FG reiterates commitment to implement stringent measures in coming dry/wet season farming
Agric Minister In line with the directive of President Bola Ahmed Tinubu’s declaration of emergence on food security, the Hon. Minister, Federal Ministry of Agriculture and Food Security, Sen. Abubakar…
FX Backlog: CBN Concludes Payment of All Verified Claims By Airlines
The Central Bank of Nigeria (CBN), fulfilling its pledge to clear the backlog of foreign exchange owed to foreign airlines in the country, has concluded the payment of all verified…
Geregu records N83bn revenue as operating profit increases by 110%
Geregu Power Plc has released its 2023 audited financial statement, disclosing a year-on-year increase of 74 percent in revenue and a 110 percent growth in operating profit. The company’s board…
Wema Bank reports 104.7% profit growth in 2023
Wema Bank Plc has released its unaudited financial statement for the full year 2023, posting a pre-tax profit of billion, marking a percent growth from the billion recorded in full…
Toyota Suspends Shipments Of 10 Models On Testing Irregularities
Toyota said Monday it was suspending shipments of 10 models that use engines linked with testing irregularities at an affiliate company. The affiliate, Toyota Industries, did not conduct proper horsepower…
CBN Releases $500m To Clear More Verified FX Liabilities Backlog
The Central Bank of Nigeria (CBN) has released US$500 million to various sectors to further address the backlog of verified foreign exchange transactions. This comes barely a week after the…
Guinness posts over N5bn loss
Foreign exchange expenses eroded the operating profit of Guinness Nigeria Plc for the year ended December 2023, resulting in an loss. This was contained in the unaudited interim financial statements…
US and African Development Bank Forge Stronger Ties to Boost Food Production
United States Secretary of State Antony Blinken has praised the African Development Bank Group for the exceptional efforts it is undertaking to help Africa feed itself and the rest of…
Court Vacates Contempt Order Against Olukoyede
EFCC Justice Abubakar Hussaini Musa of the Federal Capital Territory, FCT, High Court on Thursday, January 25, 2024 vacated an earlier order of the court directing the Inspector-General of Police…
WFE: Popoola emphasizes technology revamp, listing rules review, FPI targeting
Temi Popoola, CEO NGX Ltd The Group Managing Director and Chief Executive Officer of Nigerian Exchange Group Plc has highlighted various plans by the exchange group to revamp its technology…