News
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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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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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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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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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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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Soaring Dollar Leaves Food Piled Up In Ports as World Hunger Grows
Food importers from Africa to Asia are scrambling for dollars to pay their bills as a surge in the US…
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AMCON recovers N307bn debt in two years
The Asset Management Corporation of Nigeria recovered a total of N307 billion debts between 2020 and 2021. An inter-agency…
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NITDA Strengthens Service Level Agreements To Protect IT Consumers
The National Information Technology Development Agency (NITDA) has strengthened Service Level Agreements (SLA) to address challenges in service delivery in…
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COP27: Nigerians to benefit from UK £95m support
The UK Foreign Secretary, James Cleverly, has said at least four million Nigerians will benefit from the £95m Propcom+ investment…
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Financial Account Shifts to Surplus in Q2 2022
Today, we now turn our attention to the financial accounts, in continuation of our note on the balance of payments…
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