Business

Allen-Onyema

Boeing 737 MAX 8: Air Peace CEO, Allen Onyema frowns at attack on airline

Chairman and CEO of Air Peace airline, Barrister Allen Onyema has frowned at the behavior of some Nigerians who have been attacking the airline and “mischievously” creating the impression that the airline already had Boeing 737 MAX 800 in its fleet since the aircraft type was involved in two fatal accidents in Indonesia and Ethiopia […]

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herbert wigwe

Access Bank’s ₦15 bln Green Bond fully subscribed – Wigwe

Access Bank Plc. said on Monday that a five-year Fixed Rate Senior Unsecured N15 billion Green Bond, the first climate bond to be issued in Africa, had been fully subscribed. The bank’s Group Managing Director, Mr. Herbert Wigwe, stated this at the bond-signing ceremony in Lagos. Green bond is a bond specifically earmarked to be […]

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Zenith Bank

Shareholders of Zenith Bank get ₦2.50k dividend for 2018 financial year

Nigeria’s lender, Zenith International Bank PLC, yesterday announced it recorded about ₦193 billion in profit after tax in its Group Accounts for the financial year ended December 31, 2018. Highlights of its financial statement presented to shareholders by board Chairman, Mr Jim Ovia, at its 28th annual general meeting held in Lagos, Monday showed that […]

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5th Annual General Meeting Of The Company Held At Transcorp Hilton Hotels Abuja On Friday1

Shareholders laud Transcorp Hotels for impressive performance, approves 15k per share as dividend

Abuja, Nigeria– The Shareholders of Africa’s leading hospitality brand, Transcorp Hotels Plc, have extolled the Company for its impressive financial results for the year ended December 31, 2018. The congratulatory remarks were made at the Company’s 5th Annual General Meeting, which took place at the Congress Hall of the iconic Transcorp Hilton, Abuja. Following the […]

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Oil workers walk through pipe installations on a tanker at Bonga off-shore oil field outside Lagos, file.

NNPC recorded 257 pipeline breaches, post ₦12.13 bln trading surplus

The Nigerian National Petroleum Corporation (NNPC) yesterday released its December 2018 financial and operating report, posting a trading surplus of ₦12.13 billion, a development it said sprang from the success recorded by its upstream subsidiary, the Nigerian Petroleum Development Company (NPDC). The national oil company also said it recorded an upsurge in pipeline vandalism which […]

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A motorcyclist rides past the Ecobank headquarters in Lome, Togo, June 6, 2015. REUTERS/Noel Kokou Tadegnon

No court order to forfeit interest in Airtel shares – O&O Networks Limited

O&O Networks Limited, Special purpose vehicle owned by the Ecobank Group says contrary to certain media reports, there is no forfeiture order of the Federal High Court of Nigeria in its proceedings that is directed against Ecobank Transnational Incorporate (ETI) or Ecobank Nigeria Limited. O&O Networks Limited is defending long-standing proceedings in the Federal High […]

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FILE PHOTO: Central Bank of Nigeria's logo is seen on the headquarters building in Abuja, CBN

CBN’s decision to exclude textile sector from FX market put ₦5trn investment under threat

The recent decision by the Central Bank of Nigeria (CBN) to exclude the textile sector from the forex market will put over ₦5 trillion worth of investments in jeopardy, the Lagos Chamber of Commerce and Industry (LCCI) has warned. Besides the threat posed on the ₦5 trillion investments the chamber equally raised the alarm that […]

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A view of the Diamond Bank is seen along the Lekki-Epe Expressway in Lekki, Lagos, Nigeria September 12, 2017.

Merger: Access, Diamond Bank get final approval from CBN, SEC

Access and Diamond Bank Plc announced that they have received the final approval of both the Central Bank of Nigeria (CBN), and the Securities and Exchange Commission (SEC), to the proposed scheme of merger between both financial institutions. The banks had recently obtained approval in principle from the regulatory bodies as they await the final […]

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A general view of Marina street shows the United Bank of Africa's building in Nigeria's commercial capital Lagos, May 29, 2008. REUTERS/Akintunde Akinleye

UBA recorded significant asset growth as earnings hits ₦494 bln

LAGOS, NIGERIA – March 17, 2019 – The Pan-African financial institution, United Bank for Africa Plc has announced its Audited 2018 Financial Results with impressive growths achieved across major financial lines. According to the 2018 financials filed at the Nigerian Stock Exchange on Tuesday, the Africa’s global bank’s gross earnings grew by 7.0 percent to […]

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An Access bank signage is displayed on the roof of the bank's building in Abuja

Access Bank recorded 58 pct profit growth in FY 2018

Access Bank Plc has released its audited financial results for the full year (FY) ended December 31, 2018 showing an increase of 58% in Profit after Tax (PAT) to N95.0 billion from N60.1 billion in the corresponding period of 2017. The Bank’s audited results which was released to The Nigerian Stock Exchange on Friday also […]

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Heritage Bank, Sekibo

Female empowerment central to sustainable economic growth –Heritage Bank boss

As the world celebrates this year’s International Women’s Day (IWD), Heritage Bank Plc stated that making female empowerment central to organisation’s business strategies is not only critical to growth, but to building a sustainable and flourishing global economy. Speaking on the IWD 2019 campaign theme, “Balance for Better,” the MD/CEO of Heritage Bank, Ifie Sekibo, […]

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Maikanti Baru

Baru orders DSDP partners to patronise NNPC Shipping Coy

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has advised all its partners involved in the Direct Sale Direct Purchase (DSDP) scheme to patronise the NNPC shipping subsidiary (NIDAS), as a way of sustaining the profitability of the national oil outfit. Baru passed the advice to two of NNPC’s […]

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