Just in: A look at Tinubu’s acceptance speech
THE ERA OF RENEWED HOPE By The President-Elect, Federal Republic of Nigeria, Asiwaju Bola Ahmed Tinubu, March 1, 2023 My fellow Nigerians, I am profoundly humbled that you have elected me to serve as the 16th president of our beloved…
Cash crisis: Nigerians gnash their teeth, buy naira from market women
Contrary to earlier thoughts that after the presidential election, naira crunch will begin to ease, it seems the squeeze is getting unbearable. Otherwise, fact check revealed that access to cash has shifted from PoS operators to market women who now…
How generator burnt newly commissioned ‘idle’ Blue Rail Mass Transit on Marina
More facts have emerged as to the cause of the pandemonium on Tuesday morning at Marina, Lagos Island when parts of the newly commissioned Blue Rail Mass Transit were engulfed in flames. This is as the facility has been under…
Chevron raises share buyback guidance from $10 to $20b per year
Chevron Corporation has reported on its progress to leverage its strengths to safely deliver lower carbon energy to a growing world at its annual investor meeting yesterday, Tuesday, February, 28, 2023. “Chevron intends to be a leader in both traditional…
Dangote Cement reports an EPS of NGN22.27 on its 2022FY
Dangote Cement Plc (DANGCEM) released its 2022FY audited financials recently, reporting an EPS of NGN22.27 (2021FY: NGN21.24). The achieved EPS (3.1% higher than our estimates) was driven by the robust growth in its topline (+17.0% y/y) and a moderation in…
Global Gateway: EIB, EC seal deal to invest in ACP countries
The European Investment Bank (EIB) and the European Commission signed agreements for a total volume of €4 billion; consisting of Guarantee Agreement that will mobilize up to €3.5 billion in lending and €500 million Trust Fund contribution, to support businesses…
NLNG gas off-takers building facilities in Apapa, Lekki to saturate market
Nigerian gas retail market is set to witness boom considering the number of upcoming receiving facilities in Apapa and Lekki waterfront corridors. Already, the Nigerian Liquefied Natural Gas (NLNG) Limited is growing plan of supplying LNG to the Nigerian market…
Teledensity jumps to 118.5% as MTN maintains subscription lead
Newest industry data from the industry regulator, the Nigerian Communications Commission (NCC), has put the nation’s teledensity at 118.51 percent. Recall that teledensity is the number of active telephones per 100 people living within an area. Also the new statistics…
Obasanjo’s Open Letter to Buhari on INEC irregularities’
2023 NIGERIA PRESIDENTIAL ELECTION – AN APPEAL FOR CAUTION AND RECTIFICATION Nigerian Brothers and Sisters, greetings to you all. I am constrained to speak at this point. I crave the indulgence of the President of the Federal Republic of Nigeria,…
EFCC wins case against firm that defrauded NPA N25bn
An Ikeja Special Offences Court has imposed a N100 million fine on the Transport and Port Management System Ltd. (TPMS) for stealing 29 million Euros (about N24. 7 billion), from the Nigerian Ports Authority (NPA). The Economic and Financial Crimes…
