Fidelity records PBT of N76.3bn for H1 2023 ……Declares interim dividend of 25 kobo Per Share Leading financial institution, Fidelity Bank Plc has recorded an impressive 204.4% growth in Profit Before Tax for the first half of 2023 to N76.3bn according to the bank’s recently issued financial result. A[Read More…]
IMF Sees Interest Rates Remaining High For ‘Quite Some Time’ says Gopinath Emerging markets will face a more volatile and uncertain future, and must rebuild fiscal buffers, boost revenues, diversify trade and gird for trillions of dollars in annual climate change costs, the International Monetary Fund (IMF), has said. Gita[Read More…]
Business Activity Falls Amid Record Increase In Selling Prices – Report Stanbic IBTC Bank Nigeria Purchasing Managers’ Index (PMI) report says Nigerian private sector business activity dipped into contraction midway through the third quarter of the year as severe and strengthening price pressures acted to diminish demand. According[Read More…]
Afreximbank signs MoU with UAE to promote intra African trade The African Export-Import Bank (Afreximbank) signed an MOU with the United Arab Emirates (UAE) Trade Center, to promote the TRADAR Club solution in the market. The Cooperation Agreement, signed between Afreximbank and the UAE Trade Center on the sidelines[Read More…]
Seplat Joins N1 trillion valuation group as shares soars The indigenous oil and gas gas company, Seplat Energy Plc has joined the exclusive group of stock worth over one trillion naria. Seplat achieved this feat recently as its share price increased to N1837 per share to hit N1.08 trillion[Read More…]
Customs, NPA partners to Enhance Trade Facilitation The Acting Comptroller-General of Customs, Bashir Adewale Adeniyi has expressed commitment to enhance the output of designated export processing terminals. The Customs boss made this revelation in Abuja, when he received the Managing Director of Nigeria Ports Authority (NPA), Muhammad Bello Koko[Read More…]
NUPRC warns operators on 3% remittance default to oil communities The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has threatened to revoke the licenses of oil operators who failed to remit the three percent statutory fees to oil communities before September ending. The NUPRC management on Friday said its attention[Read More…]
Ongoing Economic Reforms Will Rejuvenate Nigeria’s Economy, SEC The Securities and Exchange Commission (SEC) has commended the ongoing multi-layered economic reforms by the current administration, saying the new dispensation is capable of rejuvenating the economy and improving the standard of living of Nigerians. A statement issued by the commission[Read More…]
FG Outlines Plan For Nigeria’s Creative Economy The federal government through the ministry of Art, Culture and Creative Economy has outlined a plan to grow Nigeria’s creative sector. The minister of Art, Culture and Creative Economy, Hannatu Musawa, stated this in an eight-point plan in a video message to[Read More…]
FG promises to revamp steel sector to boost Nigeria’s economy The federal government has said it will revamp the nation’s steel sector to enhance the economy and create employment opportunities. The minister of steel development, Shuabi Audu, said this in Abuja when he met with heads of agencies and[Read More…]
