FG announces plans to offset N4trn debt owed GenCos –Ministry
April 15, 2025
Tinubu signs N28.78tn budget into law President Bola Tinubu, on Monday, signed the N28.78 trillion budget for 2024 into law. Speaking at the signing of the appropriation bill, the President assured Nigerians that the implementation of the budget would be efficiently pursued and vigorously monitored, saying: “All the[Read More…]
Dangote Refinery gets 4th Crude Shipment Barrels Of Crude The Dangote Petroleum Refinery, on Monday, received the fourth shipment of one million barrels of bonny light crude oil, supplied by the Nigeria National Petroleum Corporation Limited. It would be recalled that Dangote Refinery had earlier, received three million barrels[Read More…]
Sterling Bank transitions to Solar Energy …Becomes first organisational headquarters in Africa to be fully powered by solar energy. The headquarters of Sterling Bank located in Marina, Lagos State has fully transitioned to solar energy in a boost to the global sustainability movement. A statement from the financial[Read More…]
CAC extends penalty deadline for firms to file annual returns to April 2024 The Corporate Affairs Commission (CAC) has extended the deadline for imposing penalties on companies that have failed to submit their annual returns from January 1, 2024, to April 1, 2024. This extension grants companies an additional[Read More…]
NGX Group Appoints Popoola As GMD/CEO Nigerian Exchange Group Plc has appointed Mr. Temi Popoola as its new GMD/CEO with effect from January 1, 2024. Also, Mr. Jude Chiemeka has been appointed as the acting chief executive officer of Nigerian Exchange Limited (NGX) effective 1 January 2024. The[Read More…]
Egoras Firm Launches Gas-Powered Tricycle Egoras Technology, a sustainable transportation solutions firm, has launched a gast-powered tricycle, Egoras Dual-Fuel Tricycle. In a statement, the chief executive officer of Egoras Technology, Ugoji Harry, said that the tricycle was designed to address the challenges posed by the recent fuel subsidy removal.[Read More…]
Fidelity Scores Big in KPMG Customer Experience Survey In what has been termed the crowning glory of a successful year, leading financial institution -Fidelity Bank Plc -has been recognized for its devotion to providing exceptional customer experience. According to the recently issued KPMG 2023 West Africa Banking Industry[Read More…]
Union Bank reports 461% growth in PBT in Q3, 2023 Union Bank Plc has announced a significant financial performance for the third quarter ending September 30, 2023. In a release, the bank reported a profit before tax (PBT) of N102.3 billion, reflecting an impressive growth of 461.1[Read More…]
Emir of Zazzau extols benefits of non-interest bank Emir of Zazzau in Zaria, Kaduna State, Ambassador Ahmed Nuhu Bamali has extolled the benefits of The Alternative Bank (TAB) as a non-interest banking institution which propels economic growth through sustainable practices, responsible investment and financial decisions. In a keynote[Read More…]
10 Millionaires, others Emerge in FCMB Promo season 9 Four customers of First City Monument Bank (FCMB) became instant millionaires at the final draws of Millionaire Promo Season 9 held recently. They each won N1 million during the grand finale draws supervised by Federal Competition & Consumer Protection Commission[Read More…]