Eyebrows Raised over Geregu’s N2.9 Trillion Valuation as Analysts Flag Discrepancies
Market experts have cast doubts on Geregu’s N2.9 trillion valuation, flagging discrepancies in turnover and financial activity.
Market experts have cast doubts on Geregu’s N2.9 trillion valuation, flagging discrepancies in turnover and financial activity.
PETROAN has accused RCC of delaying refinery product distribution, urging Tinubu and Umahi to evaluate the project contract.
Dubai’s DAMAC Group has teamed up with MANTRA to tokenize $1 billion in Middle East assets, enhancing blockchain adoption.
Minister Bosun Tijani has said the government is unlikely to approve Mobile Network Operators’ demand for 100% telecom tariff increase.
FBN shareholders have demanded EGM under CAMA, aiming to remove Chairman Femi Otedola and non-executive director Julius Omodayo-Owotuga.
The NGX has recorded N12.17 trillion in listings for 2024, driven by FGN Bonds and corporate expansion-focused issuances.
Rolls-Royce is set to expand its Goodwood factory and global headquarters in response to growing demand for its bespoke car models. The luxury carmaker will invest over £300 million to
Seplat Energy has revealed plans to revive 400 idle oil wells, targeting over 120,000 barrels per day crude production.
Dele Oye has emphasised the need for government to support private sector growth, reduce costs, and attract investments to Nigeria.
Indonesia has joined BRICS as a full member, strengthening Global South cooperation and expanding the bloc’s global influence.
Apple has revealed plans to enhance its AI feature after facing backlash over misleading news notifications on iPhones.
Dr. Gillis-Harry has highlighted PETROAN’s plea for a ₦100 billion fund, aiming to mitigate high-interest rate burdens on retailers.
Nigeria’s external debt servicing costs surged by 38%, totaling $3.53 billion in the first nine months of 2024.
BUA Group has clarified the Akwa Ibom refinery’s progress, denying 90% completion claim, and assured timely delivery and energy security.
NACCIMA has criticised 2024 economic performance, highlighting the negative impacts of inflation, high borrowing costs, and currency devaluation.
PETROAN has recommended privatising Warri and Kaduna refineries to reputable private companies to enhance efficiency and cut government spending.
The market value of GTCO and nine banks has surged to N7.87 trillion as NGX capitalisation hit N62.76 trillion.
The market value of Guaranty Trust Holding Company Plc (GTCO) and nine other banks rose to N7.87 trillion in 2024 as market capitalisation increased to N62.76 trillion on the stock market of the Nigerian Exchange Limited (NGX) in 2024, an investigation by THISDAY has revealed.
The NGX banking Index which witnessed mixed reactions in 2024, closed positive amid impressive corporate earnings by listed banks on the Exchange.
According to analysts, investors have been trading cautiously in the banking stocks on the backdrop of the recapitalisation policy of the Central Bank of Nigeria (CBN).
The CBN announced the banking sector recapitalisation exercise on March 28, 2024, and investors who invested in the banking stocks have maintained cautious trading.
Microsoft is planning to invest about $80 billion in fiscal 2025 on developing data centers to train artificial intelligence (AI) models and deploy AI and cloud-based applications, the company said
Kelvin Emmanuel has criticised Nigerians’ emotional attachment to non-functional refineries, arguing it perpetuates inefficiency and questionable practices.
Ardova and Heyden Petroleum have secured bulk purchase agreements with Dangote Refinery to ensure steady and affordable fuel supply.
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