Rumoured fuel scarcity: NNPC cautions against panic buying despite private depot owners’ price hike

November 3, 2021 Segun Odunewu 0

Nigerians face another possibility of fuel scarcity as Independent Petroleum Marketers Association of Nigeria (IPMAN) are reluctant to lift or buy fuel from private depot owners who have increased pump price of fuel from N148/litre to N157/litre. IPMAN’s National Vice President, Alhaji Abubakar Maigandi said the N9/litre difference, which is about 6.08 per cent increase, has culminated in the gradual Read More

Wema bank announces 135.8% growth in profit before tax

November 1, 2021 Suleiman Idris 0

Wema Bank Plc has announced an increase of 135.8 per cent in profit before tax (PBT) to close its third quarter at N7.2 billion on the back of a Year-on-Year (Y-oY) growth of 9.1 per cent in gross earnings to N63.1 billion from N57.8 billion. In its unaudited financial results its total assets increased by seven per cent to N1.07 Read More

Total equity transactions rises by 32.13% in September – NGX

October 24, 2021 Amaka Ifeakandu 0

The Nigerian Stock Exchange (NGX) recent report on domestic and foreign Portfolio participation in equities trading showed that total equities transactions increased significantly by 32.13 per cent in the  month of September. The report showed that total equities traded rose to  to N118.15 billion ( $285.81million) against N89.42billion ($217.53million) in August. The jump in total transaction value was chiefly driven Read More