Category: Business
Niger Republic now exports fuel to Nigeria
While Nigeria has neglected her refineries over the years, Niger Republic, which begun commercial oil production in 2011, has begun exporting petroleu [...]
Three bank MDs resign from NESG over CBN policies
Prominent board members of the Nigerian Economic Summit Group (NESG), under the leadership of Laoye Jaiyeola and Asue Ighodalo, have resigned from the [...]
Fidelity Bank announces 33% growth in net profit
Fidelity Bank Plc has announced a 33 percent increase in net profit for the half-year period that ended on June 30, 2020.
In its audited half-year [...]
Further petrol price hike likely, marketers warn Nigerians
Fuel marketers across the country, say a further increase in global crude oil prices would push the pump price of petrol higher.
Petrol prices have i [...]
Buhari blames middlemen, traders for high food prices
President Muhammadu Buhari has blamed the sudden spiral in food prices in the country on the activities of middlemen and traders, who serve as links b [...]
GTBank releases 2020 half year audited results, reports profit before tax of ₦109.7bn
Guaranty Trust Bank plc has released its audited financial results for the half year ended June 30, 2020 to the Nigerian and London Stock Exchanges. T [...]
Aviation minister, Sirika restructures NCAA, sacks directors
A major restructuring of the Nigeria Civil Aviation Authority, NCAA, was done Wednesday by the Minister of Aviation, Senator Hadi Sirika. Some directo [...]
UBA delivers N300.6bn gross earnings, declares N0.17k interim dividend
Africa’s leading financial institution, United Bank for Africa (UBA) Plc, has announced its audited financial results for the half year ended June 30, [...]
Access Bank appoints Awe new head of AFF
The Board of Access Bank PLC has announced the appointment of Mr Daniel Awe as the new Head of the Africa Fintech Foundry (AFF). According to the fina [...]
Abdul Samad Rabiu signs France’s Axens for new refinery project
Abdul Samad Rabiu, billionaire businessman and chairman of BUA Group, one of Nigeria’s leading industrial conglomerates, the BUA Group, has entered in [...]