Nigeria Business Now Archives - Page 15 of 81

Business

CBN orders Banks to suspend charges on Deposits till September

CBN orders Banks to suspend charges on Deposits till September The Central Bank of Nigeria (CBN) has ordered deposit money banks and financial institutions to suspend processing fee on deposits till September 30, 2024. In a circular, the apex bank ordered that financial institutions suspend processing charges imposed[Read More…]

May 8, 2024 by Eberechi Constance Comments are Disabled

Business

Cadbury Finance Director in Nigeria, Ogaga Ologe resigns

Cadbury Finance Director in Nigeria, Ogaga Ologe resigns Cadbury Nigeria Plc, a food, sweets and drink company headquartered in Lagos, Nigeria has announced the resignation of Ogaga Ologe as its finance director which will be effective on July 22, 2024. This is according to a statement released[Read More…]

May 8, 2024 by Eberechi Constance Comments are Disabled

Labour

ASCSN urges Govt to reverse electricity tarrif

ASCSN urges Govt to reverse electricity tarrif Comrade Tommy Okon, the National President of ASCSN, has urged the federal government to reverse the electricity tarrif back to N66 per kWh from N225. On April 3, the Nigerian Electricity Regulatory Commission (NERC) approved an increase in electricity tariff[Read More…]

May 7, 2024 by Eberechi Constance Comments are Disabled

Business

Ikeja Electric adds 19 new Band A feeders to communities

Ikeja Electric adds 19 new Band A feeders to communities Hours after slashing the tariff for Band A customers who get between 20-24 hours of electricity supply daily, Ikeja Electric has added more communities to the Band A network. The regions Incorporated into Band A of the Disco network[Read More…]

May 6, 2024 by Eberechi Constance Comments are Disabled

Business

NERC Unbundles TCN, sets up new system operator

NERC Unbundles TCN, sets up new system operator The Nigerian Electricity Regulatory Commission (NERC) has unbundled the Transmission Company of Nigeria (TCN) with the establishment of the Nigerian Independent System Operator of Nigeria Limited (NISO). NERC made this known in an Order dated April 30, 2023 and[Read More…]

May 4, 2024 by Eberechi Constance Comments are Disabled

Business

Transcorp Group delivers impressive Q1 2024 performance, sustains revenue growth of 173% and PBT of N45bn

Transcorp Group delivers impressive Q1 2024 performance, sustains revenue growth of 173% and PBT of N45bn Transnational Corporation Plc (“Transcorp” or the “Group”), Nigeria’s leading, listed conglomerate with investment in the Power, Hospitality, and Energy sectors, has announced impressive Q1 financial results for the period ended March 31, 2024. In[Read More…]

May 3, 2024 by Eberechi Constance Comments are Disabled

Business

FG to harness Nuclear energy for electricity generation

FG to harness Nuclear energy for electricity generation The Nigeria Atomic Energy Commission (NAEC) in partnership with the Centre for Energy Research and Training (CERT), Ahmadu Bello University, Zaria, are in plans to deploy nuclear technology to strengthen electricity generation in Nigeria. Yusuf-Aminu Ahmed, chairman of NAEC,[Read More…]

May 3, 2024 by Eberechi Constance Comments are Disabled

Business

Fidelity Bank records a 120.1% growth in PBT to N39.5bn in Q1 2024

Fidelity Bank records a 120.1% growth in PBT to N39.5bn in Q1 2024 In line with its upward growth trajectory, leading financial institution, Fidelity Bank Plc, has posted an impressive 120.1% growth in Profit Before Tax from N17.9bn at the end of Q1 2023 to N39.5bn for Q1[Read More…]

May 2, 2024 by Eberechi Constance Comments are Disabled

Business

NDIC Raises Depositors Coverage for Banks from N500,000 to N5m

NDIC Raises Depositors Coverage for Banks from N500,000 to N5m The Nigeria Deposit Insurance Corporation has announced the increase of the Maximum Deposit Insurance Coverage for banks operating within the country. At a media briefing held in Abuja, NDIC’s Managing Director, Bello Hassan, revealed the new coverage benchmarks. The[Read More…]

May 2, 2024 by Eberechi Constance Comments are Disabled

Business

Leadership Means Always Believing in Better – CEO, Sterling Bank

Leadership Means Always Believing in Better – CEO, Sterling Bank Abubakar Suleiman, the Chief Executive Officer of Sterling Bank Limited, delivered an enlightening discourse on leadership during the prestigious Lagos Leadership Summit 2024, powered by the Lateef Jakande Leadership Academy, shedding light on the profound essence of effective leadership[Read More…]

April 30, 2024 by Eberechi Constance Comments are Disabled

Latest News

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National grid collapses for 10th times in a year

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