The Nigerian Content Development and Monitoring Board (NCDMB) says it has grown Nigerian content in the oil and gas sector to 42 percent. Simbi Wabote, Executive Secretary of NCDMB gave the update on Wednesday, while speaking at a Local content worksho…
UBA profit hits N44.5bn as earnings rise 18%
United Bank for Africa Plc (UBA) has reported a profit before tax of N44.5 billion for the first quarter of 2022, up from N40.6 billion in the same period last year. The bank’s unaudited results, released to the Nigerian Stock Exchange on Tuesday, show…
Sacked Lagos4Lagos ex-chair, others return to APC
Despite his initial denial, sacked former chairman of the Lagos4Lagos movement, Sunday Ajayi has re-joined the ruling All Progressives Congress (APC) in Lagos State. Ajayi, who was a factional chairman of the APC in the state, had recently defected fro…
Kidnapping: Senate prohibits ransom payment in amended terrorism act
The Senate has passed the Terrorism (Prevention) Act, 2013 bill prohibiting the payment of ransom to kidnappers in Nigeria. The passage followed the adoption of the report of the Senate committee on judiciary, human rights and legal matters at plenary …
Nigeria’s quoted Commercial Papers value decreases by 26.33% in March
The total value of Commercial Papers (CPs) quoted on FMDQ Exchange in March 2022 was N72.06billion, representing a month-on-month (MoM) decrease of 26.33percent (N25.76billion) from the value of CPs quoted in February 2022 (N97.82billion), according to…
Over 95% of Lagos houses built without soil test- expert
A construction expert, Akinsola Olufemi says over 95 percent of buildings in Lagos State are constructed without soil tests, warning that such buildings could be at risk of collapse. Olufemi, director, Applied Research and Technology Innovation (ARTI),…
GTCO reports N54.3bn pre-tax profit in Q1
Guaranty Trust Holding Company Plc (GTCO Plc) has released its unaudited consolidated and separate financial statements for the period ended March 31, 2022, to both the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group reported p…
2023: I’ve capacity to fix Nigeria’s challenges – Peter Obi
Former Governor Peter Obi, a presidential aspirant on the platform of the People’s Democratic Party (PDP) says he has the capacity to fix the political and socio-economic challenges of Nigeria. Obi made the declaration at a meeting with the PDP stakeho…
Eko Bridge: We’re working to end motorists’ pain – FG
The Federal Government says it is making efforts towards ensuring that the pain that motorists are experiencing on the Eko Bridge, Lagos, is short-lived. Olukayode Popoola, the federal controller of works in Lagos, who gave this assurance in a telephon…
SystemSpecs extends deadline for Children’s Day Essay competition due to wide interest
SystemSpecs, Africa’s financial, human resources and e-commerce software technology firm, has extended the deadline for submission of entries for the 2022 Children’s Day Essay Competition till April 29, 2022. According to Oluwasegun Adesanya, group hea…