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OctTranscorp Plc Completes Share Reconstruction
Transcorp Plc has successfully completed a share reconstruction aimed at optimizing shareholder value. The process involved a 1-to-4 share consolidation, reducing the total number of issued shares from 40.6 billion to 10.2 billion. While the number of shares decreased, the total value of shareholders’ investments remains unchanged. Owen D. Omogiafo […]
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OctLiving Trust Mortgage Bank Reports Strong Third-Quarter Earnings
Living Trust Mortgage Bank Plc has announced its financial results for the third quarter ended September 30, 2024. The bank reported a significant increase in gross earnings, reaching N2.744 billion for the nine-month period, up from N1.964 billion in the previous year. Profit after tax also rose by 44.18% to[…]
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OctNNPC Supplies Crude Oil to Dangote Refinery under Naira-for-Crude Agreement
The Nigerian National Petroleum Company Limited (NNPC) has supplied four cargoes of crude oil to Dangote Refinery under the naira-for-crude sale agreement. Additional deliveries are expected in the coming weeks. A source from Dangote Refinery disclosed that the first phase of this naira-for-crude sale agreement is set for six months.[…]
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OctIMF World Economic Outlook: Global Growth and Inflation Projections
The International Monetary Fund (IMF) has released its latest World Economic Outlook (WEO) report, forecasting that global growth is expected to ease slightly to 3.2 percent this year and remain at that level in 2025. The IMF also projects that global inflation will continue to decrease, reaching 5.8 percent this[…]
