President Bola Tinubu has assured that the nation’s economy will roar back to glory in the coming months, re-echoeing the fact that the worst is over in the economic travails being faced by the nation. Tinubu however called for unity of purpose and more collaboration between the federal government, state governors, and members of the National Assembly to achieve national ... Read More »

The naira, on Friday, appreciated to N1,150 per dollar at the parallel section of the foreign exchange (FX) market. Currency traders in Lagos, also known as bureau de change (BDCs) operators, quoted the buying rate of the greenback at N1,110 and the selling price at N1,150 — leaving a profit margin of N40. The naira appreciated by 0.86 percent from ... Read More »

 Zenith Bank Plc has announced its audited results for the year ended December 31, 2023, achieving a remarkable triple-digit growth of 125% in gross earnings from NGN945.6 billion reported in 2022 to NGN2.132 trillion in 2023. According to the audited financial results for the 2023 financial year presented to the Nigerian Exchange (NGX), this impressive triple-digit growth in gross earnings ... Read More »

To compete with Air Peace, which recently started flying on the route, foreign airlines have further reduced their airfares on the Lagos-London route. Air Peace launched direct flights from Lagos to London on March 30, charging N1.2 million for a round-trip economy ticket on a route where other airlines were charging up to N3 million. Foreign airlines reduced their round-trip ... Read More »

Oil marketers have called for a downward review in the pump price of the Automotive Gas Oil, popularly called diesel, being produced by the Dangote Petroleum Refinery to between N700 and N850/litre, as operators plan to meet managers of the refinery next week. The largest downstream marketing association, the Independent Petroleum Marketers Association of Nigeria, which made the call in ... Read More »

…Shareholders’ Funds Hits N2.0tn, achieving an impressive growth of 120.2%. In another unprecedented performance, Africa’s Global Bank, United Bank for Africa (UBA) Plc, has released its audited financial results for the full year ended December 31, 2023, showing exceptional and impressive performance across all its major indicators. The 2023 financials, filed by the Bank at Nigerian Exchange Limited (NGx) on ... Read More »

The Economic and Financial Crimes Commission is probing 50 bank accounts as it recovered N30bn in the alleged scandals in the Ministry of Humanitarian Affairs and Poverty Alleviation. The EFCC Chairman, Ola Olukoyede, who disclosed this in an interview published in the March edition of EFCC Alert, an in-house magazine of the anti-graft agency, also called for special courts for ... Read More »

Saudi Arabia has announced the crescent of Shawwal has not been spotted, meaning that fasting continues on Tuesday. It stated that the celebration of Eid-El-Fitr, which ushers in a new Islamic month, will take place on Wednesday, April 10. This was disclosed on an official platform for the Muslim community across the world. They wrote: “The crescent moon was not ... Read More »

The Central Bank of Nigeria has again announced the sales of dollars to Bureau De Change operators. It disclosed this in a circular uploaded to its website on Monday. The apex bank said it is set to sell $10,000 to each BDCs at N1101/$ and directed the operators to sell at a spread not more than 1.5 per cent above ... Read More »

Today, on April 5th, 2024, Saint Margaret Group of Schools, located in Ikorodu, Lagos, carried out a protest. The School was established 42 years ago, in 1982, at number 26, NBC Road, Ebute, Ikorodu. During the protest, they made a clarion call to the Executive Governor of Lagos State, Babajide Olusola Sanwo-Olu. They requested his intervention to halt the actions ... Read More »