Union Bank reports 20% growth in PBT H1, 2024, despite CBN’s intervention Despite the challenging environment following the Central Bank of Nigeria’s intervention in January 2024, which led to heightened customer concerns, Union Bank of Nigeria has reported a profit before tax of N79.8 billion on gross earnings of N333[Read More…]
Nigeria Labour Congress (NLC) President, Joe Ajaero has been invited by the police in connection with a case of terrorism financing. In an invitation issued on Monday, August 19, 2024, and signed by Assistant Commissioner of Police, Adamu Mua’zu on behalf of the Deputy Commissioner of Police, Intelligence[Read More…]
NNPC Reports N3.3trn profit for 2023 The Nigerian National Petroleum Company (NNPC) Limited has declared a profit of N3.3 trillion for the fiscal year 2023. Pius Akinyelure, chairman of the NNPC board, stated this during a media briefing on the company’s 2023 audited financial statements (AFS) on Monday. Akinyelure said[Read More…]
FG commences Crude oil sales in naira to Dangote, others October 1 The Federal Government has announced that sales of crude oil to Dangote Refinery and other local refineries will commence October 1, 2024, The Punch reports. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun,[Read More…]
Access Bank Holdings celebrate posthumous birthday of late CEO, Herbert Wigwe The Access Holdings PLC yesterday August 15th, 2024 honored the memory of the late Group CEO, Dr. Herbert Wigwe on his posthumous birthday. They noted that the visionary leader is ‘forever in our hearts’, the Group prayed that[Read More…]
Senior civil servants call for consequential adjustment of minimum wage increment on their pay The Association of Senior Civil Servants of Nigeria (ASCSN) has called for a committee to work out the consequential adjustment arising from the new National Minimum Wage Act, 2024. The association in a communique at the[Read More…]
Ecobank Group Announces Top Finalists for 2024 Ecobank Fintech Challenge • Finalists to Compete for Coveted $50,000 Cash Prize Ecobank, the pan-African Bank, has announced the top finalists for the first-ever and inaugural 2024 Ecobank Fintech Challenge Hybrid Semi-Final event held at the Ecobank Pan African Centre[Read More…]
No compromise on our website, GTB assures customers A top-tier Nigerian Bank, GTB, has reacted to news reports that its Web Domain has been hacked, leading to the cloning of customers’ data. The bank noted that it does not store customers’ information on the website; thereby, it cannot be[Read More…]
CBN re-introduces publication of key economic reports for transparency The Central Bank of Nigeria (CBN) has reintroduced the publication of several key economic reports to foster transparency in the economy. CBN’s Acting Director, Corporate Communications Department, Mrs Hakama Sidi-Ali said on Tuesday in Abuja the publication was a[Read More…]
Dangote says petrol price not fixed The Dangote Group has reacted to reports that independent marketers were projecting N600 per litre as price for the petrol produced by the Dangote Refinery. The Dangote Group said in a statement signed by Anthony Chiejina, its group chief branding and communications officer[Read More…]
