Brain Exports Show new development path for Nigeria – PwC Report
Exporting Brain Capital to the global market will put Nigeria on the path to become a developed nation in record time. This is according to a new report by leading professional services firm, PwC Nigeria which analyses the best development…
AirtelAfri Drives All-Share Index Lower to Close at 49,644.92 points on Tuesday
The bears continued to dominate the Nigerian equities market as profit-taking activities in AIRTELAFRI (-2.0%) drove the All-Share Index 0.7% lower to close at 49,644.92 points. Consequently, the Month-to-Date and Year-to-Date returns settled at -0.4% and +16.2%, respectively. The total…
Nigeria to host Shelter Afrique’s 42nd AGM in May 2023
The Kenya-based pan- African housing development financier, Shelter Afrique has disclosed that Nigeria will host her 42nd Annual General Meeting in Abuja in May nest year. This follows the signing of the host agreement at the end of July between…
Ezeala Nursing College Installs World-Class Midwifery Lab
The Management of Ezeala College of Nursing Sciences in Okwudor, Njaba Local Government Area of Imo State has announced the successful completion of the installation of world-calls Midwifery Laboratory in the School complex. This is as the leading private College…
GTCO HoldCo records decline in profitability in H1-22
GTCO released its H1-22 audited financials on Monday (5 September), which showed that the HoldCo recorded a decline in profitability, despite an increase in its top line. The Holdco’s decline in profitability (-2.3% y/y) is attributed to the rise in…
GTCO reports 11.0% growth in Pre-tax profits in H1-22
Guaranty Trust Holding Company (GTCO) released its H1 22 audited results before trading hours Monday (5 September). The group reported 11.0% growth in Pre-tax profits while Net profits declined by 3.0% in the period. For Q2 22 standalone, Pre-tax profits…
Dangote to Conserve forex Via 40% sugar import substitution
…To employ 30,000 youths in Nasarawa Management of Dangote Sugar Refinery Plc has resolved to significantly reduce the importation of sugar into the country by 40 percent, thus paving the way for the employment of over 30,000 youths. President of…
Nigeria’s Economic Indices Looking Bleak—NBS
The recently released Q2-22 GDP report by the National Bureau of Statistics (NBS) showed that Nigeria maintained its positive growth trajectory for the seventh consecutive quarter after the COVID-19-induced decline in Q2-20 and Q3-20. Precisely, real GDP grew by 3.54%…
Travel Agencies Asks S’African Govt to End Trophy Hunting
Some of the world’s largest travel companies, including Booking.com, Expedia Group and TripAdvisor, have signed a joint statement to the South African government asking them to publicly commit to ending trophy hunting – all pushing for a ‘wildlife friendly’ future…
Konga Begins monthly public townhall session Thursday
Konga, Nigeria’s leading composite e-commerce giant, has pioneered another exciting initiative, bringing together customers and senior company executives for a virtual interactive session – Chat with our Executive Management – to be held monthly. The maiden edition of the innovative…
