The Aliko Dangote Foundation (ADF) has underscored the pivotal role of religious and traditional institutions in tackling the pressing issues of malnutrition and hunger within Nigeria. Speaking at an event organized by the National Council on Nutrition and the World Bank-Assisted Accelerating Nutrition Results in Nigeria Project, Mrs. Zouera Youssoufou, …
Read More »ZENITH BANK, AfCFTA JOIN FORCES TO REVOLUTIONIZE AFRICAN TRADE
Zenpay Limited, a wholly owned subsidiary of Zenith Bank Plc, has signed an Agreement with the African Continental Free Trade Area (AfCFTA) Secretariat for the development and deployment of the SMARTAfCFTA Portal to facilitate trade within the African continent. The agreement which was signed by the Chairman of Zenpay …
Read More »Fidelity Bank records a 120.1% growth in PBT to N39.5bn in Q1 2024
In line with its upward growth trajectory, leading financial institution, Fidelity Bank Plc, has posted an impressive 120.1% growth in Profit Before Tax from N17.9bn at the end of Q1 2023 to N39.5bn for Q1 2024. This was made known in the Bank’s unaudited financial statements released on the issuer …
Read More »Stanbic IBTC Bank Nigeria PMI: New orders rise as inflationary pressures ease
Inflationary pressures softened in the Nigerian private sector during April, following record increases in purchase costs and selling prices in March. Rates of inflation remained elevated, however, and limited growth of output and new orders as well as leading some firms to reduce employment. The headline figure derived from the …
Read More »Transcorp Group delivers impressive Q1 2024 performance; sustains revenue growth of 173% and PBT of N45 billion
Transnational Corporation Plc (“Transcorp” or the “Group”), Nigeria’s leading, listed conglomerate with investment in the Power, Hospitality, and Energy sectors, has announced impressive Q1 financial results for the period ended March 31, 2024. In its Q1 2024 unaudited results, Transcorp reported significant year-on-year growth, with revenue rising to N88.6 billion from N32.4 billion …
Read More »Glo lauds Nigerian workers on May Day
Globacom, provider of digital telecommunications services, has congratulated Nigerian workers on this year’s International Workers’ Day, urging them to recommit themselves to excellence in order to advance the growth of Nigeria. In a statement of solidarity made public on Tuesday, Globacom praised workers’ fortitude in the face of current difficulties, …
Read More »Stanbic IBTC Asset Management launches Investbeta game show
Stanbic IBTC Asset Management has launched the Investbeta game show, a distinctive and innovative initiative to improve financial literacy among young adults. The Investbeta game show will offer engaging quiz-style challenges covering various critical financial segments. From savings and budgeting to investments and retirement planning, the platform aims to teach …
Read More »Scarcity: Queues to dissappear soon as fuel stations get supply of petroleum products*
Queues have begun to vanish from filling stations across Nigeria’s major cities after the Nigerian National Petroleum Company Ltd intervened in the logistic issues that had breached the supply of premium motor spirit (PMS). Findings by this newspaper across filling stations in Abuja showed that queues are disappearing and normalcy …
Read More »Backward Integration: Dangote Targets 700,000MT of Refined Sugar in Four years
…As Q1 revenue rise by 20.1% to N122.7bn Dangote Sugar Refinery Plc (DSR) has unveiled plans to produce 700,000 metric tonnes of refined sugar from locally grown sugarcane in the next four years, through its Backward Integration Programme (BIP). Chairman of Dangote Sugar Refinery Plc, Aliko Dangote stated this …
Read More »After N392.6bn Net Loss Induced By High-Interest Rate, Naira Crisis, MTN Push For Tariff Hike
MTN Logo Nigeria’s biggest telecoms provider, MTN Nigeria Plc is battling with the country’s harsh operating environment which has dragged it to a N392.6bn loss after tax between January and March. The situation has made the company to lobby for regulatory permission to hike its tariff for voice and data …
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