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Increase in Rice Prices to Drive Food Inflation?
Based on a BusinessDay report, the price of a 50kg bag of locally parboiled rice in Nigeria grew by 53.6%…
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Finance & Economy
NDIC Set to Pay Depositors of 20 Liquidated Banks
The Managing Director, of Nigeria Deposit Insurance Corporation (NDIC), Bello Hassan, has said the corporation has concluded plans to pay…
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Business
Sharp Decline in Rail Transport Revenue in Q2 2022
The latest report from the National Bureau of Statistics (NBS) on rail transportation shows that the total revenue generated through…
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Leaders
CEO Remuneration in an Inflationary Era
“Amid decades-high inflation, workers’ wages are failing to keep pace with the rise in everyday expenses, but CEOs have not…
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Corporate Scorecards
Understanding the CBN’s Decision to Redesign Banknotes: The Hard bite of Unintended Consequences
Reactions have continued to trail the recent decision of the Central Bank of Nigeria (CBN) to redesign the N100, N200,…
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Corporate Scorecards
VITAFOAM Nigeria Plc 9M 2022 Result: Mounting Debt Spooks Rising Profitability
Vitafoam Nigeria Plc saw a +0.26% rise in its net income margin with an +8.53% improvement in its acid test ratio, increasing…
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News
FIRS Appoints MTN, Airtel and Deposit Money Banks as Value Added Tax (VAT) Collection Agents
The Federal Inland Revenue Service (FIRS) has issued a Public Notice appointing MTN, Airtel, and all money deposit banks (as…
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News
INEC Hints on Likely Inability to Conduct Elections in 242 Polling Units
Based on a This Day news report, the Independent National Electoral Commission (INEC) on Tuesday disclosed that 242 polling units…
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Corporate Scorecards
GTCO Unaudited 9M 2022 Result: Net Interest Income Up 16%, Despite Retained Earnings 7.2% Dip
GTCO has regained some earnings mojo as profit numbers rise against Q1 2022’s stumble. The Holdco saw its profit before…
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Corporate Scorecards
UBA 9M Result: Earnings Bounces on e-Banking Growth
Nigeria’s deposit money banks have seen rapid earnings growth in 2022, riding off a high-interest rate environment. UBA Africa Bank…
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