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Latest News
Fidelity Bank Plc Gains 120.1% PBT in Q1 2024
Fidelity Bank Plc recently announced a 120.1% growth in profit before tax in the first quarter (Q1), which ended March 31, 2024. The bank recorded N39.5bn for Q1 2024, which was far from the correspon...
Nigerian Senate Begins Probe Into Hike in Electricity Tariff
The Nigerian Senate has begun investigating the hike in electricity rates in eleven states.During Monday's meeting at the Senate-wing National Assembly, the Red Chamber threatened to punish any person...
Dangote Refinery Reduces Diesel and Aviation Fuel Again
On Tuesday, the Dangote refinery announced that aviation fuel and diesel prices would now sell for N980 and N940 per litre, respectively.This follows the company's announcement last week that it would...
Layoffs Hit as Nigerian Breweries Plc Moves to Shut down Two Plants
Nigerian Breweries, one of the biggest beer manufacturers, announced on Tuesday in its recent note to the Nigerian Exchange Limited that it will proceed to restructure its entire business in response ...
Dangote Refinery Slashes Diesel Price From N1200 to N1000
On Tuesday, the Dangote refinery announced that the price of a litre of diesel would be reduced from N1,200 to N1,000.The company expects the significant decrease in diesel prices to positively affect...