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Sunday, April 28
However, the net profit margin fell to 13.8 per cent from nearly 27 per cent in the same period last year, indicating the heavy burden of increased costs on the …
The CBN’s provisional data also showed that the total figure rose from N4.4 trillion at the end of June 2023, meaning that the cumulative Ways and Means balances due by …
“Despite elevated cost pressures, increased borrowing costs, and a further currency weakening, our first-quarter results reflect our commitment to navigating challenges effectively.” Dangote’s latest feat is coming against the backdrop …
“Despite elevated cost pressures, increased borrowing costs, and a further currency weakening, our first-quarter results reflect our commitment to navigating challenges effectively.” Dangote’s latest feat is coming against the backdrop …
“If Jet A1 is truly reduced in price, then ticket prices must come down because Jet A1 is a major component of operational costs and ticket costs.” United Nigeria Airlines …
“If Jet A1 is truly reduced in price, then ticket prices must come down because Jet A1 is a major component of operational costs and ticket costs.” United Nigeria Airlines …
This increase raises the total balance to N8.2 trillion as of December 2023, contrasting with earlier statements from government officials indicating no new borrowing under President Bola Tinubu’s administration. The …
This increase raises the total balance to N8.2 trillion as of December 2023, contrasting with earlier statements from government officials indicating no new borrowing under President Bola Tinubu’s administration. The …
Despite thepositive rating in these countries, the overall median approval of the U.S. dipped by three points across the continent after its approval ratings fell sharply inUganda(-29 points), Gambia (-21 …
Despite thepositive rating in these countries, the overall median approval of the U.S. dipped by three points across the continent after its approval ratings fell sharply inUganda(-29 points), Gambia (-21 …
Other refineries mentioned in the report include the Orlen Plock Refinery in Poland, which has a capacity of 327,000bpd; Shell’s Rheinland in Germany, which has a capacity of 327,000bpd; Miro …
Other refineries mentioned in the report include the Orlen Plock Refinery in Poland, which has a capacity of 327,000bpd; Shell’s Rheinland in Germany, which has a capacity of 327,000bpd; Miro …
This policy allows the CBN to sell a total of $10,000 to each eligible BDC, who in turn sell to end users with a maximum markup of 1.5% over the …
This policy allows the CBN to sell a total of $10,000 to each eligible BDC, who in turn sell to end users with a maximum markup of 1.5% over the …
“With British Airways operating from Abuja, it’s time for Air Peace to step up and compete directly,”Keyamo said.“This is all for the good of Nigerians, offering them more options and …
“With British Airways operating from Abuja, it’s time for Air Peace to step up and compete directly,”Keyamo said.“This is all for the good of Nigerians, offering them more options and …
The digital lending landscape in Nigeria has witnessed significant growth, with an array of licensed loan app companies offering credit facilities to both individuals and businesses. The Limited Interim Regulatory …
The digital lending landscape in Nigeria has witnessed significant growth, with an array of licensed loan app companies offering credit facilities to both individuals and businesses. The Limited Interim Regulatory …
However, the official market also witnessed a depreciation, with the naira dropping to N1,309.88 against the dollar by the end of Thursday’s trading, a 0.10% decline from the previous rate …
However, the official market also witnessed a depreciation, with the naira dropping to N1,309.88 against the dollar by the end of Thursday’s trading, a 0.10% decline from the previous rate …
The joint statement stated, “For a fully liberalized and deregulated sector, the current price control mechanism, which is not aligned with economic realities, threatens the industry’s sustainability and can erode …
The joint statement stated, “For a fully liberalized and deregulated sector, the current price control mechanism, which is not aligned with economic realities, threatens the industry’s sustainability and can erode …
Furthermore, SML clarified that KPMG's audit assurance report confirmed that the company had not received a $100 million payment from the government, refuting claims made in The Fourth Estate film. …
Furthermore, SML clarified that KPMG's audit assurance report confirmed that the company had not received a $100 million payment from the government, refuting claims made in The Fourth Estate film. …
SML also rejected KPMG's observation that ICUMS has inbuilt capabilities for External Price Verification, stating that it is an independent assurance audit firm contracted to audit ICUMS and assess the …
SML also rejected KPMG's observation that ICUMS has inbuilt capabilities for External Price Verification, stating that it is an independent assurance audit firm contracted to audit ICUMS and assess the …
“As such, we have undertaken a strategic review of our brands and geographies and have embarked on plans to transform our portfolio, refocusing on where the business can be most …
“As such, we have undertaken a strategic review of our brands and geographies and have embarked on plans to transform our portfolio, refocusing on where the business can be most …
The associations concluded,“By fostering a conducive regulatory environment, prioritising infrastructure development, enhancing security measures, and facilitating pricing adjustments, the government can unlock the full potential of Nigeria’s telecommunications sector, driving …
![MTN, Airtel, Glo, Other Telcos Move To Increase Call, Data Tariff – [See Details]](https://www.naijanews.com/wp-content/uploads/2022/04/mtn-airtel-glo-9mobile.jpg)
The associations concluded,“By fostering a conducive regulatory environment, prioritising infrastructure development, enhancing security measures, and facilitating pricing adjustments, the government can unlock the full potential of Nigeria’s telecommunications sector, driving …
Similarly, Emeka Okafor, who runs a consulting firm in Lagos, voiced his frustration over the ineffective price cut.“Dangote announces a price cut, but the prices at the pumps remain unchanged. …
Similarly, Emeka Okafor, who runs a consulting firm in Lagos, voiced his frustration over the ineffective price cut.“Dangote announces a price cut, but the prices at the pumps remain unchanged. …
The AFAN president pointed out that importing rice into Nigeria using foreign exchange is not cost-effective, especially considering the competitive pricing of rice from India, with a landing cost of …
The AFAN president pointed out that importing rice into Nigeria using foreign exchange is not cost-effective, especially considering the competitive pricing of rice from India, with a landing cost of …
This shortage is why many stations are unable to dispense petrol, leading to the severe queues at the few that do.” Amidst the crisis, there’s a glimmer of hope as …
This shortage is why many stations are unable to dispense petrol, leading to the severe queues at the few that do.” Amidst the crisis, there’s a glimmer of hope as …
If you see a station not selling at this price, please report it to customer service or a whistleblower.” This price cut is a response to Dangote Petroleum Refinery’s decision …
If you see a station not selling at this price, please report it to customer service or a whistleblower.” This price cut is a response to Dangote Petroleum Refinery’s decision …
The exchange rate for a dollar to naira at LagosParallel Market (Black Market)players buy a dollar for N1280 and sell at N1300 on Wednesday 24th April 2024, according to sources …
The exchange rate for a dollar to naira at LagosParallel Market (Black Market)players buy a dollar for N1280 and sell at N1300 on Wednesday 24th April 2024, according to sources …
A trending statement, dated April 23, 2024, which purportedly originated from theCBNbanking supervision department, had claimed the apex bank warned commercial banks and other financial institutions in the country to …
A trending statement, dated April 23, 2024, which purportedly originated from theCBNbanking supervision department, had claimed the apex bank warned commercial banks and other financial institutions in the country to …
“Some mills that shut down production owing to the scarcity of paddy last year are now reopening as they can easily source paddy from neighbouring countries owing to the reopening …
“Some mills that shut down production owing to the scarcity of paddy last year are now reopening as they can easily source paddy from neighbouring countries owing to the reopening …
It is on this note that we are calling on him to desist from this zealousness that is negatively affecting his image and that of the state.” Also, the Niger …
It is on this note that we are calling on him to desist from this zealousness that is negatively affecting his image and that of the state.” Also, the Niger …
The exchange rate for a dollar to naira at LagosParallel Market (Black Market)players buy a dollar for N1260 and sell at N1275 on Tuesday 23rd April 2024, according to sources …
The exchange rate for a dollar to naira at LagosParallel Market (Black Market)players buy a dollar for N1260 and sell at N1275 on Tuesday 23rd April 2024, according to sources …
For intercity bus travel, the average fare in March 2024 was N7,152.97, which represented a 2.14% increase from the previous month and a substantial 79.17% rise from March 2023 when …
For intercity bus travel, the average fare in March 2024 was N7,152.97, which represented a 2.14% increase from the previous month and a substantial 79.17% rise from March 2023 when …
This policy allows theCBNto sell a total of $10,000 to each eligible BDC, who in turn sell to end users with a maximum markup of 1.5% over the buying price …
This policy allows theCBNto sell a total of $10,000 to each eligible BDC, who in turn sell to end users with a maximum markup of 1.5% over the buying price …
A BDC operator, Abubakar Taura said, “We sold the dollar today between the rate of N1,50 and N1,270 and it is a bit surprising because we don’t even know the …
A BDC operator, Abubakar Taura said, “We sold the dollar today between the rate of N1,50 and N1,270 and it is a bit surprising because we don’t even know the …
In the parallel market, currency traders, commonly known as bureau de change (BDC) operators, are buying the dollar at ₦1,230 and selling it at ₦1,260, maintaining a profit margin of …
In the parallel market, currency traders, commonly known as bureau de change (BDC) operators, are buying the dollar at ₦1,230 and selling it at ₦1,260, maintaining a profit margin of …
The story is slightly different in Owerri, the capital of Imo State, where Innocent Okonkwo revealed that low demand was also driving the price drop, adding that a 50kg bag …
The story is slightly different in Owerri, the capital of Imo State, where Innocent Okonkwo revealed that low demand was also driving the price drop, adding that a 50kg bag …
The gas is sold in varying cylinder capacities, including 3kg, 5kg, 6kg, 10kg, 12.5kg, 25kg, and 50kg, accommodating different user needs from household cooking to fueling gas-powered generators. Meanwhile, the …
The gas is sold in varying cylinder capacities, including 3kg, 5kg, 6kg, 10kg, 12.5kg, 25kg, and 50kg, accommodating different user needs from household cooking to fueling gas-powered generators. Meanwhile, the …
This is a further reduction after the refinery adopted a substantial price cut when it rolled out the products at ₦1,200 per litre about four weeks ago, which represents over …
This is a further reduction after the refinery adopted a substantial price cut when it rolled out the products at ₦1,200 per litre about four weeks ago, which represents over …
In expressing its appreciation, FirstBank acknowledged Dr. Adeduntan’s leadership and contributions during his nine-year tenure, particularly highlighting his role in overseeing the bank’s growth and transformation. His tenure, which began …
In expressing its appreciation, FirstBank acknowledged Dr. Adeduntan’s leadership and contributions during his nine-year tenure, particularly highlighting his role in overseeing the bank’s growth and transformation. His tenure, which began …
The strategic focus on policy reforms is expected to continue bolstering the Naira’s robust performance on the global stage.“We still have work to do in solving all our problems,”Cardoso acknowledged,“however, …
The strategic focus on policy reforms is expected to continue bolstering the Naira’s robust performance on the global stage.“We still have work to do in solving all our problems,”Cardoso acknowledged,“however, …