Otedola’s Geregu Power Posts 28% Drop in Quarterly Profit
Geregu Power, chaired by billionaire Femi Otedola, posted a profit after tax of N10.43 billion in the first three months
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Author: Markets Reporters
FDI Inflows into Nigeria Fall 42% While Remittances Rise
Foreign direct investment inflows into Nigeria declined by 42.3 percent last year to $1.08 billion amid the exit of several
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Pascal Dozie Laid Cornerstone for MTN Nigeria, Says CEO Toriola
Karl Toriola, chief executive officer of MTN Nigeria Communications Plc, said Pascal Dozie, who died on Tuesday at the age
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Blackout Worsens in Nigeria as 13 Power Plants Shut Down
by Lydia Oluremi Many parts of Nigeria have been plunged into blackout following the shutdown of most of the plants
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TotalEnergies’ Nigeria Downstream Unit Boosts Dividend by 60%
The board of TotalEnergies Marketing Nigeria, a fuel marketing company, has proposed a dividend payment of N13.6 billion to shareholders
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Fidelity Bank is Latest Stock to Join Trillion-Naira Club
Fidelity Bank, a midsize lender in Nigeria, saw its market capitalisation hit the N1 trillion mark on Friday for the
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Nigerian Stock Exchange Sends Three More Firms Packing
The Nigerian Exchange Limited (NGX) announced on Friday that the securities of Capital Oil, Goldlink Insurance and Medview Airline have
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Net Loss at AIT’s Parent DAAR Communications Widens to N2.3bn
DAAR Communications Plc, owner of the African Independent Television and Raypower FM, saw its loss after tax widen by 44
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Oando’s $783m NAOC Acquisition Wins Continental Recognition
Oando’s acquisition of Nigerian Agip Oil Company (NAOC) from Italian energy company Eni has won the ‘Domestic Impact Deal of
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Nigeria’s Business Activity Rises for Fourth Straight Month as Demand Soars
Business activity in Nigeria rose for the fourth straight time in March as inflationary pressures continue to ease, according to
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