Business
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Wema Bank Posts N81bn Earnings, N5.1bn Profit after Tax
Wema Bank Plc yesterday released its unaudited results for the year ended December 31, 2020, showing marginal decline in top...
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Nigeria will benefit less from African trade deal – NESG
Nigeria and other resource-based countries will benefit less from the African Continental Free Trade Area than economies that are more...
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Report: Nigeria Records High Internet Usage, Low Download Speed
A recent report published by We Are Social and Hootsuite has shown that Nigeria maintains high record of internet usage,...
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The automotive industry attracted $1bn in 2019, says FG
The Federal Government has said its reforms in the automotive industry attracted investments worth over $1bn in 2019. The Director-General,...
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Stanbic IBTC Offers Low-Interest Agric Loans
Stanbic IBTC Bank Plc has reaffirmed its commitment to the growth of Nigeria’s agriculture sector by supporting farmers and other...
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Zenith Bank posts N696.5b gross earnings in 2020
Amidst a harsh operating environment, Zenith Bank Plc has announced gross earnings of N696.5 billion in its 2020 operations, against...
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Standard Chartered introduces COVID-19 support for entrepreneurs
Standard Chartered Bank has said it has launched new programme with Youth Business International, to support young entrepreneurs hit by...
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Diesel price soars to N250/litre, businesses groan
The price of Automotive Gas Oil, also known as diesel, has risen to a high of N250 per litre, with...
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CIBN, NIBSS Introduce e-Payment Certification Programmes
The Chartered Institute of Bankers of Nigeria (CIBN) in collaboration with Nigerian Interbank Settlement Systems Plc (NIBSS) have introduced professional...
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NSE market capitalization appreciates by N27bn
The market capitalisation of the Nigerian Stock Exchange for the third consecutive day on Wednesday posted further growth increasing by...
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Infrastructure, forex undermining real sector interventions
Improvement in local manufacturers’ confidence in the economy as well as sectoral recovery, remains challenged by parlous state of infrastructure...
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Nigerian Breweries records N337bn in revenue
Nigerian Breweries Plc said it recorded a turnover of N337.01bn in revenue in its audited financial statement for the year...
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Hope PSBank begins free NIN registration for Nigerians across offices nationwide
Hope PSBank, a subsidiary of Unified Payment Services Limited and Nigeria’s premier digital-first bank, has commenced a free National Identification...
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United Capital Grows Profit by 61% to N7.9bn, to Pay N4.2bn Dividend
United Capital Plc, one of the leading investment banking firms has recorded positive results for the year ended December 30,...
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The insurance sector’s assets hit N1.82tn on the recapitalization deadline
The insurance sector’s assets rose by N410bn in one year as the industry attracted new investors; NIKE POPOOLA reports Despite the impact...
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Danbatta: Women Pivotal to Socio-economic Development
The Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, has emphasised the important role...
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Underwriter gets stable outlook rating for performance
The plan to recapitalise the insurance industry in the country may be getting the required boost as insurers record improved...
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COVID-19 pushes 27m Nigerians into extreme poverty, says NLC
The ravaging coronavirus has pushed 27 million Nigerians into abject poverty since the outbreak of the virus early last year....
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As More Airlines Enter Aviation Industry
There are key facts that could be confirmed by the Nigerian Civil Aviation Authority (NCAA) and industry analysts.The first is...
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NLC Declares Strike in 18 States over Minimum Wage
The Nigeria Labour Congress (NLC) yesterday directed workers in all the states where the national minimum wage of N30, 000...
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FBNInsurance partners Collinson on healthcare
FBNInsurance, a life insurer and a member of the SANLAM Group, said it partnered Collinson, a global leader in travel,...
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Electricity generation drops as idle plants rise to 11
The number of idle power plants on the national grid rose to 11 on Thursday, a day after a system...
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Interswitch Introduces Quickteller Business for SMEs
The Interswitch Group has announced the launch of Quickteller Business, a new comprehensive corporate solution focused on empowering businesses of...
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External reserves down by $565m in two weeks
The country’s external reserves dipped by $565m from $36.198bn as of February 1, to $35.633bn as of February 15, latest...
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Fuel price hike looms nationwide as marketers meet
Marketers of Premium Motor Spirit, popularly called petrol, on Wednesday met in Abuja on matters regarding the price of the...
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