Business

In an unprecedented move, Dangote Petroleum Refinery has announced a further reduction of the price of diesel from 1200 to 1,000 naira per litre. While rolling out the products, the refinery supplied at a substantially reduced price of N1,200 per litre three weeks ago, representing over 30 per cent reduction from the previous …

 Wema Bank CEO, Moruf Oseni   Depositors and stakeholders of the Moruf Oseni-led Wema Bank Plc are worried about the safety of their funds and the health of the lender over the high level of fraud cases the bank recorded in the year 2023. In its full-year 2023 financial statement released …

Ecobank Nigeria Limited, a subsidiary of the Ecobank Group, has entered a strategic partnership with Nigeria Chess Federation (NCF) to host the 2024 National Schools’ Team Chess Competition. The competition is scheduled to hold between 24th – 28th May 2024 at the Ecobank Pan African Centre (EPAC) in Victoria Lagos. …

Nigerian Bar Association The Nigerian Bar Association has stated that an electronic voting system will be used for its 2024 election. The NBA explained that this decision will allow members of the association to participate in the election seamlessly from their different locations. The association’s Electoral Committee, led by Oluseun …

-Declares a final dividend of 60kobo per share Lagos, Nigeria, April 16, 2024: Leading financial institution, Fidelity Bank Plc, has released its 2023 full year Audited Financial Statements, reporting a 131.5% growth in Profit Before Tax to N 124,26 billion. According to the results, which was issued to the Nigerian …

Axxela Funding 1 PLC (“the Issuer”), a funding vehicle incorporated by Axxela Limited (“Axxela” or the “Company”), sub-Saharan Africa’s leading gas and power portfolio company, has achieved a significant milestone with the successful completion of its ₦16.4 billion Series 1 Fixed Rate Bonds due 2034 (the “Bond Issuance” or the …

Federal High Court sitting in Lagos State has adjourned the hearing of an alleged 7 billion naira debt suit filed by Union Bank against Swift Networks. It was reported that Justice Daniel Osiagor fixed May 10, 2024, for hearing of all pending applications, including possible out-of-court settlement in the suit filed by Union Bank …

In a country with short-lived corporate excellence and a handful of centenary companies, hitting 130 years is undoubtedly a significant milestone for Nigeria’s premier financial institution, FirstBank. Experience, they say, comes with age. Nothing else aptly defines the consistent growth of First Bank of Nigeria Limited (FirstBank) and its consistent reinvention …

Zenith Bank Plc has announced its audited results for the year ended December 31, 2023, achieving a remarkable triple-digit growth of 125% in gross earnings from NGN945.6 billion reported in 2022 to NGN2.132 trillion in 2023. According to the audited financial results for the 2023 financial year presented to the …

It was reported that a recent investigative report obtained by online newspapers has shed light on WEMA Bank’s legal entanglements in 2023, with the financial institution facing penalties totaling N61.350 million for contravening seven Nigerian laws within a single year.   The revelations surfaced from WEMA Bank’s comprehensive financial statement for …