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Union Dicon Salt Plc to Hold AGM Amidst Going Concern Threat Market value of Union Dicon Salt Plc, a company with going concern threat, has been flattish at N2.214 billion over the last seven trading sessions ahead of the company annual general meeting (AGM). The company reported zero sales in 2023, according to its audited […]

Financial Reporting in Hyper-Inflationary Condition Delays VFD Audited Report VFD Group has announced late filing of its 2023 audited financial statement, according to its official statement release on Wednesday. The company said management inability to close its audited report with auditor was as a result of treatment of accounting information under hyper inflationary condition. The […]

Oil Prices Dip as Market Expects US Demand to Slow Oil prices slide as inventory data signal lower demand in the United States (US), the world’s biggest oil consumer, outweighing supply concerns from tension in the Middle East. International benchmark Brent crude traded at $89.72 per barrel, a 0.33% fall from the closing price of […]

U.S, China Debts Surge to Have Weighty Impact Global Economy –IMF The two global economic power house, the United States (U.S) and China government rising debts profile has been noted to be negative for the global growth, the International Monetary Fund, IMF, warned. The U.S. and Chinese governments need to take action to lower future […]

TCN Deploys Technology to Detect Sudden Drop in Power Generation The Transmission Company of Nigeria (TCN) says it has deployed a Generation Dip/Loss Detection System (GLDS) which detects and responds to sudden drops or dips in power generation. Mrs Ndidi Mbah, General Manager, Public Affairs, TCN said in a statement in Abuja on Wednesday that […]

Juventus have been ordered to pay Cristiano Ronaldo £8.3m in owed wages by an Italian court. Ronaldo, 39, agreed to defer wages when football in Italy was halted by the Covid pandemic in the 2020-21 season. The Portuguese had claimed he was owed more than £17m by his former club. The Court of Arbitration said […]

A High Court of the Federal Capital Territory (FCT) yesterday admitted three documents in evidence in the bribery trial of the Managing Director and Chief Executive Officer of Duport Midstream Company Limited, Mr. Akintoye Akindele. Justice Modupe Osho-Adebiyi admitted the documents and marked them as exhibits accordingly during the cross-examination of the first prosecution witness […]

The Presidential Candidate of the Peoples Democratic Party (PDP) in the 2023 general elections, Mr Atiku Abubakar and the Minister of the Federal Capital Territory, Mr Nyesome Wike, on Wednesday attended the PDP’s national caucus meeting in Abuja ahead of the party’s National Executive Committee meeting, scheduled to take place on Thursday. This is the […]

The Economic and Financial Crimes Commission (EFCC) has warned members of the public that it is a criminal offence to obstruct officers of the Commission from carrying out their lawful duties. This is as the anti-graft agency has insisted that former governor of Kogi State, Yahaya Bello, will be arraigned on Thursday despite confirming that […]

The desert nation of the United Arab Emirates attempted to dry out Wednesday from the heaviest rain ever recorded there after a deluge flooded out Dubai International Airport, disrupting flights through the world’s busiest airfield for international travel. The state-run WAM news agency called the rain Tuesday “a historic weather event” that surpassed “anything documented […]

Kogi Governor Usman Ododo opened his defence on Wednesday in the petition by the Social Democratic Party (SDP) and its candidate in the last governorhip election in the state, Murtala Ajaka. SDP and Ajaka are challenging the victory of Ododo of the All Progressives Congress (APC) in the election. On Wednesday, Ododo tendered bundles of […]

The military has voiced deep concerns over the reported involvement of two of its personnel in an alleged case of theft at the Dangote Refinery in Lagos. In a statement, Director of Army Public Relations Major General Onyema Nwachukwu condemned the incident, stating that it was “totally unacceptable and highly regrettable,” and emphasized that it […]