One of Africa’s fastest growing companies and Nigeria’s leading commercial bank, Sterling Bank, has reported a growth of 28.5 percent in its profit after tax for 2022. The bank’s profits grew to N 19.3 billion for the year ended 31 December 2022 in comparison to N15 billion as reported by[Read More…]
• Fault tax increase, claim all sectors bleeding seriously The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) and the Centre for the Promotion of Private Enterprise (CPPE) have lamented the deplorable state of the economy, stressing that virtually all the sectors are seriously struggling to[Read More…]
Tropical General Investments (TGI) Group, a global conglomerate and leading contributor to the Nigerian economy, has been ranked among the 25 Best Workplaces where people can grow their careers in the 2023 LinkedIn Top Companies list. According to a release on Wednesday, May 3rd, the LinkedIn Top Companies list[Read More…]
Ecobank Nigeria has concluded arrangements to host a consumer-focused income management webinar with the theme, “Maximizing your income: the power of diversification” for public and private sector employees as well as entrepreneurs in Nigeria being part of activities to commemorate the Workers Day. The webinar, slated for Friday, 5th[Read More…]
The Board of Trustees, Aliko Dangote Foundation, has expressed its willingness to evacuate and resettle Nigerians stranded in Sudan. This was disclosed by the Managing Director and Chief Executive Officer of Aliko Dangote Foundation, Zouera Youssoufou, as contained in a statement made available to newsmen. According to Youssoufou, the organisation[Read More…]
The Central Bank of Nigeria (CBN) on Sunday said there are no plans to phase out the newly redesigned N200, N500 and N1,000 notes from circulation. The clarification follows what the apex bank described as ‘a fake news item circulating in the media’, particularly in the social media space, suggesting[Read More…]
The 2022 KPMG Nigeria Banking Industry Customer Experience survey result listed Polaris Bank ‘as the most improved Bank under retail segment moving up five places to sixth position and 3rd under SME segment’, with the Bank showing significant improvement in customer ratings. Many customers have praised the Bank for its[Read More…]
Transnational Corporation Plc (Transcorp) has revealed that Tony Elumelu, the chairman of the company, has acquired fresh 9.7 billion shares in separate deals in recent days. The acquisition made him the biggest shareholder of the company, taking the prime spot from two previous owners. The conglomerate’s shares numbering 2.4 billion[Read More…]
The Nigeria Export Processing Zones Authority (NEPZA) is targeting 22 billion dollars investment from Delta as a special economic zone. The Managing Director of the agency, Prof. Adesoji Adesugba made this known at the presentation of licence to the Delta Special Economic Zone (DSEZ) on Wednesday in Abuja. While commending[Read More…]
