Summary:- Financial Results: Chellarams Plc reported a significant loss of N3 billion for the financial year ending March 2024, compared to a profit of N4.9 billion the previous year.- Main Factors fo...
- Service Restoration: Unity Bank Plc has restored its services and resumed the collection of duties for cargoes from licensed customs agents and freight forwarders.- Previous Issues:- Downtime: The b...
In a strategic move to strengthen its financial sector, China is merging two of its largest state-owned brokerages, Guotai Junan Securities Co. and Haitong Securities Co., to create a financial powerh...
Verizon Communications Inc. has agreed to purchase Frontier Communications Parent Inc. for an enterprise value of $20 billion, marking a significant move in the telecommunications industry. The acquis...
The Nigerian National Petroleum Company Limited (NNPCL) reported 188 cases of oil theft between August 24 and 30, 2024, with incidents spread across the Niger Delta. Key findings include:1. Illegal Re...
Broadcom's AI Outlook in Focus for Q3 ResultsInvestors closely watch Broadcom's (AVGO) quarterly results, particularly its AI-related updates. Broadcom is expected to announce Microsoft-backed OpenAI ...
Introduction: - Ogun State Governor Dapo Abiodun praises the Dangote Refinery, highlighting its expected impact on Nigeria's economy and fuel supply.2. Refinery Details: - Dangote Refinery�...
OVERVIEWIkeja Hotel PLC is a prominent player in the Nigerian hospitality industry. The company owns and operates several well-known hotels, including:- Sheraton Lagos Hotel- Sheraton Abuja Hotel- Fed...
Aradel Holdings Plc's Acquisition:- Company & Acquisition Details: Aradel Holdings Plc, an indigenous energy company, has announced that its subsidiary, Aradel Energy Limited, signed a sale and pu...
BUA CEMENT 8TH AGM AND ITS CEO's COMMENTSEvent:- Annual General Meeting (AGM): The 8th AGM of BUA Cement was held on August 29, 2024, in Abuja.Key Individuals:- AbdulSamad Rabiu: Chairman of BUA Cemen...