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Bank grossed N33.9bn, grew assets by 44% in 9 months

Unity Bank Plc has declared gross earnings of N33.9 billion for the nine months ending September 30, 2020. The bank also recorded a 44 per cent growth in its assets in the period. A review of the unaudited Q3/2020 results released to the Nigerian Stock Exchange showed that the gross …

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Nigeria Enters Second Recession In Five Years.

The Nigerian economy has slipped into its second-time recession in with the space of five years after the gross domestic product contracted the second consecutive quarter. The National Bureau of Statistics on Saturday announced that the nation recorded a contraction of 3.62 per cent in the third quarter of 2020. …

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Investors lose N265bn amid sell pressure on large-cap stocks-NSE:

The Nigerian Stock Exchange (NSE) extended the loss at the previous session on Friday as profit-taking efforts deepened with negative implication for market capitalisation. Heavyweight stocks comprising BUA Cement, MTNN and Dangote Cement – all of them among the five most capitalised companies on the bourse – accounted most for …

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Nigeria Set to resume fuel importation from Niger Republic

The Minister of State for Petroleum Resources, Timipre Sylva, said on Friday Nigeria would restart fuel importation from the neighbouring Niger Republic to meet local energy needs. Sylva, who disclosed this in a statement by the ministry, said the two countries signed a Memorandum of Understanding (MoU) on petroleum storage …

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NNPC Reveals Only Way To Solve Electricity Problem In Nigeria.

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has disclosed how Nigeria can solve the problem of electricity. Kyari speaking at a media interactive session with National Association of Energy Correspondents in Abuja, on Friday, said the gas will help the country out of its …

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Yahoo Boys’ With Coffin Containing Female Undies Arrested.

Operatives of the Delta Police Command and members of a local vigilante group have arrested two suspected Yahoo boys for parading, on their heads, a coffin containing female undies at Ogwashi-Uku, Aniocha Local Government Area of Delta State. The two boys, it was learnt, were earlier nabbed by local vigilantes …

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Cocoa prices rise as producers and processors clash.

Tensions between cocoa-producing countries and manufacturers over costs have led to soaring prices on the international market, even as demand slumps because of the coronavirus. In New York, the price of a tonne of cocoa for delivery in December has jumped by more than 25 per cent since last Friday …

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Paul Okoye calls Twin Brother’s Wife Lola Manipulator.

Paul Okoye drags twin brother, Peter’s wife, Lola Omotayo on Instagram [Instagram/IamKingRudy] [Instagram/LolaOmotayo] The former member of the defunct group, PSQUARE, took to his Instagram page on Thursday, November 19, 2020, where he slammed his brother’s wife over her recent Birthday wish to him, . “Aunty for four years we …

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Crypto,Blockchain Key To Future Success-Airbnb

Airbnb, the world’s biggest and most popular vacation online rental marketplace, highlighted the role of cryptocurrency and blockchain technologies in the company’s success in the future. In its recently released prospectus filed with the US Securities and Exchange Commission (SEC) for its long-awaited IPO, the company gave an in-depth insight …

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