NGX All-Share Index opens the week strong, gains 3.99%
Opening the week, the local bourse rebounded by 3.99% to settle at 58,163.55 points. Investor interest in telco heavyweights, AIRTELAFRI (+7.78%), MTNN (+3.60%), ZENITHBANK (+10.00%), GTCO (10.00%) and STANBIC (+9.33%) were the primary drivers of the overall market’s strong performance….
Nigerian Navy pays working visit to NPA Hqs, Lagos
Managing Director of Nigerian Ports Authority (NPA), Mohammed Bello Koko (5th left), FOC Western Naval Command, Rear Admiral, Joseph Akpan (4th left), ED Engineering & Technical Services, Engr. Ibrahim Abba Umar (3rd left), Executive Director, Finance and Administration, Adenrele.S. Adesina…
TOTALEnergies discovers oil & gas on OML 102 Offshore Nigeria
TOTALEnergies has announced the Ntokon oil and gas discovery on OML102 offshore Nigeria. Located in shallow waters, 60 km off the southeast coast of Nigeria. “The Ntokon-1AX discovery well encountered 38 meters of net oil pay and 15 meters of…
After hiking tariff in Nigeria, MultiChoice Africa returns to profitability
Few months after hiking tariffs in Nigeria on grounds of rising operational cost, leading continental entertainment giant, MultiChoice Africa Holdings has said it has achieved profitability to deepen its position as a leader in African entertainment. With the release of…
Just in: NDI-IRI Election Observation Mission releases Nigeria Election Report
Today, the National Democratic Institute (NDI) and International Republican Institute (IRI) Joint International Election Observation Mission (IEOM) released its final report on the 2023 General Elections in Nigeria. While there were incremental improvements in election administration, advances in results transparency,…
US inflation: Fed isn’t done with rate hikes yet
Latest US inflation report suggests that the Federal Reserve will pause interest rate hikes tomorrow (Wednesday), but investors need to “stay grounded” as more rate rises are likely this year. This is the warning from Nigel Green, the CEO and…
Ecobank gives insights on Adire Promotion as Lagos Exhibition Ends
More facts have emerged on why Ecobank Adire Lagos Experience which took place over the weekend at the Ecobank Pan African Center (EPAC), Lagos, was promoted by the pan-African financial giant. The 3-days Adire exhibition which is the second edition…
Eric Donaldson (Reggae Singer/songwriter) Is 76 Today
Golden Oldies is wishing Jamaican reggae singer-songwriter Eric Donaldson a happy birthday today (born 11 June 1947). Known for his hit songs “Cherry Oh! Baby” (1971) “Sweet Jamaica” (1977) and “Land of My Birth” (1978)). “Cherry Oh Baby” has been…
Just in: Tinubu Restores Immigration Documents of Seplat CEO, Roger Brown
Leading oil and gas group, Seplat Energy has announced that the Ministry of Interior (“Ministry”) and the Nigeria Immigration Service (“NIS”) have restored the Working Permit, Combined Expatriate Residence Permit and Aliens Card (“CERPAC”) and other Visas for the entry…
Air Peace refutes Buhari Minister’s claims on aircraft lease
We watched with dismay the interview granted by former Aviation Minister, Hadi Sirika to Arise TV on Sunday, June 11, 2023, where he made spurious claims about Air Peace, Nigeria’s foremost airline. Air Peace deems it absolutely necessary to debunk…
