CAP Post-Tax Profit Decline by 42% Chemical and Allied Products Plc has reported a 42 per cent decline in profit after tax for the second quarter of 2024. The company’s post-tax profit fell from N895m in Q2 2023 to N517m in Q2 2024, driven by escalating...

Vehicle Importation falls 60.8% in H1 2024 – NPCC The number of vehicles imported into the country fell sharply by 60.4 per cent, year-on-year, YoY, to 10,991 in the first half of this year, H1’24, reflecting the impact of the naira depreciation and general economic...

Minister Explains Delay in Direct Payment of FAAC to LGAs The Minister of Finance and Coordinating Minister of Economy, Wale Edun, says there are “practical impediments” to the implementation of direct payment of allocation to local government areas (LGAs) from the federation account. Edun spoke on...

Thinklab Group Joins Forces with Africa International Housing Show for Milestone 18th Edition Thinklab Group, a prominent conglomerate specializing in innovation, development, finance solutions, and infrastructure, has announced its partnership with the Africa International Housing Show (AIHS) for its 18th edition. The event, scheduled from Monday,...

Nigeria Raked in About $100b Diaspora Remittance in Five Years – Dabiri-Erewa Abike Dabiri-Erewa, the chairman and chief executive officer of Nigerians in Diaspora Commission said the country has raked in about $100 billion from diaspora remittances in the last five years. This is as she...

Oil Theft: Nigeria lost about $10bn in seven months - Speaker Abbas Speaker of the House of Representatives, Abbas Tajudeen said on Thursday, July 25, that the country lost about 10 billion dollars in revenue to crude oil theft between January and July 2024. Speaking through...