Business

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Rainoil Limited, a leading player in the downstream oil and gas industry, has completed the acquisition of majority shares in Eterna Plc, a publicly listed oil and gas company. This was achieved following the successful purchase of majority shares of Eterna Plc, through its investment arm – Preline Limited. On the 21st of December 2020, Eterna […]

The initial enthusiasm that greeted the launch of the eNaira last Monday seems to have waned as the number of downloads has reduced in the last five days, rising from about 180,000 on Tuesday to roughly 220,000, on Sunday The PUNCH has observed. The PUNCH observed that within 48 hours after the app was launched […]

The Director-General of the World Trade Organisation, Ngozi Okonjo-Iweala, and several others have been conferred fellowship awards by the Chartered Institute of Bankers of Nigeria. “I’m honoured to be made a fellow of a prestigious Chartered Institute of Bankers of Nigeria,” Mrs Okonjo-Iweala said on Saturday during a virtual event of the CIBN’s 2021 Fellowship […]

The management of FBN Holdings Plc has notified the Nigerian Exchange Limited (NGX) that the Group is currently undertaking the interim audit of its financial statements for the period ended September 30, 2021. In view of the on-going interim audit, the Company is not able to submit the results of its operations for the third quarter ended […]

TotalEnergies Marketing Nigeria Plc released its Q3 2021 Unaudited results for the period ended September 30th, 2021.  Key Highlights Revenue grew by 60% to N242bn from N152bn in the previous quarter. Profit before tax grew by 881% to N19.7bn. Profit after tax grew by 344% to N13.4bn. Net Assets grew by 36% from N28bn to N38bn. […]

Mobile telecommunication giant, MTN posted revenue of N1.2 trillion for the first 9 months of 2021 up 23.6% when compared to the N975.7 billion posted a year earlier. This is the first time MTN is crossing the one trillion-naira mark in 9 months. The information is contained in its recent interim results for the quarter […]

The eNaira speed wallet is back on the Google Play Store after disappearing for hours.This means that millions of Nigerians who use android phones can now access the eNaira speed wallet for download and subsequent use.However, Central Bank of Nigeria (CBN) has explained the sudden disappearance of the e-naira speed wallet from Google’s play store.According […]

The order is pending the final determination of an appeal filed by Multichoice before the tax tribunal. Multichoice Nigeria Limited has been ordered to pay N900 billion, 50 per cent of N1.8 trillion tax backlog, to the Federal Inland Revenue Service (FIRS) in line with extant tax laws. FIRS spokesman Abdullahi Ahmad via on Wednesday […]


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