FBNHoldings records profit before tax of N270bn in 9 months
FBNHoldings Plc has reported gross earnings of N985.6 billion for the nine months financial year ended September 30, 2023. The...
Month: October 2023
Kaduna refinery to be ready by Q4 2024 – Lokpobiri
The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has revealed that the ongoing quick-fix project at the...
Statista forecast $6.710m revenue for Nigeria’s eCommerce in 2023
Revenue in Nigeria’s eCommerce market is projected to reach $6,710.00 million by December 2023, a new report by Statista has...
High debt service costs pushes down Nigeria’s credit rating – PwC
Cost of funding increase in debt concerns which has led to lowering of credit ratings may lead to increase in...
1m jobs on the line in global fossil fuel phase out by 2050
The global coal industry may have to shed nearly 1 million jobs by 2050, even without any further pledges to...
IEA sees 73% drop in fossil fuels’ share of global energy supply
The International Energy Agency (IEA) has projected that fossil fuels’ share in global energy supply would drop to 73% by...
AfDB’s total portfolio in Nigeria hits $4.4bn – Barrow
The African Development Bank (AfDB) says its total portfolio in Nigeria currently stands at $4.4 billion. The portfolio is for...
GTCO Plc post Profit Before Tax of N433.2bn in Q3 unaudited results
Guaranty Trust Holding Company (GTCO) has released its unaudited financial reported for the period ended September 30, 2023, reporting profit before...
Money supply climbs to N66.4trn in September – CBN
The Central Bank of Nigeria CBN) has reported that Nigeria’s total money supply (M2) increased to N66.4 trillion in September...
Nigeria earns $5bn from gas production yearly – Shettima
Nigeria earns around $5bn from gas production, Vice President Kashim Shettima disclosed. The Vice President, who, made the disclosure at...
