Ardova posts group loss of N3.8b in 2021due to losses from subsidiaries,  Enyo acquisition

WorldStage Newsonline–  Ardova Plc (AP) has posted a profit of N1.54 billion for the financial year ended Dec. 31, 2021 and a group net loss position of N3.8 billion due to losses from subsidiaries Axles and Cartage, and newly acquired Enyo Retail and Supply Ltd.

Ardova posts group loss of N3.8b in 2021due to losses from subsidiaries,  Enyo acquisition Read More

Crude oil theft has become an organised crime with Nigeria losing $10m daily – TotalEnergies boss

WorldStage Newsonline– Crude oil theft has become an organised crime which is costing Nigeria about $10 million daily in accrued revenue, according to Mr Mike Sangster, the Managing Director, TotalEnergies EP Nigeria Ltd..

Crude oil theft has become an organised crime with Nigeria losing $10m daily – TotalEnergies boss Read More

Nigeria: FG reacts to Fidelity Bank takeover of three DISCOs, says we’ll ensure changes don’t disrupt service

WorldStage Newsonline– The Minister of Power, Mr Abubakar Aliyu has reacted to the plan by Fidelity Bank to take over the boards of Kano, Benin and Kaduna Distribution Companies (DISCOs) and to collateralise their shares, saying the ministry will ensure that the changes in corporate governance  do not impact on the service and stability of the  Distribution Companies (DisCos).

Nigeria: FG reacts to Fidelity Bank takeover of three DISCOs, says we’ll ensure changes don’t disrupt service Read More