Tag: Spotlight

Article Summary Unity Bank is facing significant challenges with negative retained earnings of N379.786 billion and negative shareholders’ funds of N139.797 billion in Q1 2023. The bank’s financials indicate accumulated…

Article Summary Former President Mohammodu Buhari signed the Finance Act 2023 into law, introducing tax reforms aimed at modernizing Nigeria’s fiscal framework. The Act includes a 10% tax on gains…

Article Summary Nigerian companies demonstrated resilience and achieved impressive financial results in 2022 despite economic challenges. Top companies in Nigeria, including banks, telcos, consumer goods, and cement producers, increased their…

Article Summary Nigeria’s foreign trade in the first quarter of 2023 decreased by 17.5% compared to the same period in 2022 but increased by 2.8% from the previous quarter. The…

Article summary Quoted Nigerian banks on the Nigerian Exchange (NGX) grew their e-business income by 7% to N307.472 billion compared to N287.429 billion recorded in the previous year 2021. UBA accounted…

Key highlights Resilient Nigerian stocks have surpassed the country’s high inflation rate of 22.22%, demonstrating remarkable returns and outperforming the challenging economic environment. Industry trends, such as petroleum products distribution,…

Article Summary Dr Yemi Kale highlighted the key advantage Nigeria has over other African countries in terms of opportunities and strengths. According to him, Nigeria’s large potential gives us that…

Article Summary Dahiru Mangal, founder of Max Airlines, started from humble beginnings as a truck driver after his formal education. He leveraged strategic friendships and associations to secure business contracts…

Article Summary  Economic experts have emphasized that the unification of Nigeria’s exchange rate will require a strategic and gradual approach, considering the challenges and potential market distortions.  The economists, however,…

The Nigerian National Petroleum Company (NNPC) Limited has just confirmed the change in petrol prices. A press statement released on Wednesday May 31st, 2023, and signed by the NNPC’s Chief…