Climate Change: Dangote steps up efforts to mitigate Green House Gas emission The pan-African Conglomerate, Dangote Group has deployed cutting-edge technology and other measures to mitigate emission of Green House Gas (GHG), and its impacts, in all its subsidiaries. The Group, as part of its contribution to the campaign for[Read More…]
FG moves NIMC to Ministry of Interior as issued NINs hit 102.4m There are indications that the Federal Government has moved the National Identity Management Commission (NIMC) from the Ministry of Communications, Innovation and Digital Economy to the Ministry of Interior, Guardian report. Sources within the NIMC, who confirmed[Read More…]
Fidelity bank Plc completes 100% acquisition of Union bank UK Fidelity Bank Plc has announced the completion of the acquisition of a 100 per cent stake in Union Bank Plc UK. In a statement to the investing community through the Nigerian Exchange Limited (NGX) on Wednesday, the bank noted[Read More…]
Bank of Industry grows assets by 67%, profit by 177% The Bank of Industry, BOI, has achieved a N3.3 trillion total assets as at June 30 2023. This represents a Year-on-Year, YoY, growth of 67% on N1.97 trillion asset level as at June 2022. Profit Before Tax, PBT, after[Read More…]
ABCON seeks BDCs digital autonomy for exchange rate convergence The Association of Bureaux De Change Operators of Nigeria (ABCON) has requested the Central Bank of Nigeria (CBN) to grant Bureaux De Change (BDCs) digital autonomy to achieve exchange rate convergence. In a report released on Monday, ABCON President, Dr.[Read More…]
UBA records 371% increased profitability to N404bn in H1’23 UNITED Bank for Africa, UBA, Plc has recorded 371 per cent increase in profit before tax, PBT to N404 billion, in the first half of 2023 from N85.75 billion recorded in the first half of 2022. The jump in profitability[Read More…]
World Bank raises concerns over Nigeria’s macroeconomic management The World Bank has raised concerns over Nigeria’s macroeconomic management, calling for an urgent need for structural reforms to among other things improve revenue mobilization and financial management. The Bank said this would be imperative for the much “needed enabling[Read More…]
Nigerian Importers To Start Clearing Goods From Cotonou Ports – Customs The Acting Comptroller-General of the Nigeria Customs Service (NCS), Mr. Adewale Adeniyi, explained that the details of the framework are being worked out. Nigerian importers who have plans of importing their goods through Cotonou Ports in Benin Republic[Read More…]
Polaris Bank rewards 50 Lucky Winners in its ongoing ‘Save & Win’ promo Polaris Bank held the first draw in her ongoing Polaris ‘Save & Win’ promo where 50 persons emerged winners. The development is in line with the Bank’s commitment to rewarding its loyal customers across the[Read More…]
NIPOST Lost N2.4bn Revenue In Four years The National Bureau of Statistics (NBS) has shown that the Nigerian Postal Service (NIPOST)) lost N2.36 billion between 2019 and 2022 (four years). According to the bureau, the postal agency generated N3.01 billion as revenue in 2022, representing a 43.9 percent decrease[Read More…]
