Transnational Corporation of Nigeria, Transcorp Plc has recorded total assets of N313.07 billion in the third quarter ended September 30, 2019 from N297.14 billion in the full year of 2018, representing a five per cent Year to Date, YTD. The Company recorded gross revenue of N58.28 billion and also a profit before tax of N7.36 […]

Lagos State Government has launched a Real Estate Transaction portal to curb fraudulent practices in the real estate business. Governor Babajide Sanwo-Olu unveiled the portal at a stakeholders’ meeting held at Eko Hotel & Suites in Victoria Island, Lagos. The portal, the Governor said, would secure investments in property market by checkmating unscrupulous dealings in […]

Yemisi Izuora The Fidelity Bank Plc has declared Gross Earnings of N161.4billion, in the third quarter ended September 30, 2019, an increase of 16.3 per cent when compared to ₦138.7 billion reported in the same period in 2018. According to the Bank, profit-before-tax also increased by 14.7 per cent from ₦20.1 billion to ₦23.0 billion. […]

The Nigerian Stock Exchange (NSE) and the Credit Bureau Association of Nigeria (CBAN) have renewed the call for  access to credit facilities by Medium, Small and Micro Enterprises (MSMEs) to unlock their growth and development. The Head, Trading Business, NSE, Mr. Jude Chiemeka, while receiving CBAN delegates, led by its Chairman, Mrs. Jameelah Sharieff- Ayedun, […]

Nigeria and the United States (U.S.) recorded $5.21 billion  bilateral trade between January and August this year. The Consul-General, US Consulate in Lagos, Ms Claire Pierangelo, who spoke  during the 2019 International Investment Conference yestyerday in Lagos, said the country is full of opportunities. The event which was organised by the Lagos Chamber of Commerce […]

The Federal Capital Territory High Court in Jabi, Abuja will on November 18 hear Ecobank Nigeria’s suit seeking permission to sell a multi-million naira Abuja hotel belonging to Obat Oil and Petroleum Limited. The bank said it was in a bid to recover N5billion owed it by Obat Oil and Petroleum. In its October 18 […]

 The acting Director, Department of Petroleum Resources, Mr Ahmad Shakur, has highlighted the need to change the trajectory of the downstream subsector of the nation’s oil and gas industry. Shakur said it was critical to employ technology to solve some of the myriad challenges besetting the subsector. He said, “The story of the downstream oil […]

The Federal Government, through the Nigerian National Petroleum Corporation, spent a total of N1.08tn ($3.53bn) on joint venture oil and gas assets from January to July this year, latest data from the corporation showed. A total of N1.829tn, over half of the total revenue generated from oil and gas sales last year, was used for […]

MTN Nigeria said it deactivated 600,000 active subscribers in compliance with the directive of the Nigerian Communications Commission to deactivate partially registered SIM cards. The telecommunication company recorded 61.6 million subscribers at the end of the third quarter, adding 100,000 users quarter on quarter, the Q3 unaudited financial report ended September 30, 2019 stated. In […]