BoG suspends FX licences of GTBank, First Bank for fraud
The Central Bank of Ghana, popularly called Bank of Ghana (BoG) has suspended the foreign exchange licences of Guaranty Trust Bank (GT Bank) and FBN Bank for one month. The apex bank in Ghana announced the suspension of the two…
Soyombo’s Alleged ‘Wale’, not same as Customs CG—OMMAN Research
…As Investigation shows ethical lapses! The Online Maritime Media Association of Nigeria (OMMAN) can authoritatively report that the name ‘Wale’ voraciously mentioned in a video alluded to by an alleged Southwest Smuggler, IBD Deinde was neither that of Wale Adeniyi,…
Transcorp Power Lists on NGX at N1.8trn market capitalization
Nigerian Exchange Limited on Monday, 4 March 2024 admitted 75 billion shares of Transcorp Power Plc at N240 per share to its Main Board. The leading power generation company’s listing boosts the overall NGX market capitalization by N1.8 trillion, just…
Gas is Nigeria’s logical transition fuel—Seplat Energy
Making a case for gas development in Nigeria, Seplat Energy Plc, a leading Nigerian independent energy company, has said gas development is a clear solution to Nigeria’s immediate problems and remains a longer-term transition fuel. The Director New Energy at…
Dangote Sugar Refinery Plc reports loss per share of NGN6.07
Dangote Sugar Refinery Plc (DANGSUGAR) released its 2023FY audited financials over the weekend, reporting a loss per share of NGN6.07 (2022FY EPS: NGN4.51). The loss for the year was triggered by mounting pressure from COGS (+14.1% y/y) and OPEX (+26.0%…
NGX Group Hits N5.2bn PAT, N1.5bn Dividend in Full-Year 2023 Financial Results
Lagos, 4 March 2024 – Nigerian Exchange Group Plc (NGX Group or the Company) is pleased to announce its full-year Audited Financial Statements for the year ended 31 December 2023, with a profit after tax of N5.2 billion and a…
MoneyMaster PSB mobile app gets exciting user ratings
Millions of users have expressed excitement with MoneyMaster PSB, the mobile banking app of MoneyMaster Payment Service Bank Limited (MMPSB), a payment service bank in Nigeria. Recently, MoneyMaster PSB developed a mobile banking app for the benefit of both its…
Ndanusa continues to repair Ring-road at Lagos Int’l Trade Fair complex
The current Executive Director of Lagos International Trade Fair Complex, Barr. Vera Ndanusa has stepped up palliative repairs on the major road in the complex to grow ease of doing business. Driving through the ring-road on Monday, trips of asphaltswere…
How Priests Cleansed ASPMDA, ushered Emechebe, Exco into offices
Following the restoration of Hon. Ngozi Emechebe administration in ASPMDA on Friday, March 1, 2024 by the IGP Special Squad, ASPMDA oragnised Special Praise and Worship Session yesterday, Monday, March 4, 2024 to thank God and rededicate the entire plaza…
NITDA Unveils SRAP 2.0 to drive Transformation
In the stride towards continuous engagement and inclusivity, the Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, emphasized the pivotal role of collaboration with stakeholders in the technology ecosystem to achieve a resilience and prosperous digital…
