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Business

Naira

FG, States, LGs share N1.143 trillion revenue for May

Kazeem Ugbodaga

2 years ago

Total revenue of N2,324.792 billion was available in the month of May 2024. Total deduction for cost of collection was…
CBN

No plan to revoke operating licenses of Fidelity, Polaris, Wema, Unity Banks – CBN

Kazeem Ugbodaga

2 years ago

Sidi-Ali also clarified that a circular issued by the Bank on January 10, 2024, notifying the public about the dissolution…
Unity Bank projects N5.2bn profit in third quarter

Unity Bank projects N5.2bn profit in third quarter

Kazeem Ugbodaga

2 years ago

Unity Bank’s operating income is expected to rise to N13.38 billion, while cash flow from financing activities is projected to…

Reckitt Nigeria concludes WASH accelerator programme

Taiwo Okanlawon

2 years ago

Reckitt Nigeria, a global leader in health, hygiene, and nutrition, recently held the closing ceremony of the Fight for Access…
CNG buses

Taiwo Shittu hails Tinubu’s initiative, plans CNG buses unveiling

Isa Isawade

2 years ago

"We have taken proactive steps in the past years to offer quality training to our technicians at various stages, levels…
Two women identified as Adeoti Folake and Adewuyi Modupe have been arrested in Lagos by operatives of EFCC while hawking naira notes.

Naira depreciates by 0.16% against dollar at official market

Paul Dada

2 years ago

This represents a 0.16 per cent loss when compared to the previous trading date on Thursday, trading at N1,481.49 to…
Afreximbank

Nigeria gets $945m oil-backed lifeline from Afreximbank

Ayorinde Oluokun

2 years ago

Afreximbank, in a statement Thursday said the disbursement brings the total current funded facility size to $3.175bn. Arranged and coordinated…
VP Kashim Shettima revealed in Ekiti that resident Bola Tinubu has approved a grant of N150,000 grant to each participant of MSMEs Clinic.

Tinubu approves N150,000 grant for each MSMEs clinics participants

Ayorinde Oluokun

2 years ago

Earlier on his arrival in the state, Shettima, who was received by Gov. Biodun Oyebanji and other top government officials,…
Ecobank hits US$581 million profit before tax in 2023

Ecobank hits US$581 million profit before tax in 2023

Kazeem Ugbodaga

2 years ago

Alain Nkontchou, Chairman, Ecobank Group, said: “2023 was an encouraging year for our Group. Our organisation has shown resilience in…
Pepsi unveils new visual identity with takeovers of iconic landmarks in Lagos, Abuja

Pepsi unveils new visual identity with takeovers of iconic landmarks in Lagos, Abuja

Kazeem Ugbodaga

2 years ago

Utilizing stunning digital animation, the brand brought its new identity to life, showcasing its iconic bottle emerge from the top…
Fidelity Bank set to raise N127.1bn

Fidelity Bank set to raise N127.1bn

Kazeem Ugbodaga

2 years ago

The bank said that the signing ceremony of the combined offer was held in Lagos, revealing that its shareholders had…
Tomike Layi-Babatunde

How Tomike Layi-Babatunde is breaking new grounds as an entrepreneur

Isa Isawade

2 years ago

"Nne is a general term for endearment. If you meet an average Igbo or any person from the Southeastern part…
NDIC has made significant strides in enhancing depositor protection, notably through increased maximum deposit insurance coverage.

Heritage Bank customers to be repaid within a week – NDIC assures

Oluwapelumi Oluwayemi

2 years ago

He assured that customers won't have to wait the standard 30 days as mandated by law but will be settled…
Investors lose N1.14trn as NGX reacts to MPC decision

Trading continues on NGX amidst strike, investors lose N103bn

Kazeem Ugbodaga

2 years ago

Consequently, the market capitalisation which opened at N56.172 trillion, lost N103 billion or 0.18 per cent to close at N56.069…
Peter Obi reacts to the killing of crew members of pay tv television service provider Supersport in Ihiala area of Anambra State.

Heritage Bank: Peter Obi urges FG to ensure immediate payment of depositors

Kazeem Ugbodaga

2 years ago

According to Obi, any attempt to deny or delay payment to these depositors would worsen their economic woes and could…
NDIC says it has paid 82.36% depositors with above N5m as insured sum in the defunct Heritage Bank, while working to reach 17.64 % others

Why we revoked licence of Heritage Bank- CBN

Ayorinde Oluokun

2 years ago

The Board and Management of Heritage bank have not been able to improve the bank’s financial performance, a situation which…
NITDA says Nigeria will host the Gulf Information Technology Exhibition (GITEX) in 2025 explore the country’s potential in Tech sectors

GITEX: Nigeria to host largest tech expo in 2025

Ayorinde Oluokun

2 years ago

By bringing GITEX to Nigeria, we aim to explore the country’s potential in sectors like Artificial Intelligence, digital health and…
ADN Bubble: Building Brands and Inspiring Generations

ADN Bubble: Building Brands and Inspiring Generations

Taiwo Okanlawon

2 years ago

ADN Bubble's journey through various ventures, each teaching valuable lessons, has culminated in his recognition as a leader in the…
Ogun's quest to be an oil producing State would soon materialize as the NNPCL sets to begin oil and gas exploration in the Gateway State.

FG to commence oil exploration in Ogun

Ayorinde Oluokun

2 years ago

Stakeholders in the oil industry, including the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, Managing Director, SHELL Petroleum…
Investors lose N1.14trn as NGX reacts to MPC decision

Bank, insurance stocks lift market capitalisation up by N14bn

Kazeem Ugbodaga

2 years ago

Gains in Fidelity Bank, FCMB, Guaranty Trust Holding Company(GTCO), Cornerstone Insurance, Consolidated Hallmark Holdings, Sovereign Trust Insurance, Nestle, Honeywell Flour,…
FG approves key projects, including the concession of Port Harcourt International Airport at the aviation sector

Why we suspended helicopter landing levy – FG

Kazeem Ugbodaga

2 years ago

Oluseyi said that the collection of the levy was temporarily halted to allow the ministry to address pressing concerns raised…
Five Retirement planning hacks every young Nigerian should know

Five Retirement planning hacks every young Nigerian should know

Ademola Adegbamigbe

2 years ago

Want to ditch the "broke retiree" stereotype and retire comfortably on your own terms? That can be your future – laughing…

Zenith Bank transforms Ajose Adeogun roundabout with digital display

Taiwo Okanlawon

2 years ago

Zenith Bank’s track record of excellent performance, especially in innovation and technology, has earned the brand numerous awards. These include…
Chain Reactions Africa wins seven awards at 2024 SABRE

Chain Reactions Africa wins seven awards at 2024 SABRE

Kazeem Ugbodaga

2 years ago

Chain Reactions submitted work, covered campaigns for the Lagos Metropolitan Area Transport Authority (LAMATA), and its ‘Lagos Blue Rail’, 9mobile’s…
Dangote keys into FG Agenda, to run all Cement trucks on CNG by 2025

Dangote keys into FG Agenda, to run all Cement trucks on CNG by 2025

Ademola Adegbamigbe

2 years ago

Amidst applause by shareholders for the impressive results in the 2023 financial year despite the harsh business operating environment, the…
“Judicial officials in the country will get a 300% increase in their salaries and allowances as President Bola Tinubu signs bill into law

What Executive Orders I signed on oil and gas would do to petroleum sector – Tinubu

Kazeem Ugbodaga

2 years ago

President Tinubu also assured the ExxonMobil delegation that the federal government is committed to resolving the divestment issues between the…
Lagos pays N2.67 billion as insurance death benefits

Lagos pays N2.67 billion as insurance death benefits

Kazeem Ugbodaga

2 years ago

The Commissioner disclosed that the Land Use Charge Assessment Appeal Tribunal (LACUUT) treated 2,082 complaints which were resolved using administrative,…
Nigerian Company MMNL to invest $50 Million to scale up its Tubular Batteries Production

Nigerian Company MMNL to invest $50 Million to scale up its Tubular Batteries Production to 100,000 with backward integration in Next 5 years

Kazeem Ugbodaga

2 years ago

The company is planning to invest around $50 million in capacity expansion, new greenfield projects in the energy backup segment,…
Stock Market

Nigerian stock market capitalisation gains N141bn

Kazeem Ugbodaga

2 years ago

By Rukayat Adeyemi Trading at the Nigerian stock market started the week on a positive note, as all performance indices…
FCMB Group: Shareholders approve issued capital increase, ₦150bn capital raise

FCMB Group: Shareholders approve issued capital increase, ₦150bn capital raise

Ademola Adegbamigbe

2 years ago

FCMB Group Plc's shareholders, at the company's 11th Annual General Meeting (AGM), approved an increase in issued share capital from…
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