Tranding on the nation’s bourse resumed for the week on a negative mood with a loss of N83 billion following sell pressure on bellwether stocks. Specifically, the market capitalisation which opened for the week at N20.572 trillion dipped N83 billion or 0.40 per cent to close at N20.489 trillion. Also, the All-Share Index lost 158.98…
Dangote Industries Limited has said its $2bn petrochemical plant in Lagos is designed to produce 77 different high-performance grades of polypropylene in the country. The company said in a statement on Sunday that with a turnover of $1.2bn, the plant, situated alongside the Dangote Refinery, had been strategically positioned to cater to the demands of…
Founder of IBTC Stanbic Bank, Atedo Peterside, has challenged the Nigerian National Petroleum Corporation to clarify allegations that it dipped its fingers in the federation account in order to announce a profit of N287bn. President, Major General Muhammadu Buhari (retd.), had announced a net profit by the NNPC for the first time in its 44-year…
Triple G Eco Revolution Solutions, a Non-Governmental Organisation, has stressedthe need to instill consciousness and discipline of taking good care of the environment in the heart of youths has been stressed. The Founder of the organisation, Mrs Oluwaseyi Ebenezer, made the call in an interview with on the sidelines of an award and dinner party…
Nigeria’s Gross Domestic Product (GDP), grew by 5.01 per cent (Year-on-Year) in real terms in the Second Quarter of 2021 (Q2, 2021), marking three consecutive quarters of growth since the recession in 2020 The National Bureau of Statistics (NBS) said this on Thursday in its Q2, 2021 GDP report published on its website. According to…
Trust Africa News Nigeria’s leading commodity player, AFEX, has partnered with agricultural investment company, South-West Agriculture Company (SWAgCo), and the Ogun State Government for the development of five thousand hectares (5000 ha.) for the production of multi-crops in the South-West region of Nigeria. The partnership was announced at an MoU signing ceremony at the deal…
The Nigerian Petroleum Development Company (NPDC) Limited and partners have expressed a renewed desire to work together to commence production in abandoned oil wells to the benefit of community and the country. NPDC is a subsidiary of the Nigerian National Petroleum Corporation (NNPC). The Managing Director of NPDC, Mr Mohammed AliZarah, spoke at event by…
The Transmission Company of Nigeria (TCN) says it has restored the national power grid after it experienced partial system disturbance at about 1:06p.m. on Monday. TCN’s General Manager Public Affairs, Mrs Ndidi Mbah, made this known in a statement in Abuja on Tuesday. Mbah said that the incident followed a sudden drop in system frequency…
Are you a young talented Nigerian struggling to build a career in music—both classical and contemporary? Do you have a dream or career in music that you want to pursue? Then you’re in luck! This scholarship is for you! MTN in partnership with the Musical Society of Nigeria (MUSON) presents a scholarship that would provide…
