Stakeholders Advocate Policies, Collaborations to Advance Nigeria’s Automotive Manufacturing Automotive manufacturing stakeholders have called for right policies and collaborations aimed at advancing Nigeria’s automotive manufacturing sector and supporting its transition from import-based to  production-based. They made the call at a meeting of officials of the African Association of Automotive Manufacturers (AAAM), Nigerian Automotive Manufacturers Association […]

FCTA Disburses N6.32bn to Area Councils, Others The Federal Capital Territory Administration (FCTA) has disbursed N6.32 billion to the six area councils, teachers, and pension scheme as statutory allocation for March. The FCT Minister of State, Dr Mariya Mahmoud, disclosed this while presiding over the 188th Joint Account Allocation Committee (JAAC), in Abuja on Thursday. […]

Investors See N304bn Gain as Nigerian Stocks Rally Investors saw about N304 billion gain as Nigerian stocks rally on Thursday following buying interest across Nigerian Exchange (NGX) key indices. According to information obtained from the local bourse, the equities market performance indicators grew by +0.55%. Hence, year to date return advanced after short holiday to […]

Nigeria Economy to Experience Significant Growth soon – Shettima Vice President Kashim Shettima has expressed the optimism that the Nigerian economy would experience significant growth soon. Shettima stated this on Thursday in Abuja at the 2nd Chronicle Roundtable, organised by 21st Century Media Services, publishers of 21st Century Chronicle. The Vice President implored Nigerians to […]

Tariff Hike: Court Orders Lawyers to Paste Restraining Order at MultiChoice Office The Competition and Consumer Protection Tribunal in Abuja, has ordered that its interim order, restraining MultiChoice Nigeria Limited from increasing the DSTV tariff, be pasted at the firm’s corporate headquarters, or any known address of the branches across Nigeria. The chairman of the […]

Severe Macroeconomic Headwinds Overshadow MTN Nigeria Performance –CEO MTN Nigeria Plc earnings plunged again due to negative impacts of the naira fluctuations. The telecom posted about N600 billion in losses in the first quarter of 2024, with negative shareholders’ funds. In the first three months financial scorecard, the telecom company noted customers decline as a […]

We Cleared N11bn Salary Arrears, Restored Workers’ Morale – Mutfwang Gov. Caleb Mutfwang of Plateau, has said that he cleared N11 billion salary arrears he inherited from his predecessor, and restored the morale and stability of the workforce. Mutfwang, who stated this at the Workers’ Day celebration on Wednesday in Jos, said that he inherited […]

Transcorp Grows Revenue to N88.6bn Transnational Corporation Plc (Transcorp) says it recorded N88.6 billion revenue as at March 31, 2024 Mr Stanley Chikwendu, Group Company Secretary, Transcorp, said this in a statement capturing the unaudited financial result of the group for the period ended March 31, 2024, sent to the Nigerian Exchange Ltd.(NGX) on Wednesday […]