CBN unveils electronic system to enhance transparency in forex market
October 4, 2024
Unity Bank Grows Gross Earnings to N27.5bn in H1’2023
Unity Bank Grows Gross Earnings to N27.5bn in H1’2023
Business
FG tells Discos to set up customers centres
FG tells Discos to set up customers centres The Federal Government has ordered power distribution companies to deploy customer engagement platforms within the next three months, beginning from September 1, 2023. The directive meant the Discos must install the facilities before January 2024. It gave the order through the[Read More…]
G20 Summit: Elumelu wants India to invest in Nigeria
G20 Summit: Elumelu wants India to invest in Nigeria The Chairman of Heirs Holdings Group, Tony Elumelu, has urged the Indian private sector to invest in Nigeria because it poses a huge market on the African continent. Elumelu told the Indian investors to seize the opportunity to invest in[Read More…]
Nigeria lost N16.25 trillion to oil theft in 11 years- Abass The Speaker of Nigeria’s House of Representatives, Tajudeen Abbas, said the country lost about N16.25 trillion to crude oil theft between 2009 and 2020. Abbas made the statement in Abuja while inaugurating an ad hoc committee to investigate crude[Read More…]
UAE Launches $4.5bn Clean Energy Support Initiative For Africa.
UAE Launches $4.5bn Clean Energy Support Initiative For Africa The United Arab Emirates (UAE) has made a significant pledge of $4.5 billion to support clean-energy projects in African nations. The UAE, is the host of this year’s United Nations climate summit. This substantial commitment is a collaborative effort involving[Read More…]
NGX RegCo Urges Banks To Embrace ESG
NGX RegCo Urges Banks To Embrace ESG Following Nigeria’s commitment to adopt the International Sustainability Standards Board (ISSB) standards, the chief executive officer of NGX Regulation Limited (NGX RegCo), Tinuade Awe has emphasised the importance of banks swiftly integrating environmental, social, and governance (ESG) principles into their business strategies.[Read More…]
MTN Nigeria targets net zero emissions with green energy investment
MTN Nigeria targets net zero emissions with green energy investment MTN Nigeria has announced significant investments in clean energy technologies as part of its efforts to reduce emissions and support Nigeria in achieving its 2050-2070 net zero greenhouse gas (GHG) emission commitments. The largest telecommunication provider, MTN disclosed this[Read More…]
CBN to clear forex obligation backlog in two weeks
CBN to clear forex obligation backlog in two weeks Nigerian businesses from manufacturers to importers, who have been on a long queue for dollars may have cause to heave a sign of relief as the Central Bank of Nigeria (CBN) has announced plans to clear foreign exchange (Forex) backlog[Read More…]
Fidelity records PBT of N76.3bn for H1 2023
Fidelity records PBT of N76.3bn for H1 2023 ……Declares interim dividend of 25 kobo Per Share Leading financial institution, Fidelity Bank Plc has recorded an impressive 204.4% growth in Profit Before Tax for the first half of 2023 to N76.3bn according to the bank’s recently issued financial result. A[Read More…]
Airbus opens Hamburg A321XLR equipment installation hangar
Airbus opens Hamburg A321XLR equipment installation hangar Airbus has opened a new automated A321XLR equipping hangar in Hamburg. It was officially opened by Hamburg’s First Mayor Peter Tschentscher and German Aerospace Coordinator Anna Christmann. A statement by the media consultant to the company in Nigeria, said that with this,[Read More…]