Here are the reasons Nigeria, which according to data, lost N3bn to five weeks’ lock down of Abuja Lagos and Ogun in March 2020, is planning to, again, put its commercial capital, and two others, under lock and key. The Nigerian government has given reasons for considering targeted lockdown in Lagos, country’s commercial capital, the Federal Capital Territory, Abuja; as well as Plateau State. The Presidential Task Force (PTF) National Incident Manager, Mukhtar Muhammed, who stated this on Friday, maintained that the rising cases of Covid infections recorded in…
Read MoreDay: January 30, 2021
Total Nigeria suffers 30% revenue drop, Profit dips to N2.244b in 2020
Total Nigeria Plc (TNPLC) has recorded 30% shrink in revenue for the financial year 2020. The leading petroleum marketing company, which stated this in its unaudited financial statement for the year ended 31 December, 2020, added that its profit dips 2 per cent to N2.244b in 2020. The unaudited financial statement came with 30% drop in revenue to N204.159 billion from N292.177 billion in 2019. However, profit for the year dropped slightly by 2% to N2.244 billion from N2.279 billion in 2019. Meanwhile, the oil marketing group will not…
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