil, gas and mining industries. Orji disclosed this in Port Harcourt during the opening of a nationwide sensitization workshop on the conduct of […]
Shareholders of Zenith Bank Plc Wednesday approved the proposed final dividend payment of N3.50 per share, bringing the total dividend for the 2023 financial year to N4.00 per share, with a total value of N125.59 billion. This is the highest dividend payout by any bank, the bank stated. This was the major highlight of the […]
Otunba Layiwola Folorunso Oriowo has been appointed as a Director of Odu’a Investment Company Limited (OICL) effective 7th May 2024. Otunba Oriowo replaced Dr. Segun Aina, OFR who has successfully completed his four-year tenure on the board of OICL. Otunba Oriowo, according to Mr Victor Ayetoro, the senior manager, Branding and Communication, is a consummate […]
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