Stanbic IBTC Reports 71% Profit Surge in H1 2024 Amid Strong Interest Income Growth
Lagos, Nigeria – Stanbic IBTC Holdings Plc has posted a 71% jump in profit after tax, rising to N116.36 billion in the first half of 2024, up from N67.92 billion…
Agricultural Sector Drives Nigeria’s Company Income Tax Growth in Q2 2024
Abuja, Nigeria – Nigeria’s agricultural sector led an impressive surge in Company Income Tax (CIT) collections in the second quarter of 2024, recording a remarkable 474.50% increase on a quarter-on-quarter…
NNPC Reports Surge in Oil Theft Incidents, Uncovers Illegal Refineries
Lagos, Nigeria – The Nigerian National Petroleum Company Limited (NNPC) has reported a troubling surge in oil theft, with 188 incidents documented in the past week alone. The company revealed…
Ogun State Governor Hails Dangote Refinery as a Game-Changer for Nigeria’s Economy
Ogun State Governor, Dapo Abiodun, has praised the imminent commencement of fuel production by the Dangote oil refinery, heralding it as a transformative development poised to bolster Nigeria’s economy. The…
NCC Grants Airtel Nigeria Telesonic Limited Three Telecom Licences to Boost Data Services
Lagos, Nigeria – The Nigerian Communications Commission (NCC) has granted Airtel Nigeria Telesonic Limited, a subsidiary of Airtel Africa, three key telecom licences, positioning the company to expand its fibre…
Dangote Industries, MTN Nigeria Crowned Nigeria’s ‘Most Valuable Brands’ for 2024
Lagos, Nigeria – Dangote Industries Limited and MTN Nigeria have been named Nigeria’s ‘Most Valuable Brands’ in a 2024 assessment conducted by ‘Top 50 Brands Nigeria.’ The evaluation, which highlights…
Experts Advocate for Robust Manufacturing Sector to Drive Economic Growth in Africa
Pan-African News — Experts and policymakers are emphasizing the importance of a robust manufacturing sector as a catalyst for economic growth and currency stability across Africa, according to the August…
Dangote Petroleum Refinery Set to Launch Premium Motor Spirit Sales
Lagos, Nigeria — The Dangote Petroleum Refinery is poised to commence the sale of Premium Motor Spirit (PMS), commonly known as petrol, according to authoritative sources. This development follows the…
Eniola Bolaji Makes History with Bronze Medal in Para-Badminton at Paris Paralympics
Paris, France — Eniola Bolaji has etched her name in history as the first African athlete to win a medal in Para-Badminton, securing a bronze medal for Nigeria in the…