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Month: July 2023

Impressive Earnings Boost NGX Market Cap Up By N1.8trn In July

Transactions at Nigerian Exchange Limited (NGX) closed the month of July 2023 on a positive note as earnings and dividend declaration from quoted companies helped NGX market cap gain N1.814 trillion. The gain was also supported by insider dealings among companies as directors and related parties consolidated their positions in a show by such investors […]

High Cost Of Living:  Union Bank Raises  Employee Compensation Twice

It is no longer news that most Nigerians are experiencing severe economic hardship due to the recent FX policy and subsidy removal. The economic challenges arising from the opening up of the foreign exchange market and the removal of petrol subsidies have resulted in soaring inflation and a significant drop in the value of the […]

2nd Cycling Lagos Gets Govt Backing, Targets Talent Discovery

The Lagos Government has declared its support for the 2nd Cycling Lagos scheduled to hold between October 21 and 28, 2023. The Director General of Lagos State Sports Commission, Mr. Oluwatoyin Gafaar who confirmed this at a press conference in Lagos said that, the 2nd edition of Cycling Lagos would help in discovering new talents […]

Fidelity Bank Stock Upgrade Excites Investors

According to The Will newspaper, investors have commended the recent reclassification of Fidelity Bank Plc stock from small price stock to medium price stock. Giving his perspective on the development, Mr Boniface Okezie, the National Co-ordinator, Progressive Shareholders Association of Nigeria, commented, “Fidelity Bank has paid its dues in the financial services sector. It has […]

Nestlé Nigeria Announces 17.7% Increase In H1 2023 Financial Results

Nestlé Nigeria PLC has announced a revenue of N 261.8 billion in the first half of 2023, an 17.7% increase compared  to its performance in the same period of 2022. Gross profit is N 107.3 billion, an 34% increase over 80,205 earned in H1 2022. The Company posted a loss after tax of – N […]

NAFDAC Opens Second Office In Ogun State

Prof Mojisola Adeyeye, the Director General of NAFDAC has demonstrated again the Agency’s commitment to being a Customer Focused Agency . The agency has opened a second office in Ogun state which has already begun operations to bring regulation to customers’ doorstep in Ota/Agbara axis. According to a press statement by Sayo Akintola, Resident Media […]

How To Verify Genuineness Of Your  Motor Insurance Policy

As the world is evolving, the application of technology is also increasing thereby disrupting the way and manner businesses are conducted globally. Today, wherever it is in Nigeria, with the help of technology and mobile phone, motor insurance policyholders can now verify genuineness of their policies online real-time, using a dedicated platform or code such […]

Deregulation: IPMAN, Stakeholders, Laud Polaris Bank, Emadeb Energy For Landmark 20,000 Metric Tonnes PMS Import 

The Independent Petroleum Marketers Association of Nigeria (lPMAN) has commended Polaris Bank, Nigeria’s leading digital commercial Bank and Emadeb Energy Services Limited, one of Nigeria’s leading indigenous players in oil and gas, for their collaborative efforts and strategic partnership that resulted in the recent importation of 20,000 metric tonnes of premium motor spirit (petrol) into […]

Again, Suspected Cable Thieves Arrested At Lagos Airport

Barely, one week after a suspected thief was arrested at the Murtala Muhammed Airport(MMA),Lagos, three persons also suspected to also be cable  thieves have been nabbed by combined patrol team of officers from Aviation Security’s Crime Investigation and Intelligence(CII) Unit and the Joint Military Task Force(JMTF)around the FAAN Training School. According to a statement signed […]

Cadbury Nigeria Announces revenue growth by N35bn in 6 months

Following the approval of the unaudited financial statements of Cadbury Nigeria Plc by the Board of Directors, the Company has announced a turnover of N35.608billion for the six-month period ended 30 June 2023, representing an increase of 27.7 percent over N27.877billion recorded in the same period in 2022. The Company’s gross profit rose by 74.7 […]

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