Polaris Bank, NCF take tree planting initiative to Kano Polaris Bank Limited has taken its tree planting initiative aimed at nationwide land restoration to Kano State working in partnership with the Nigeria Conservation Foundation (NCF). The commemorative tree planting activity was held at Ajingi Community Reserve, Kunkurawa, Kano[Read More…]
As foreign exchange debt continues to mount for Nigeria’s foremost brewing company, the Nigerian Breweries Plc, the Nigerian Exchange Limited (NGX), has approved a rights Issue of N600 billion to tackle the problem. The NBL Plc, the largest brewer in the country, plans to offer 22,607,491,232 ordinary shares[Read More…]
AMCON to sell Ibadan DisCo Assets Management Corporation of Nigeria (AMCON) says it plans to sell the loss making Ibadan Electricity Distribution Company (IBEDC) to more efficient investors capable of turning the entity around. AMCON Managing Director/Chief Executive Officer, Gbenga Alade, disclosed this at an interactive session with[Read More…]
NNPC Reports N3.3trn profit for 2023 The Nigerian National Petroleum Company (NNPC) Limited has declared a profit of N3.3 trillion for the fiscal year 2023. Pius Akinyelure, chairman of the NNPC board, stated this during a media briefing on the company’s 2023 audited financial statements (AFS) on Monday. Akinyelure said[Read More…]
FG commences Crude oil sales in naira to Dangote, others October 1 The Federal Government has announced that sales of crude oil to Dangote Refinery and other local refineries will commence October 1, 2024, The Punch reports. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun,[Read More…]
Access Bank Holdings celebrate posthumous birthday of late CEO, Herbert Wigwe The Access Holdings PLC yesterday August 15th, 2024 honored the memory of the late Group CEO, Dr. Herbert Wigwe on his posthumous birthday. They noted that the visionary leader is ‘forever in our hearts’, the Group prayed that[Read More…]
Ecobank Group Announces Top Finalists for 2024 Ecobank Fintech Challenge • Finalists to Compete for Coveted $50,000 Cash Prize Ecobank, the pan-African Bank, has announced the top finalists for the first-ever and inaugural 2024 Ecobank Fintech Challenge Hybrid Semi-Final event held at the Ecobank Pan African Centre[Read More…]
NLC, TUC, others to speak at LAWAN workshop The President, Nigeria Labour Congress, Comrade Joe Ajaero and that of Trade Union Congress (TUC) Comrade Festus Osifo are expected to speak at the forthcoming 2024 Labour Writers Association of Nigeria (LAWAN) workshop in Lagos. The event, slated for 5th of September[Read More…]
Investors Scramble for Fidelity Bank’s Offers Investors are literally scrambling for shares of Fidelity Bank Plc as the leading commercial bank’s capital raising continues to gather momentum among all categories of investors. Investors’ appetite for Fidelity Bank is shown in massive subscriptions to its ongoing rights and public[Read More…]
Access Bank offers cleaner energy financing to customers Access Bank has unveiled a new product that offers affordable financing opportunities to businesses and customers to adopt a cleaner and more reliable source of electricity. A statement from the bank on Thursday indicated that the offering was titled ‘Switch[Read More…]
