Business
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Cost optimisation, others lift Zenth Bank Q1, 2020 profits
Zenith Bank Plc has attributed the increase in profit in its unaudited result for the First Quarter (Q1) ended March...
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Insurers pay policyholders N1.7b as fire outbreak claims hit N2.7 billion
Determined to change the perceptions Nigerians about the nation’s insurance industry, few among the operators especially during the global pandemic...
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CBN, Bankers’ Committee halt mass sack in banks
THE anticipated mass sack in the banking sector has been halted by the Central Bank of Nigeria (CBN) and Bankers’...
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MTNN, Nestle & Tier 1 banks’ stocks boost market value
The market opened for four trading days last week as the Federal Government declared Friday, 1st May, 2020, a public...
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COVID-19: 220 new cases as national tally hits 2,388
Seventeen coronavirus related deaths were recorded across the country on Saturday including a runaway patient in Kebbi State. Another...
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Eleven banks paid N8bn IT levy in 2019 –Reports
Eleven Nigerian banks paid about N8.08bn Information Technology-related levies to the government in 2019, the audited financial reports of the...
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First Bank, Polaris Bank Bounce Back
•CBN’s patience with FirstBank, support for Polaris, pay off •One year after merger, Access Bank offers deals, says social media...
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14 projects threatened in Nigeria as Shell posts loss
A total of 14 projects in Nigeria may suffer delays as Royal Dutch Shell posted a loss in the first...
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COVID-19: Relaxing lockdown premature — Nigerian doctors
The Nigeria Medical Association (NMA) on Friday spoke against the decision of the Federal Government to relax the stay-at-home order....
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Unilever Reports N13.33bn Revenue in Q1
Unilever Nigeria has released its unaudited report for the period ended 31st March 2020. The company recorded turnover of...
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FIRS Gives Deadline on Tax Interests, Penalties Waiver
Federal Inland Revenue Service (FIRS) is to waive interests accruable to debts as well as the related penalties for defaulting...
Read moreShell cuts dividend to investors first time in 80yrs
Royal Dutch Shell with strong presence in Nigeria’s petroleum industry upstream sub-sector through its subsidiary Shell Petroleum Development Company (SPDC),...
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Increasing tomato production
Tomato is an important vegetable crop in Nigeria. It is widely grown for home consumption and for sale. Its demand...
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Equities sustain rising profile as ASI increases further by 0.67 per cent
Following the sustained interest in some high-value stocks, the Nigerian equities market closed the last day in the month of...
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CBN Extends Deadline for Microfinance Banks’ Recapitalisation
In consideration of the impact of the COVID-19 pandemic on economic activities in the country, the Central Bank of Nigeria...
Read moreFG shops for N4.1 trillion to fill 2020 financing gaps
Despite accessing $3.4billion from the International Monetary Fund (IMF), the Federal Government still needs at least $10.6billion or about N4.1trillion...
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FG offers discounted crude oil below $4 amid glut
In a desperate effort to offload and sell stranded barges of oil, the Federal Government, yesterday, offered oil traders huge...
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Bulls sustain dominance as index rises further by 0.62 per cent
Following price gains recorded by most bluechip stocks, the bulls sustained their hold on the equities sector of the Nigerian...
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CBN Resumes Dollar Sales for SMEs, School Fees
The Central Bank of Nigeria (CBN) has resumed the sale of foreign exchange to all commercial banks to enable parents...
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COVID-19: FRC Unveils Guidelines for Preparers of Financial Statements
The Financial Reporting Council of Nigeria (FRC) has released fresh guidelines on the impact of COVID-19 on financial reporting. The...
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Zenith Bank posts N166.8b in Q1
Zenith Bank Plc has announced its unaudited results for the first quarter ended March 31, 2020, with gross earnings rising...
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Banks to Reap Higher Income from Digital Platforms, Says Agusto & Co
Agusto & Co. has predicted that more bank customers would embrace digital banking platforms which could result in higher electronic...
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Q1: Stanbic IBTC Records N61bn Earnings, N21bn Profit After Tax
Stanbic IBTC Holdings Plc has announced its financial results for the first quarter (Q1) ended March 31, 2020, showing a...
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FMDQ Admits Commercial Papers of United Capital, Sterling Bank
FMDQ Exchange Limited has admitted the United Capital Plc N1.35 billion Series 1 and N3.97 billion Series 2 commercial paper(CP)...
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Black market forex dealers sourcing dollars externally – ABCON
The president of the Association of Bureau de Change of Nigeria (ABCON), Aminu Gwadabe has disclosed that despite the closure...
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