Nigeria has been thrown into darkness again following the collapse of the national grid for the fourth time in one month. The development comes after the grid collapsed three times in one week towards the end of last month and ten times this year. Hourly generation readings from[Read More…]
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has hit back at Dangote Refinery, accusing the company of exploiting Nigerians by selling petrol at N990 per litre to marketers and described the practice as inconsiderate. Joseph Obele, PETROAN’s National Public Relations Officer, in a statement in[Read More…]
Access Holdings Plc, the umbrella company of Access Bank, has announced a 114.5 per cent revenue growth in its unaudited results for the third quarter ended September 30, 2024. According to the results, gross revenue for the nine-month period rose by 114.5% year-on-year, growing from ₦1.6 trillion in 2023[Read More…]
The National Economic Council (NEC) on Thursday told President Bola Tinubu to immediately withdraw his Tax Reforms Bill from the National Assembly to allow for wider consultations and consensus building. NEC’s call to the president came three days after Northern governors kicked against the Tax Reforms Bill, contending[Read More…]
FirstBank has teamed up with the Partnership for Carbon Accounting Financials (PCAF) to promote sustainable finance, combat climate change and advance sustainable socioeconomic development. Ms Folake Ani-Mumuney, Group Head, Marketing and Corporate Communications of the bank, announced the collaboration in a statement in Lagos on Tuesday. She said that[Read More…]
Polaris Bank retains double honours as best in digital banking, MSME Polaris Bank, Nigeria’s leading digital retail commercial bank, again at the weekend proved its digital dominance in the Nigerian banking industry, winning the most-coveted award as the best in digital banking and the entire ecosystem for micro,[Read More…]
FirstBank has clarified that it has no system upgrade that is currently underway and that all its customer applications are fully operational. The information is against the backdrop of a misleading report circulating in the media regarding a system upgrade at FirstBank. According to the bank, the message[Read More…]
Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, has confirmed plans by the Federal Government to raise Value Added Tax, VAT, to 15 percent. However, the minister explained that only luxury goods consumed by the rich would be affected. Edun made the disclosure[Read More…]
United Bank for Africa (UBA) Plc has announced a significant 83.2% rise in gross earnings for the third quarter that ended September 30, 2024, chalking up N2.398 trillion, from N1.308 trillion in the corresponding period last year. The bank’s scorecard indicated strong growth across all key financial indicators in[Read More…]
Polaris Bank, in a robust display of its commitment to environmental sustainability, has expanded its nationwide tree-planting initiative in collaboration with the Nigerian Conservation Foundation (NCF). The latest exercise took place at Government Secondary School, Gwagwalada, in the Federal Capital Territory (FCT) on October 14, 2024, following[Read More…]
