Category: blog

How We Grew Our Pre-Tax Profit To N609.3b – GTCO

Guaranty Trust Holding Company (GTCO) Plc grew pre-tax profit by 184.5 per cent to N609.3 billion in 2023. Key extracts of the audited report and accounts of GTCO for the…

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NBS Report: Naira Crash Pushes Raw Material Imports To N3trn

Imports of raw materials into the country rose by 25 per cent to N3tn in 2023 and this is according to the Foreign Trade Statistics data published by the National…

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Naira sells below 1,280/$ at official, parallel markets

The naira began the new month on a bullish note, appreciating to N1,278.58 against the United States dollar from N1,309.39 per dollar recorded last week Thursday. This indicates an increase…

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Dangote Refinery : 150,000 fuel retail outlets Nationwide Receive their fuel supply

The $20bn worth Dangote Petroleum Refinery has commenced the sale of Automotive Gas Oil, popularly called diesel, to oil marketers nationwide.   Dealers and officials of the plant confirmed this…

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Economists : Why Price Of Food Won’t Drop Immediately Despite Naira Appreciation

Economists have stated that it will take some time for Nigerians to feel the impact of the current strengthening of the naira against the dollar on the prices of commodities…

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BUA Foods : How We Grew Our Profit To N112bn

BUA Foods has improved profit after tax by 22.72 per cent to  N112.1bn in 2023 from the N91.3bn reported in the prior year.   According to its annual report and…

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CBN Reports Over $1.5bn Inflow into Economy as Naira Continues to Gain

The Central Bank of Nigeria has said that it recorded an inflow of over $1.5 bn into the economy over the past few days, indicating that its monetary policy efforts…

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Binance Exit: Nigerians Seek Alternative Crypto Trading Platforms After

Following the exit of Binance from Nigeria, cryptocurrency traders are seeking other naira exchange platforms to carry out their trading. The Nation reported that Binance, on March, 5 announced plans…

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UBA, African Guarantee Fund Partner on $100m SME Loan

Operators of Small and Medium Enterprises (SMEs) and other businesses are to benefit from the $100 million being offered as new loans by the United Bank for Africa (UBA). The…

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Check Out The Six Most Expensive, Popular Cryptocurrencies

Bitcoin on Monday hit a new record high above $71,000, as the surge in the biggest cryptocurrency showed no signs of slowing down.   Investigations revealed that the cryptocurrency coin…

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