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Foreign exchange gains of over N24 billion provided an escape route for United Capital Plc from a three-time jump in credit losses and a drop in net operating income - that could have crashed the bottom line in 2023. Foreign exchange gains multiplied close to 13 times from less than N1.9 billion in the preceding year to build another income of…

To guarantee effective power supply in Ekiti State, the Nigerian Electricity Regulatory Commission (NERC), has ceded its regulatory oversight of the electricity market in the state to the Ekiti State Electricity Regulatory Bureau (EERB). NERC said that while it exercises regulatory oversight of the Nigerian Electricity Supply Industry (NESI) as…

Legend Twist pulled out all the stops at Trace Live with D'banj, commemorating his two-decade journey as a stage icon. The electrifying event, held on April 12, 2024, at Terra Kulture, delivered an unforgettable experience. Guests arrived dressed to impress, brimming with excitement as they sampled Legend Twist's trio of flavours – Lemon,…

With the race for the government houses in Edo and Ondo states advancing, the three leading political parties, All Progressives Congress (APC), Peoples Democratic Party (PDP) and the Labour Party (LP) have earned N2.284 billion from sales of Nomination and Expression of Interest Forms to their aspirants who are squaring up in primaries ahead of the…

Guaranty Trust Holding Company Plc (GTCO) piled up credit and financial asset losses of N198 billion in 2023. Still, an equally massive inflow of foreign exchange revaluation gains of N442 billion provided sufficient cover to throw off the losses without hurting the bottom line. The bank’s audited financial report for the full year ended…