Tag: debt burden
Business Companies Top Story

Corporate financial reports and strategic plans unveiled by Transcorp, Unilever, and Nigerian Breweries

Transnational Corporation Plc (Transcorp) has reported a significant increase in its gross profit for the year ended Dec. 31, 2023, indicating positive growth in its financial performance. According to Mr. Tony Elumelu, Chairman Board of Directors, Transcorp, the company’s gross profit surged by 66.0 per cent to N109.1 billion, compared to N65.77 billion in the Read More…

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Business Debt Top Story

Unveiling Nigeria’s N23 Trillion Debt Quandary: Navigating Accountability and Economic Stability

On Thursday last week, the Nigerian Naira experienced a significant drop to an unprecedented low against the US dollar in the unregulated market, as reported by currency traders nationwide. In Lagos, traders near the Ikeja area noted an exchange rate of N935.00 per dollar, while in Abuja, dealers reported trading at N950.00 per $1, a Read More…