Six banks in the country have posted N3.41 trillion as Profit After Tax (PAT) for the year 2024 ended as against the N2.1 trillion recorded in the 2023 financial year. This is despite diverse transaction and service complaints, dissatisfaction among customers and the challenging economic situation of the[Read More…]
Injunction and stay of execution Cargo remains under arrest In a surprising twist of events, its decision delivered today, the Federal High Court in a surprising shift from the true nature of FirstBank ’s claim held that the matter is not a maritime claim but rather, a simple case of[Read More…]
The stock market continued on a positive trend, with investors gaining N26 billion and performance indices rising by 0.04 per cent on Tuesday. Specifically, the Nigerian Exchange Ltd. (NGX) market capitalisation increased by 0.04 per cent to N66.214 trillion from an opening of N66.188 trillion recorded on Monday.[Read More…]
Tier-one lender, Fidelity Bank Plc, has once again highlighted the importance of promoting non-oil exports as it recently hosted the 18th edition of its dedicated capacity development training tagged Export Management Programme (EMP 18). The programme, which was held recently in Lagos provided a platform for entrepreneurs interested in[Read More…]
Former Minister of Petroleum Diezani Alison-Madueke has asked the Federal High Court in Abuja to order the EFCC to retrieve her seized assets or property, either natural or corporate. She claims the EFCC sold her property without following due process, violating her right to fair hearing. Diezani, in[Read More…]
The House of Representatives on Thursday in Abuja considered and adopted its Finance Committee report on the four tax reform bills. The bills initiated by the Tinubu administration include the Nigerian Tax Bill, the Tax Administration Bill, the Revenue Tax Board Bill, and the Nigerian Revenue Service[Read More…]
Governor Mai Mala Buni of Yobe State has reaffirmed his administration’s commitment to implement the Contributory Pension Scheme (CPS) in Yobe State. Governor Buni stated this during a meeting with the Director General of the National Pension Commission (PenCom), Ms. Omolola Oloworaran in Abuja. The meeting which[Read More…]
President Bola Tinubu has laid the foundation of the iconic 40-storey eco-friendly headquarters of the FirstBank Group in Eko Atlantic City. Tinubu, who was represented by Vice President Kashim Shettima, on Wednesday, laid the foundation at the groundbreaking ceremony for the eco-friendly headquarters of the company, which[Read More…]
Zenith Bank Plc has raised a total of N350.4 billion through its recently concluded hybrid Rights Issue and Public Offer. In a statement released to the Nigerian Exchange (NGX) Group on Sunday, January 26, 2025, the Bank announced that it has secured the full regulatory approval of[Read More…]
The story of women’s contribution to Nigeria’s economy is as old as the nation itself. It is no secret that women are the largest untapped source of national wealth worldwide. All over the world, women hold their place of pride in commercial enterprise. The Nigerian businesswoman have for[Read More…]
