Naija Blog (Classic Men Entertainment)

custom toolbar custom toolbar A young man from Akwa Ibom state, Ekomobong Finbarr, constructed and defended this solar powered tricycle (Keke) as his first degree project in Electrical Engineering, Federal University of Technology, (FUTO), Owerri. According to reports, the tricycle has no engine, just battery and the solar system and can go 11km without blinking. custom toolbar His Head of Department, Mr. Damian Dike with his colleague Dr. Mrs. Achumba enjoyed the first cruise of the Keke. 4 Likes  2 Shares

Banks have defied the recession as they continued to post huge profits in their third quarter results. Ten out of 15 quoted banks on the Nigerian Stock Exchange have submitted their unaudited results as of September 2016 where five out of them recorded increases in both their profit before tax and after tax. Within the last quarter under review, the National Bureau of Statistics (NBS) had declared that the Nigerian economy had entered into recession. However some banks have gained huge profits following a major boost from the foreign exchange (FX) revaluation gains. Five out of the 10 banks that declared results so far reported significant gains while the remaining five recorded decline in profits. Collectively, the 10 banks recorded N488.96 billion pre-tax profit as of September 30, from N433.7 billion within the same period in 2015. This shows a N55.26 billion increase. The after tax profit recorded within the period was N484.13bn compared to N357.59bn same period in 2015,