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…]
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…]
FAAN relocates international operations to new terminal at Lagos airport The Federal Airports Authority of Nigeria (FAAN) has redirected the processing of passengers through the new international terminal, at the Lagos airport effective immediately. According to a statement by the spokesperson, Mr Abdullahi Yakubu-Funtua, the expedited relocation to the[Read More…]
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 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 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 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…]
Interior Minister promises to clear all passport backlogs within two weeks The Minister of Interior, Olubunmi Tunji-Ojo, has said that all passport backlogs in Nigeria should be cleared within two weeks. Tunji-Ojo said that there is no excuse for passport delays in Nigeria and that the scarcity and delay[Read More…]
NNPP expels Kwankwaso over alleged anti-party activities …Agbo’s faction can’t speak for party, says Kwankwaso’s camp A faction of the New Nigeria Peoples Party under the leadership of Major Agbo has expelled the presidential candidate of the party, Senator Rabiu Kwankwaso, over his alleged anti-party activities and misappropriation[Read More…]
