Fidelity Bank grows Profit by 131.5% in FY 2023 –Declares a final dividend of 60kobo per share 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,[Read More…]
Access Holdings’ expansion drive boosts growth, development to Africa Access Holdings Plc has continued to drive economic growth and development in Africa as its expansion drive and fostering local partnerships, continue to bring positive change and progress across the continent. The Access Corporation has extended its operations[Read More…]
Terra Cube reaches over two million Lagos household Terra Cube said it has embarked on a mission to unwrap joy and unleash taste sensations in over two million Lagos homes. In a statement on Thursday, the brand said that through an innovative contact programme launched in 2024, the brand[Read More…]
Hike in electricity Tariff: It will affect general public –NUEE National Union of Electricity Employees (NUEE) has said the recent hike in electricity Tariff it will affect the general public. In a statement signed by the general secretary, Dominic Igwebike titled: Hike in Electricity Tariff -Danger looms said[Read More…]
Zenith Bank takes steps on new capital requirement Zenith Bank Plc has revealed that it is taking urgent steps to meet the new N500bn capitalisation requirement of the Central Bank of Nigeria. The lender disclosed this in a statement accompanying its newly released annual report for 2023. In[Read More…]
Goldman Sees Nigerian Naira Extending World-Beating Rally Nigeria’s naira could extend gains that have already made it the best-performing currency in the world this month, said a Goldman Sachs Group Inc. economist — provided policymakers stay on track. The naira has rallied 12% against the dollar in April,[Read More…]
World Bank says Nigeria’s poor growth will weaken West Africa’s economy The World Bank has said that the lower-than-average growth in Nigeria will hold back the sub-region’s economic performance. The Washington-based lender in a report on the economic outlook of Western and Central Africa stated[Read More…]
Minister of Power, Adelabu speaks on Electricity Tariff Adebayo Adelabu, minister of power, has said the electricity tariff will reduce if the foreign exchange (FX) rate drops below N1,000. On April 3, the Nigerian Electricity Regulatory Commission (NERC) approved an increase in electricity tariff for customers under[Read More…]
CBN’s Foreign Currency Collateral directive: NACCIMA insists Customs charge duties in Naira The Nigeria Association of Chambers of Commerce, Industry, Mines and Agriculture has demanded that the duties collected by the Nigeria Customs Service be charged in Naira rather than in foreign currency. NACCIMA President, Dele Oye, stated this[Read More…]
Nigeria Govt says it will save N1.5tn, 2.5m meter installations from Tarif hike The Federal Government has raised the amount that it would save this year following the recent hike in electricity tariff for Band A customers to N1.5tn. It also stated that about 2.5 million meters would be[Read More…]
