Business – Page 734 – Rise Africa

GTCO records N300bn PBT

02.05.2025

Guaranty Trust Holding Company Plc has reported a profit before tax of N300.4bn for the first quarter ended March 31, 2025, demonstrating resilience in its core earnings and continued leadership in Nigeria’s financial services industry. The result, filed with both the Nigerian Exchange Group and the London Stock Exchange, showed GTCO’s interest income rose by...

Presco revenue doubles to N93.8bn

02.05.2025

Presco Plc has reported a 120.4 per cent year-on-year growth in revenue for the first quarter ended 31 March 2025, rising to N93.8bn from N42.5bn recorded in the same period in 2024. According to its unaudited financial statements filed with the Nigerian Exchange Limited recently, profit before tax increased by 97.6 per cent to N58.6bn...

SEC flags Tofro as unregistered crypto platform – Punch Newspapers

02.05.2025

The Securities and Exchange Commission has flagged an online investment platform, Tofro.com, as an unregistered and potentially fraudulent cryptocurrency trading operation. In a public notice issued on Thursday, the commission warned Nigerians to avoid the platform, describing its activities as suspicious and indicative of a Ponzi scheme. The SEC said Tofro is not registered to...

Bellazir pledges timely fuel distribution nationwide – Punch Newspapers

02.05.2025

The Chief Executive Officer of Bellazir Energy Limited, Christabel Aniemeka, says the company will ensure the timely and efficient delivery of petroleum products across the country. Aniemeka disclosed this on Tuesday during the official launch of Bellazir Energy at Victoria Island, Lagos. In her address, the CEO said the launch was a defining milestone for...

Minister leads operators to China gas conference – Punch Newspapers

02.05.2025

The Nigerian Gas Association has confirmed that Nigeria’s presence at the World Gas Conference 2025 in Beijing, China, will be headlined by strong government and energy industry leaders. Leading the Nigerian delegation to the triennial event is the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo. A statement by NGA disclosed that Ekpo would...

Dangote to convert 6,000 diesel-powered trucks to CNG – Punch Newspapers

02.05.2025

Dangote Group is set to convert an additional 6,000 diesel-powered trucks to start running on Compressed Natural Gas. This will add to the existing 4,000 trucks initially converted to CNG by the Dangote Group. The Presidential Compressed Natural Gas Initiative Programme Coordinator, Michael Oluwagbemi, disclosed this in a recent video on the PCNGI’s X handle....

FG mobilises contractors to complete abandoned power projects – Punch Newspapers

02.05.2025

The Federal Government has mobilised contractors to sites to complete all abandoned rural electrification projects. It disclosed this through the Managing Director/Chief Executive of the Rural Electrification Agency, Abba Aliyu. REA is an agency of the Federal Government responsible for rural electrification nationwide. Aliyu disclosed this during a chat with newsmen in Lagos on the...

Discos generate N769m from mass metering of Army barracks – Punch Newspapers

02.05.2025

The Federal Government has revealed that its mass metering initiative for army barracks across the country has generated over N769m in revenue collection by electricity distribution companies for the power sector between August 2024 and April 2025. Recall that in March 2023, the Minister of Power, Adebayo Adelabu, launched the initiative at the Ikeja Cantonment...

Nestlé returns to profit with N30.2bn gain – Punch Newspapers

02.05.2025

Nestlé Nigeria Plc has returned to profitability in the first quarter of 2025, posting a profit after tax of N30.2bn, a significant recovery from a loss of N142.7bn recorded in the same period of 2024. According to the unaudited financial statements for the period ended March 31, 2025, the food and beverage giant recorded a...

BUA Foods records N125.3bn PAT – Punch Newspapers

02.05.2025

Bua Foods Plc has posted a profit after tax of N125.3bn for the first quarter ended March 31, 2025, representing a 124.5 per cent increase from N55.8bn recorded in the same period of 2024. According to its unaudited financial results filed with the Nigerian Exchange Limited on Wednesday, the company recorded a turnover of N442.1bn...

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I apologise for saying no heaven without tithe – Adeboye

04.10.2024

The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

04.10.2024

Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

04.10.2024

The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...

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Latest News

GTCO records N300bn PBT

Presco revenue doubles to N93.8bn

SEC flags Tofro as unregistered crypto platform – Punch Newspapers

Bellazir pledges timely fuel distribution nationwide – Punch Newspapers

Minister leads operators to China gas conference – Punch Newspapers

Dangote to convert 6,000 diesel-powered trucks to CNG – Punch Newspapers

FG mobilises contractors to complete abandoned power projects – Punch Newspapers

Discos generate N769m from mass metering of Army barracks – Punch Newspapers

Nestlé returns to profit with N30.2bn gain – Punch Newspapers

BUA Foods records N125.3bn PAT – Punch Newspapers

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