Lekki Seaport berths largest vessel since commencement of operations, Bello-Koko reacts
The Lekki Deep Seaport, on Friday, surpassed stakeholders' expectations since the start of operations with the berthing of its largest...
Nigeria’s inflation rate hits 22.22%
The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate increased to 22.22 per cent on a year-on-year basis...
CBN unveils ‘SabiMONI’ platform to promote financial literacy, inclusion
The Central Bank of Nigeria (CBN), on Monday, unveiled an e-learning platform, SabiMONI, to promote financial literacy and to deepen...
Telecom operators to disconnect banks over N120bn USSD debt
Telecommunications Operators in Nigeria say they have been granted approval by the Nigerian Communications Commission (NCC) to disconnect banks over...
FrieslandCampina WAMCO reports N324.7bn revenue
Dutch dairy company, FrieslandCampina WAMCO Nigeria, has announced a turnover of N324.7 billion for the financial year ended December 31,...
Oil and gas workers express concerns over Nigeria’s N77trn debt
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) on Thursday in Abuja expressed concerns over Nigeria’s N77...
Market capitalisation on NGX drops N216bn
The market capitalisation of the Nigerian Exchange Ltd. (NGX) shed N216 billion due selloffs in BUA Cement Plc and 19...
Bello-Koko assures approval for $1bn Ondo multipurpose deep seaport project
The Nigerian Ports Authority (NPA) on Thursday in Lagos assured that the $1 billion Ondo State Multipurpose Deep Seaport project...
CBN to boost payment system standard, reduce currency management cost
The Central Bank of Nigeria (CBN) says it is determined to boost Nigeria’s payment system standard by upscaling e-payment infrastructure....
CBN: No plans to phase out redesigned Naira notes
The Central Bank of Nigeria (CBN) says no plans to phase out the redesigned Naira notes from circulation. CBN’s Acting...
Stock market closes negative, sheds N418bn
The equities market, on Monday, opened the week on negative note, sheding N418 billion due to losses in largely capitalised...
Dangote Sugar pays N18.22bn Dividends, to produce 170,000 Tonnes next season
Despite the economic headwinds that characterised 2022, Dangote Sugar Refinery Plc (DSR) will pay N18.22 billion as dividends to shareholders...
Impressive Start: UBA Group posts 47.5% growth in gross earnings, profit hits N61.4bn
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has released its unaudited results for the first quarter ended March...
Bank of Industry Group total assets hit N2.38trn, as Profit Before Tax rises by 15.6%
The Bank of Industry Group has delivered an outstanding financial and developmental performance result in the year ended 31st December...
GTCO posts N214bn as pretax profit in 2022
Guaranty Trust Holding Company Plc (GTCO), on Friday, announced a profit before tax of N214.2 billion in its Audited Consolidated...
‘Appointments of Mele Kyari, Umar Ajiya to NNPC Ltd new beginning’
Appointments of Malam Mele Kyari and Mr Umar Ajiya to the Nigerian National Petroleum Company Limited (NNPC Ltd), have nothing...
Stock market extends rally, sheds N553bn
The domestic equity market, on Wednesday, recorded its third consecutive loss in the week, bringing down the benchmark Index by...
CBN approves appointment of Moruf Oseni as Wema Bank Managing Director
Wema Bank Plc has confirmed the appointment of Mr Moruf Oseni as its substantive Managing Director and Chief Executive Officer...
FG approves amendment of 2022/2023 deep offshore oil block bid round
President Muhammadu Buhari has approved the amendment of the 2022/2023 Deep Offshore oil block mini-bid process to accommodate concerns raised...
Full Year 2022: UBA delivers strong results as profit hits N201bn
*Declares 90 kobo Final Dividend *Total assets rise by 27.2%, close at N10.9trn Africa’s Global Bank, United Bank for Africa...
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