Lagos Releases Report Of Budget Performance For First Quarter Of 2025

The Lagos State Government, through the Ministry of Economic Planning and Budget, has released its budget performance report for the First Quarter (Q1) of 2025, reaffirming its commitment to transparency, fiscal discipline, and efficient public financial management. According to the report, the State generated total revenue of ₦582.45 billion in Q1 2025, reflecting 79% performance…

ICPC launches Investigation into Discrepancies in Student Loan Disbursement

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has commenced a comprehensive investigation into alleged discrepancies surrounding the student loan disbursement under the Nigeria Education Loan Fund (NELFUND). This action follows a recent media report alleging that no fewer than 51 tertiary institutions were implicated in illegal deductions and exploitation related to the…

Dangote Sugar Grows Turnover By 51%, to Provide 75,000 Jobs

The Chairman of Dangote Sugar Refinery Plc, Aliko Dangote has revealed that the company’s turnover increased by 51 per cent to N665.6 billion for the year ended December 31, 2024, as against the corresponding figure of N441.5 billion recorded for the 2023 financial year. Speaking at the 19th Annual General Meeting (AGM) on Tuesday, Mss Bennedikter…

GTCO Sustains Profitability Momentum With Growth In Core Income – Declares A PBT of N300.4billion in Q1 2025

Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has released its Unaudited Consolidated and Separate Financial Statements for the period ended March 31, 2025, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group reported profit before tax of ₦300.4billion on the back of strong performance posted on the core earnings…

US Imports Over 2 million Barrels of Jet Fuel from Dangote Refinery

The growing influence of the Dangote Petroleum Refinery & Petrochemicals is extending far beyond Africa and the Middle East, as the United States imports over two million barrels of jet fuel from the world’s largest single-train refinery in March. Experts assert that this development should bring immense joy to Nigerians, as it attests to the…

Dangote To Build 6 Mta Cement Plant In Itori, Largest Seaport In Ogun State

Africa’s foremost Industrialist and President of the Dangote Industries Limited, Aliko Dangote, has disclose his plan to build in Ogun State, a multi-billion-dollar Seaport, which will be the largest in Nigeria. He also said two new lines with a capacity of 6.0 million metric tons per annum, (Mta), for the cement plant is being constructed…

Unity Bank Hosts IWD Webinar, Commits to Accelerating Action Towards Gender Equality

Unity Bank Plc has reaffirmed its commitment to women’s empowerment with a series of high-impact initiatives designed to inspire action toward gender equality and sustainable development. The Bank hosted a webinar with the theme: “Unleashing Women’s Potential,” pivoted by the Unity Bank Women Network as it was marking this year’s International Women’s Day, Being one…

Dangote Foundation Flags Off N16B 2025 National Food Intervention Programme

Over one million Nigerians nationwide will receive a 10kg bag of rice each as the Aliko Dangote Foundation (ADF) Thursday commenced the distribution of the staple food as part of the 2025 Annual National Food Intervention Project estimated at a whooping cost of N16billion. Speaking during the flag-off of the nationwide distribution in Kano, Chairman…

EFCC Warns Nigerians of 58 Illegal Ponzi Scheme Operators

The Economic and Financial Crimes Commission, EFCC, has issued a public warning regarding the activities of 58 companies allegedly operating illegal Ponzi schemes under the guise of investment opportunities and defrauding innocent Nigerians of their hard-earned money. The warning is contained in a statement issued by the EFCC Spokesperson, Dele Oyewale, in Abuja. The commission stated that the companies are neither registered…

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