Bank of Industry grows assets by 67%, profit by 177% The Bank of Industry, BOI, has achieved a N3.3 trillion total assets as at June 30 2023. This represents a Year-on-Year, YoY, growth of 67% on N1.97 trillion asset level as at June 2022. Profit Before Tax, PBT, after[Read More…]
UBA records 371% increased profitability to N404bn in H1’23 UNITED Bank for Africa, UBA, Plc has recorded 371 per cent increase in profit before tax, PBT to N404 billion, in the first half of 2023 from N85.75 billion recorded in the first half of 2022. The jump in profitability[Read More…]
World Bank raises concerns over Nigeria’s macroeconomic management The World Bank has raised concerns over Nigeria’s macroeconomic management, calling for an urgent need for structural reforms to among other things improve revenue mobilization and financial management. The Bank said this would be imperative for the much “needed enabling[Read More…]
Polaris Bank rewards 50 Lucky Winners in its ongoing ‘Save & Win’ promo Polaris Bank held the first draw in her ongoing Polaris ‘Save & Win’ promo where 50 persons emerged winners. The development is in line with the Bank’s commitment to rewarding its loyal customers across the[Read More…]
NIPOST Lost N2.4bn Revenue In Four years The National Bureau of Statistics (NBS) has shown that the Nigerian Postal Service (NIPOST)) lost N2.36 billion between 2019 and 2022 (four years). According to the bureau, the postal agency generated N3.01 billion as revenue in 2022, representing a 43.9 percent decrease[Read More…]
Zenith Bank records impressive triple digit in H1 2023 result Zenith Bank Plc has announced its audited results for the half-year ended 30 June 2023, recording an astounding triple-digit growth of 139% in gross earnings from N404.8 billion reported in H1 2022 to N967.3 billion in H1 2023. [Read More…]
Flutterwave launches Swap, a digital FX solution Flutterwave, Africa’s leading payments technology company has announced the launch of Swap, powered by Flutterwave, in partnership with Wema Bank and Kadavra BDC. Swap is a cutting edge solution that is backed by the Central Bank of Nigeria (CBN) to serve[Read More…]
Oyetola says 6,000 cargoes abandoned at Apapa, Tin Can ports since 2011 Minister of Marine and Blue Economy, Adegboyega Oyetola, said about 6,000 abandoned cargoes are lying at Apapa and Tin Can ports uncleared since 2011. Oyetola stated this during his visit to the Nigerian Shippers’ Council (NSC) office[Read More…]
Unity Bank Grows Gross Earnings to N27.5bn in H1’2023
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…]
