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…]
…… Declares total dividend of 50K per share Fidelity Bank Plc, a leading financial institution released its 2022 Audited Financial Statements on the Nigerian bourse on Thursday. The results in a release showed a 34.4% growth in Gross Earnings YoY to N337.1bn, driven by 45.2% growth in interest and similar[Read More…]
The National Economic Council (NEC) on Thursday suspended the planned removal of subsidy on petroleum products by the end of President Muhammadu Buhari’s administration to allow consultation with Tinubu. It however said all preparatory plans with various segment of government, including States and the incoming administration should be intensified. Minister[Read More…]
Kerosene, the fuel for cooking in poor households, doubled in price in March versus 12 months prior, with Adamawa, Abuja, and Bauchi selling at the highest rate and Jigawa, Kaduna, and Edo in the bottom rung of the price ladder. Zonal price variations The report listed the average price per[Read More…]
.As end to coal remains elusive The current attention being shifted to gas in the face of the Ukraine and Russia war as well as the energy transition may fade sooner than expected if the agreement of the world’s seven richest countries (G-7) to prioritise renewable energy over gas is[Read More…]
