AGS NEWS – Nigeria’s Financial and Insurance sector experienced significant growth, rising from 10.1% in 2021 to 31.2% in the first quarter of 2024, as reported by Afrinvest in its latest report, “Bank Recapitalisation Catalyst for a $1 Trillion Economy,” … Continue reading Financial sector grows by over 20% in three years – Afrinvest Reports
AGS NEWS – The Ecobank Group reported a 249% increase in profit after tax, reaching N140.9 billion in the first quarter of 2024. This was detailed in its unaudited consolidated results for the quarter ending March 31, 2024, released on … Continue reading Ecobank reports 249% surge in profit after tax
AGS NEWS – A recent report from Elastos, a blockchain website, revealed that 20% of Nigerians, representing at least one in five people, are using Bitcoin for daily transactions. The research gathered insights from 1,407 self-described “tech savvy” individuals in … Continue reading 20% of Nigerians use Bitcoin to transact daily- Reports
AGS NEWS – In Nigeria, the Nigerian Communications Commission (NCC) has reported a record-breaking monthly data consumption of 721,522 terabytes, marking the highest figure ever recorded. This surpasses the previous record set in December 2023, which stood at 713,200 terabytes. … Continue reading NCC reports record 721,522 terabytes of data consumption in January 2024
AGS NEWS – According to the latest Petrol Price Watch report released by the National Bureau of Statistics (NBS) in Abuja on Thursday, the average retail price of kerosene per litre increased slightly from N1,329 in January 2024 to N1,340 … Continue reading NBS reports kerosene price surged to N1,340 per litre in February
AGS NEWS – A recent Chainalysis report indicates a significant drop of 29% in money laundered through cryptocurrency exchanges in 2023. The report, released on Thursday, highlights a decrease from $31.5 billion in 2022 to $22.2 billion in 2023. According … Continue reading Cryptocurrency money laundering decreases by $9 billion, according to report
The Independent National Electoral Commission (INEC) has revealed that the re-run election in Enugu South 1 State Constituency was marred by the intervention of unidentified individuals. In a tweet posted on its official handle on Wednesday, the commission confirmed the … Continue reading Hoodlums disrupts Enugu South re-rerun election
Paris Saint-Germain forward Kylian Mbappe is reportedly considering a move to Arsenal, according to The Independent. However, it appears that Arsenal is hesitant to deviate from their financial strategy to accommodate such a deal. Mbappe is said to be attracted … Continue reading Kylian Mbappe would love to join Arsenal – Reports
Nigerian Breweries Plc has disclosed its unaudited financial statement for the third quarter ending on September 30, 2023, revealing a total revenue of N402 billion. This marked a 2% increase compared to the N393 billion generated in the same period … Continue reading Nigerian breweries reports N402bn revenue for Q3 2023
The Federal Road Safety Corps (FRSC) has released grim statistics indicating that 75 individuals lost their lives in road traffic accidents in Lagos State between January and August. The FRSC Lagos Sector Commander, Babatunde Farinloye, conveyed this information to reporters … Continue reading Lagos reports 75 fatalities in eight months – FRSC
Uganda’s President Yoweri Museveni has revealed that since December 2021, over 560 members of the rebel group known as the Allied Democratic Forces (ADF), which has links to the Islamic State, have been killed in military operations within Uganda. The … Continue reading Uganda reports significant losses in operations against ADF rebels
Pop icon Britney Spears has broken her silence on the heels of her divorce announcement from husband Sam Asghari. News of Asghari’s departure from the marriage garnered significant attention this week, only 14 months after their high-profile wedding. Spears took … Continue reading Britney Spears breaks silence amid divorce reports
The Nigeria Extractive Industries Transparency Initiative (NEITI) has reported significant economic losses for Nigeria due to crude oil theft and sabotage of crude assets during the period of 2009 to 2020, amounting to approximately N16.25 trillion. Crude oil barrels unaccounted … Continue reading Nigeria lost N16.25 trillion due to oil theft between 2009 and 2020, NEITI reports
The Nigerian government recently revealed that the floods in 2022 inflicted a substantial direct economic blow of $7 billion on the country. This disclosure was made during an event organized by the United Nations Framework Convention on Climate Change, where … Continue reading FG reports $7 billion economic damage from 2022 floods
The final report of the European Union Observer Mission on the February 25 presidential election was admitted as evidence by the Presidential Election Petition Court in Abuja. The report was presented by the Peoples Democratic Party (PDP) and its candidate, … Continue reading Presidential election petition tribunal accepts EU report as evidence in presidential poll case
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