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Unity Bank Grows Gross Earnings to N57Billion in 2022FY, Builds Momentum as Profit Grows by 21% in Q1/2023 LAGOS.02.06.23. Nigeria’s retail lender Unity Bank Plc has posted a Profit Before Tax of N1.1 billion for its full-year results that ended Dec 2022, even as its gross earnings rose by 13.1% to N57 billion from N50.2 billion in the corresponding period ... Read More »

The Central Bank of Nigeria, CBN said it has not devalued the naira urging the public to dismiss any contrary report. Acting Director, Corporate Communication, Dr. Isa AbdulMumin stated this in a statement titled, “CBN Has Not Devalued the Naira”. He said: “The attention of the Central Bank of Nigeria (CBN) has been drawn to a news report… titled “CBN ... Read More »

…shareholders commend dividend payment. NASCON Allied Industries Plc have recorded impressive growth in all performance indicators in the year ended December 31, 2022, with profit after tax surging by 84 percent, from N2.97 billion to N5.47 billion. Shareholders at the company’s 2022 annual general meeting (AGM) held at the weekend in Lagos commended the board and management of NASCON for ... Read More »

In an epoch-making event that will positively transform Nigeria’s oil and gas sectoral landscape, President Muhammadu Buhari will today commission Dangote Petroleum Refinery & Petrochemicals, the world’s largest single train refinery in Ibeju-Lekki, Lagos, alongside his counterparts from Ghana, Togo, Senegal, Niger, and Chad. Promoted by Africa’s richest man, Aliko Dangote, the petroleum refinery with a capacity to process 650,000 ... Read More »

1. World Class Projects 2. The Dangote Petroleum Refinery is located in the in Ibeju-Lekki, Lagos, covering a land area of approximately 2,635 hectares (seven times the size of Victoria Island). 3. World’s Largest Single-Train 650,000 barrels per day Petroleum Refinery with 900 KTPA Polypropylene Plant. 4. The 435 MW Power Plant in the Refinery alone will be able to ... Read More »

Shareholders of Guaranty Trust Holding Company (GTCO) Plc, have endorsed the payment of a total dividend of N91.236 billion, representing N3.10 per share for the financial year ended December 31, 2022. This endorsement was made at the holding company’s second annual general meeting held on Thursday, virtually. The Group proposed a final dividend of N2.80 per unit of ordinary share ... Read More »

· Eight (8) Startups Emerge Winners at Lagos Roadshow Gitex Pitch Competition Eight (8) startup businesses have emerged winners of the Gitex Pitch Competition, Lagos Roadshow edition which was held at the Eko Innovation Center, Ikoyi on Friday. The winners at the Lagos Roadshow Event are Pocket Food; Fuspay Technologies; Byte; Africa Comicade, Get Equity; Alajo; Instant Rad and Dataleum. ... Read More »

…says project will support state’s mobility project The Ogun State governor, Dapo Abiodun says 150 Million Standard Cubic Feet Ibefun Natural Gas City Gate will support, drive and complement the state’s gas mobility project through which the gas powered mass transit vehicle scheme will be introduced. Abiodun made this known during the official inauguration of the Ibefun Natural Gas City ... Read More »

9th May 2023 – Afam, Rivers State; Today, the Vice President of the Federal Republic of Nigeria, Prof. Yemi Osinbajo has commissioned Transafam Power Limited – a subsidiary of Transnational Corporation Plc’s 240MW Afam Three Fast Power plant in Afam, Rivers State. With an already existing power plant residing in Afam, this brings the cumulative generating capacity of the plant ... Read More »

The formal ground-breaking ceremony of Ala Resort and Aerotropolis project, promoted by Ala Resort Limited, will hold on Tuesday, May 9, 2023. The project, which will be the largest and a first-of-its-kind in sub-Saharan Africa, is a modern city developed around an airport — the Akure Airport, precisely. The infrastructure component of the project alone is estimated to cost $75 ... Read More »