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    CBN’s $1trn Mirage: Why Nigeria’s real sector holds the missing key

    CBN strengthens fiscal data architecture, digitalises sub-national survey across states, FCT, LGAs

    Nigeria: Gunmen abduct 23 pupils, wife of proprietor of orphanage in Kogi

    Nigeria: Kogi Police Command confirms escape of two inmates from Okene Correctional Centre

    Nigeria: Obi dumps LP for ADC in broader opposition realignment to tackle APC

    NSC demands public apology from Peter Obi over claim of prevention from celebrating with Flamingos at Abuja airport

    Nigerians in U.S. urge FG to address religious persecution allegation

    Nigeria: Chairman of US House Foreign Affairs Africa Subcommittee to lead congressional hearing on Christian persecution in Nigeria

    SERAP urges INEC to account for alleged missing N55.9b meant to buy smart card readers, ballot papers, others

    INEC removes 1.6 million invalid voter records, identifies 54 officials for possible prosecution

    Nigeria: Islamic cleric, Gumi urges Nigerians to remain patient, avoid despair over security challenges

    Nigeria: Sheikh Gumi backs Tinubu economic reforms, kicks against return of subsidy

    Tinubu says he’s proud of young Nigerians for being full of ideas, ambition, determination

    Nigeria: PenCom seeks EFCC’s support in tackling pension fraud

    Ogun seeks temporary suspension of lead ingot exports, shuts battery recycling plants in Ogijo

    Gov Abiodun commends DSS DG, IGP for rescuing kidnapped victims

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    MultiChoice owner cuts DStv subscription prices in Nigeria, Kenya, Ghana

    NFC congratulates Funke Akindele as film ‘Behind The Scenes’ grosses over N2b at the box office

    Funke Akindele set to release latest film ‘Where Is Mr. Right?’ Aug. 15

    British singer Luca Zuccotti visits Afrika Shrine, celebrates Fela’s Afrobeats legacy

    British singer Luca Zuccotti visits Afrika Shrine, celebrates Fela’s Afrobeats legacy

    Deejays disown report of Burna Boy’s music ban

    Burna Boy is Africa’s best-selling artiste with 14.46m equivalent album units

    Tems makes history as first African female artiste to clinch Diamond single in U.S.

    MTN gives 20 startups N5m each in Cloud Accelerators programme

    MTN, Ultima offer N225m recording deal, others to Next Afrobeat Star 2.0 winner

    NFC congratulates Funke Akindele as film ‘Behind The Scenes’ grosses over N2b at the box office

    Funke Akindele confirms inspiration by American filmmaker Tyler Perry

    Deejays disown report of Burna Boy’s music ban

    Burna Boy edges Tems as African artiste on billboard Hot 100 entries

    Nigeria–Congo World Cup dispute: Fresh speculation as DR Congo omits two controversial players

    Burna Boy, Shakira set to release FIFA World Cup song “Dai Dai”

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    UNICEF raises alarm over proliferation of sexualised images of youngsters by AI

    UNICEF exposes acute shortage in educational infrastructure, quality instructional facilities across Benue State

    Nigeria: FG strengthens implementation, monitoring of TVET programme with visit to Lagos IDEAS project centers

    Nigeria: FG moves to establish Armed Forces Medical College

    Nigeria: FG warns public against unauthorized NTI admissions, cancels 2026 NCE, degree intake

    Nigeria: FG moves to establish Armed Forces Medical College

    Nigeria: FG urges Senate to halt establishment of new federal universities, polytechnics for 7 years

    Nigeria: Minister applauds Tinubu, First Lady on National Library project, warns contractors against delay

    Nigeria: UBEC finalises policy framework to unlock education investments

    UBEC partners Sultan’s Foundation in war against out-of-school children menace

    Nigeria: FG moves to establish Armed Forces Medical College

    Nigeria: TVET trainees appraises programme, applauds govt for delivering on targets

    Nigeria: FG equips 38 technical colleges, offers free training, stipends to youths

    JAMB says no barring of undergraduates from UTME

    JAMB, education experts advise candidates on early preparation against pitfalls that can harm their admission

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    HEALTH: Between ambition and reality

    Nigeria: Stakeholders in health sector demand urgent intervention in rising breast cancer

    Dexa Group announces plan for multi-million dollar pharmaceutical factory in Nigeria

    Ebola: WHO says 139 suspected dead, numbers expected to rise

    Ebola scare in Adamawa but two suspected cases tested negative

    Sanwo-Olu to deliver Arewa Think Tank Lecture in Kaduna

    Sanwo-Olu flags off enforcement of mandatory health insurance in Lagos

    Sanwo-Olu to deliver Arewa Think Tank Lecture in Kaduna

    Lagos: Sanwo-Olu to engage doctors on outstanding arrears, welfare

    Ebola: WHO says 139 suspected dead, numbers expected to rise

    Nigeria, WHO give reason for evacuation of Ebola index patient to Switzerland

    Ebola: WHO says 139 suspected dead, numbers expected to rise

    Nigeria gets WHO clean bill of health following evaluation of Ebola index patient to Switzerland

    Ebola: WHO says 139 suspected dead, numbers expected to rise

    Nigeria’s index Ebola virus disease patient leaves for Switzerland – Health Minister

    Nigeria: Lagos confirms drop in malaria prevalence, battles shortage of 30,000 doctors

    Lagos Govt on alert to prevent Ebola 

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    Election Campaign: Onanuga urges caution in use of AI

    Top oil and gas experts to speak at Realnews 14th Anniversary Lecture Series

    Top oil and gas experts to speak at Realnews 14th Anniversary Lecture Series

    MultiChoice owner cuts DStv subscription prices in Nigeria, Kenya, Ghana

    Sahara champions deeper Energy Journalism in Ghana to strengthen public understanding

    GOCOP condoles with NextEdition Publisher, Victoria Ibanga, on husband’s death

    Communique issued at the end of the 10th Annual Conference of GOCOP

    GOCOP condoles with NextEdition Publisher, Victoria Ibanga, on husband’s death

    Lagos, Delta, Imo, Ekiti, Shell, Access Bank, NASENI join GOCOP conference partners

    DAAR Communications announces closed period ahead of Q3 2026 financial results

    DAAR Communications announces closed period ahead of Q3 2026 financial results

    GOCOP condoles with NextEdition Publisher, Victoria Ibanga, on husband’s death

    NNPCL, NLNG, Customs, Dangote, others partner with GOCOP for 2026 conference

    Nigeria: FG empowers 70 digital media managers for grassroots outreach

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    Nigeria: EFCC arraigns woman, company in Lagos over alleged N16.7m Visa fraud

    Nigeria: Speaker Abbas inaugurates House committee to strengthen border security

    Speaker Abbas hails Nigeria’s Flamingos on FIFA U-17 Women’s World Cup win

    Nigeria begins indigenous production of attack drones in partnership with local tech firm

    Nigeria boosts intra-African trade with air cargo arrangement with Rwanda

    Namibia President calls Dangote’s $2.5b energy investment a landmark for Africa’s industrial future

    Nigeria: Minister says evidence based resource allocation, others critical to achieving $1trn economy by 2030

    NNPCL adds 600,000bpd to Nigeria’s oil output, targets 2mbpd by 2027 – Ojulari

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    UN launches $33b aid appeal with urgent call for global solidarity

    Nigeria, France, Australia push UN action against terrorist bombs

    IMF boss says AI has potential to boost global growth  

    IMF urges fiscal discipline, trade cooperation amid global uncertainty

    Nigeria: FG moves to establish Armed Forces Medical College

    MultiplyPossibility: Global leaders commit to $3.5b support for education

    Sahara advocates sustainable investment and climate finance for Africa at UNGA

    Sahara advocates sustainable investment and climate finance for Africa at UNGA

    Sokoto–Badagry Highway: 18km of earthworks, 47km of site clearance achieved in 2 months- Contractor

    Twenty years of progress on gender parity now fragile  – WEF Report

    Nigeria: UN calls for protection of civilians, schools following a spate of attacks in Niger State

    World Humanitarian Day: UN calls for scaled-up support to millions of Nigerians in need and safety for the aid workers helping them

    WTO retains 72% of world trade despite uncertainties – Okonjo-Iweala

    WTO retains 72% of world trade despite uncertainties – Okonjo-Iweala

    U.S. border control wants 5-year check on tourists’ social media

    U.S. hits Nigeria, 80 other countries with new tariffs citing ‘forced labour’

    Trump accuses Nigeria of allowing Boko Haram, Islamic State terrorists operate freely

    Trump approves 30-year nuclear pact with Saudi Arabia

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    Nigeria: Speaker Abbas inaugurates House committee to strengthen border security

    Speaker Abbas hails Nigeria’s Flamingos on FIFA U-17 Women’s World Cup win

    Taxing, Borrowing the Future Without Building: What has Nigeria’s fiscal authority done for the real sector?

    Tinubu congratulates Flamingos on historic FIFA U-17 Women’s World Cup victory

    Nigeria: Speaker Abbas inaugurates House committee to strengthen border security

    U-17 Women’s World Cup: Speaker Abbas hails Nigeria’s Flamingos on qualification for final

    Nigeria: Education Minister, NIS Director-General Shaibu meet for collaboration on sports education

    Kano Gov unveils Cycling Kano 2025 jersey ahead of Saturday’s event

    2nd Cycling Kano set for December 12, as organizers unveil “Water is Life” Campaign

    Zenith Bank’s gross earnings jumps by 16% to N3.4trn in Q3 2025

    Road To The Crown: Zenith Bank/NBBF Women’s Basketball League final 8 set for Lagos

    Sanwo-Olu aide flags off 5th Cycling Lagos as Agbo clinches second consecutive title

    Sanwo-Olu aide flags off 5th Cycling Lagos as Agbo clinches second consecutive title

    Aquafina moves to refresh 5th Cycling Lagos as Golden Penny Foods, Adron Homes, others announce support

    5th Cycling Lagos Webinar: Experts call for investment, policy enforcement to unlock Nigeria’s recycling potential

    5th Cycling Lagos Webinar: Experts call for investment, policy enforcement to unlock Nigeria’s recycling potential

  • Business
    McNichols Consolidated records 213.5% jump in pretax profit to ₦359.65m in H1 2026

    McNichols Consolidated appoints Ucheoma Victoria Nnamerenwa as substantive Finance Manager

    VFD Group Plc profit doubles to ₦10.06b in H1 2026

    VFD Group Q3 2026 Earnings: Profit soars 96% to ₦13b following rights issue deployment

    Critical Minerals Financing Corp widening losses in 9 months despite higher fee income

    Critical Minerals Financing Corp Q4 2026 Financial Review: Rebranding, debt-to-equity turnaround, and massive liquidity surge

    Namibia President calls Dangote’s $2.5b energy investment a landmark for Africa’s industrial future

    Guinness Nigeria CEO confident of sustainable growth as company deepens market expansion

    BPP dismisses alleged monetisation of Certificates of No Objection

    Nigeria: BPP unveils digital training portal for MSMEs’ participation in public procurement 

    Japaul Gold test-runs facility, promises big ounces

    Japaul Gold & Ventures sets October 28 for board meeting to review Q3 2026 Financials as share trading closed period takes effect

    NCR Nigeria shareholders approve board appointments, new auditors and director pay at 74th AGM

    NCR Nigeria approves Q3 2026 results, filing deadline and insider trading closed period announced

    Multiverse Mining projects ₦166.8m Q4 revenue target amid heavy debt repayments and projected losses

    Multiverse Mining projects ₦166.8m Q4 revenue target amid heavy debt repayments and projected losses

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  • NIGERIA
    CBN’s $1trn Mirage: Why Nigeria’s real sector holds the missing key

    CBN strengthens fiscal data architecture, digitalises sub-national survey across states, FCT, LGAs

    Nigeria: Gunmen abduct 23 pupils, wife of proprietor of orphanage in Kogi

    Nigeria: Kogi Police Command confirms escape of two inmates from Okene Correctional Centre

    Nigeria: Obi dumps LP for ADC in broader opposition realignment to tackle APC

    NSC demands public apology from Peter Obi over claim of prevention from celebrating with Flamingos at Abuja airport

    Nigerians in U.S. urge FG to address religious persecution allegation

    Nigeria: Chairman of US House Foreign Affairs Africa Subcommittee to lead congressional hearing on Christian persecution in Nigeria

    SERAP urges INEC to account for alleged missing N55.9b meant to buy smart card readers, ballot papers, others

    INEC removes 1.6 million invalid voter records, identifies 54 officials for possible prosecution

    Nigeria: Islamic cleric, Gumi urges Nigerians to remain patient, avoid despair over security challenges

    Nigeria: Sheikh Gumi backs Tinubu economic reforms, kicks against return of subsidy

    Tinubu says he’s proud of young Nigerians for being full of ideas, ambition, determination

    Nigeria: PenCom seeks EFCC’s support in tackling pension fraud

    Ogun seeks temporary suspension of lead ingot exports, shuts battery recycling plants in Ogijo

    Gov Abiodun commends DSS DG, IGP for rescuing kidnapped victims

  • Entertainment

    MultiChoice owner cuts DStv subscription prices in Nigeria, Kenya, Ghana

    NFC congratulates Funke Akindele as film ‘Behind The Scenes’ grosses over N2b at the box office

    Funke Akindele set to release latest film ‘Where Is Mr. Right?’ Aug. 15

    British singer Luca Zuccotti visits Afrika Shrine, celebrates Fela’s Afrobeats legacy

    British singer Luca Zuccotti visits Afrika Shrine, celebrates Fela’s Afrobeats legacy

    Deejays disown report of Burna Boy’s music ban

    Burna Boy is Africa’s best-selling artiste with 14.46m equivalent album units

    Tems makes history as first African female artiste to clinch Diamond single in U.S.

    MTN gives 20 startups N5m each in Cloud Accelerators programme

    MTN, Ultima offer N225m recording deal, others to Next Afrobeat Star 2.0 winner

    NFC congratulates Funke Akindele as film ‘Behind The Scenes’ grosses over N2b at the box office

    Funke Akindele confirms inspiration by American filmmaker Tyler Perry

    Deejays disown report of Burna Boy’s music ban

    Burna Boy edges Tems as African artiste on billboard Hot 100 entries

    Nigeria–Congo World Cup dispute: Fresh speculation as DR Congo omits two controversial players

    Burna Boy, Shakira set to release FIFA World Cup song “Dai Dai”

    • Life
    • Art & Culture
    • LIFE & CULTURE
  • Education
    UNICEF raises alarm over proliferation of sexualised images of youngsters by AI

    UNICEF exposes acute shortage in educational infrastructure, quality instructional facilities across Benue State

    Nigeria: FG strengthens implementation, monitoring of TVET programme with visit to Lagos IDEAS project centers

    Nigeria: FG moves to establish Armed Forces Medical College

    Nigeria: FG warns public against unauthorized NTI admissions, cancels 2026 NCE, degree intake

    Nigeria: FG moves to establish Armed Forces Medical College

    Nigeria: FG urges Senate to halt establishment of new federal universities, polytechnics for 7 years

    Nigeria: Minister applauds Tinubu, First Lady on National Library project, warns contractors against delay

    Nigeria: UBEC finalises policy framework to unlock education investments

    UBEC partners Sultan’s Foundation in war against out-of-school children menace

    Nigeria: FG moves to establish Armed Forces Medical College

    Nigeria: TVET trainees appraises programme, applauds govt for delivering on targets

    Nigeria: FG equips 38 technical colleges, offers free training, stipends to youths

    JAMB says no barring of undergraduates from UTME

    JAMB, education experts advise candidates on early preparation against pitfalls that can harm their admission

  • Health
    HEALTH: Between ambition and reality

    Nigeria: Stakeholders in health sector demand urgent intervention in rising breast cancer

    Dexa Group announces plan for multi-million dollar pharmaceutical factory in Nigeria

    Ebola: WHO says 139 suspected dead, numbers expected to rise

    Ebola scare in Adamawa but two suspected cases tested negative

    Sanwo-Olu to deliver Arewa Think Tank Lecture in Kaduna

    Sanwo-Olu flags off enforcement of mandatory health insurance in Lagos

    Sanwo-Olu to deliver Arewa Think Tank Lecture in Kaduna

    Lagos: Sanwo-Olu to engage doctors on outstanding arrears, welfare

    Ebola: WHO says 139 suspected dead, numbers expected to rise

    Nigeria, WHO give reason for evacuation of Ebola index patient to Switzerland

    Ebola: WHO says 139 suspected dead, numbers expected to rise

    Nigeria gets WHO clean bill of health following evaluation of Ebola index patient to Switzerland

    Ebola: WHO says 139 suspected dead, numbers expected to rise

    Nigeria’s index Ebola virus disease patient leaves for Switzerland – Health Minister

    Nigeria: Lagos confirms drop in malaria prevalence, battles shortage of 30,000 doctors

    Lagos Govt on alert to prevent Ebola 

    • Health and Fitness
  • Media

    Election Campaign: Onanuga urges caution in use of AI

    Top oil and gas experts to speak at Realnews 14th Anniversary Lecture Series

    Top oil and gas experts to speak at Realnews 14th Anniversary Lecture Series

    MultiChoice owner cuts DStv subscription prices in Nigeria, Kenya, Ghana

    Sahara champions deeper Energy Journalism in Ghana to strengthen public understanding

    GOCOP condoles with NextEdition Publisher, Victoria Ibanga, on husband’s death

    Communique issued at the end of the 10th Annual Conference of GOCOP

    GOCOP condoles with NextEdition Publisher, Victoria Ibanga, on husband’s death

    Lagos, Delta, Imo, Ekiti, Shell, Access Bank, NASENI join GOCOP conference partners

    DAAR Communications announces closed period ahead of Q3 2026 financial results

    DAAR Communications announces closed period ahead of Q3 2026 financial results

    GOCOP condoles with NextEdition Publisher, Victoria Ibanga, on husband’s death

    NNPCL, NLNG, Customs, Dangote, others partner with GOCOP for 2026 conference

    Nigeria: FG empowers 70 digital media managers for grassroots outreach

    • CSR
    • Jobs
    • Labour
    • Law
  • News

    Nigeria: EFCC arraigns woman, company in Lagos over alleged N16.7m Visa fraud

    Nigeria: Speaker Abbas inaugurates House committee to strengthen border security

    Speaker Abbas hails Nigeria’s Flamingos on FIFA U-17 Women’s World Cup win

    Nigeria begins indigenous production of attack drones in partnership with local tech firm

    Nigeria boosts intra-African trade with air cargo arrangement with Rwanda

    Namibia President calls Dangote’s $2.5b energy investment a landmark for Africa’s industrial future

    Nigeria: Minister says evidence based resource allocation, others critical to achieving $1trn economy by 2030

    NNPCL adds 600,000bpd to Nigeria’s oil output, targets 2mbpd by 2027 – Ojulari

    • Politics
    • Opinion
  • World
    UN launches $33b aid appeal with urgent call for global solidarity

    Nigeria, France, Australia push UN action against terrorist bombs

    IMF boss says AI has potential to boost global growth  

    IMF urges fiscal discipline, trade cooperation amid global uncertainty

    Nigeria: FG moves to establish Armed Forces Medical College

    MultiplyPossibility: Global leaders commit to $3.5b support for education

    Sahara advocates sustainable investment and climate finance for Africa at UNGA

    Sahara advocates sustainable investment and climate finance for Africa at UNGA

    Sokoto–Badagry Highway: 18km of earthworks, 47km of site clearance achieved in 2 months- Contractor

    Twenty years of progress on gender parity now fragile  – WEF Report

    Nigeria: UN calls for protection of civilians, schools following a spate of attacks in Niger State

    World Humanitarian Day: UN calls for scaled-up support to millions of Nigerians in need and safety for the aid workers helping them

    WTO retains 72% of world trade despite uncertainties – Okonjo-Iweala

    WTO retains 72% of world trade despite uncertainties – Okonjo-Iweala

    U.S. border control wants 5-year check on tourists’ social media

    U.S. hits Nigeria, 80 other countries with new tariffs citing ‘forced labour’

    Trump accuses Nigeria of allowing Boko Haram, Islamic State terrorists operate freely

    Trump approves 30-year nuclear pact with Saudi Arabia

    • Africa
    • America
    • Asia
    • Europe
  • Sports
    Nigeria: Speaker Abbas inaugurates House committee to strengthen border security

    Speaker Abbas hails Nigeria’s Flamingos on FIFA U-17 Women’s World Cup win

    Taxing, Borrowing the Future Without Building: What has Nigeria’s fiscal authority done for the real sector?

    Tinubu congratulates Flamingos on historic FIFA U-17 Women’s World Cup victory

    Nigeria: Speaker Abbas inaugurates House committee to strengthen border security

    U-17 Women’s World Cup: Speaker Abbas hails Nigeria’s Flamingos on qualification for final

    Nigeria: Education Minister, NIS Director-General Shaibu meet for collaboration on sports education

    Kano Gov unveils Cycling Kano 2025 jersey ahead of Saturday’s event

    2nd Cycling Kano set for December 12, as organizers unveil “Water is Life” Campaign

    Zenith Bank’s gross earnings jumps by 16% to N3.4trn in Q3 2025

    Road To The Crown: Zenith Bank/NBBF Women’s Basketball League final 8 set for Lagos

    Sanwo-Olu aide flags off 5th Cycling Lagos as Agbo clinches second consecutive title

    Sanwo-Olu aide flags off 5th Cycling Lagos as Agbo clinches second consecutive title

    Aquafina moves to refresh 5th Cycling Lagos as Golden Penny Foods, Adron Homes, others announce support

    5th Cycling Lagos Webinar: Experts call for investment, policy enforcement to unlock Nigeria’s recycling potential

    5th Cycling Lagos Webinar: Experts call for investment, policy enforcement to unlock Nigeria’s recycling potential

  • Business
    McNichols Consolidated records 213.5% jump in pretax profit to ₦359.65m in H1 2026

    McNichols Consolidated appoints Ucheoma Victoria Nnamerenwa as substantive Finance Manager

    VFD Group Plc profit doubles to ₦10.06b in H1 2026

    VFD Group Q3 2026 Earnings: Profit soars 96% to ₦13b following rights issue deployment

    Critical Minerals Financing Corp widening losses in 9 months despite higher fee income

    Critical Minerals Financing Corp Q4 2026 Financial Review: Rebranding, debt-to-equity turnaround, and massive liquidity surge

    Namibia President calls Dangote’s $2.5b energy investment a landmark for Africa’s industrial future

    Guinness Nigeria CEO confident of sustainable growth as company deepens market expansion

    BPP dismisses alleged monetisation of Certificates of No Objection

    Nigeria: BPP unveils digital training portal for MSMEs’ participation in public procurement 

    Japaul Gold test-runs facility, promises big ounces

    Japaul Gold & Ventures sets October 28 for board meeting to review Q3 2026 Financials as share trading closed period takes effect

    NCR Nigeria shareholders approve board appointments, new auditors and director pay at 74th AGM

    NCR Nigeria approves Q3 2026 results, filing deadline and insider trading closed period announced

    Multiverse Mining projects ₦166.8m Q4 revenue target amid heavy debt repayments and projected losses

    Multiverse Mining projects ₦166.8m Q4 revenue target amid heavy debt repayments and projected losses

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Scoa Nigeria’s loss increases to N316.6m in Q1 2022

by Worldstage News
April 30, 2022
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WorldStage Newsonline– Scoa Nigeria Plc has released its first quarter 2022 financial statements for the period ended 31 March, 2022 with an increase in loss after tax to N316.603 million from N86.822 million loss in Q1 2021

Revenue for the quarter however rose to N1.363 billion from N491.472 million in Q1 2021.

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