Tech Startups And The Profit Of Cooperatives, by Inyene Ibanga           Humanity acknowledges that the current global realities demand creativity and innovation to address the numerous challenges confronting countries, businesses and individuals as a result of dwindling resources. The situation has further worsened with the crippling...

NNPC’s Revenue Falls By N916bn Despite Posting N287bn Profit       Nearly two weeks after declaring its first profit in its 44-year history, the Nigerian National Petroleum Corporation said on Wednesday that its group revenue for the 2020 financial year fell to N3.72tn from N4.63tn in 2019....

BUA, Dangote and Price Fixing War, by Muhammad Sagir Bauchi Around October 1929, values of stocks in the New York Stock Exchange (NSE) market dropped to an unprecedented record level. Within three days, many investors loss about five billion dollars. Towards the end of the...

Sirika To Airlines: Stop Blaming Govt For Profit Decline       Minister of Aviation, Senator Hadi Sirika, has cautioned members of the Airlines Operators of Nigeria, against accusing his ministry and aviation regulatory agencies for the unfavourable operating environment and decline in their profits. Sirika gave the caution...

MTN Nigeria Profit Shrinks To N144.24bn         MTN Nigeria’s profit dropped by 3.3 per cent, recording N144.24bn profit after tax in the nine-month period ended September 30, the company’s unaudited financial report released on Wednesday has shown. MTN said its operations were impacted by the devaluation of...

33 Listed Firms’ Profit Declines By N96bn In H1     At least 33 listed companies on the floor of the Nigerian Stock Exchange, who have so far published their half year result, have seen their cumulative profit after tax drop by N95.8 billion. The firms’ profits dropped...