Companies

Alawuba Uba

UBA Starts Solid  In 2024, Consolidates Gains With Gross Earnings Rise by 110%, Q1st Profit  Hits N156bn;  Delivers  YoY Growth of 165%

  Africa’s Global Bank, United Bank for Africa Plc (UBA), , released its financial results for the first quarter ended March 31st, 2024, showing very strong growth across key performance measures. The Group’s results, which were released to the Nigerian Exchange Limited (NGX) on Friday May 3rd, 2024, saw outstanding year-on-year increases: Gross Earnings rose […]

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Dangote

Backward Integration: Dangote Targets 700,000MT of Refined Sugar in Four Years, Says Q1 Revenue Rise by 20.1% to N122.7bn

Dangote Sugar Refinery Plc (DSR) has unveiled plans to produce 700,000 metric tonnes of refined sugar from locally grown sugarcane in the next four years, through its Backward Integration Programme (BIP). Chairman of Dangote Sugar Refinery Plc, Aliko Dangote stated this at the company’s 18th Annual General Meeting (AGM) held yesterday in Lagos, just as […]

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Uba 24

UBA Employs 398 Across Africa In Youth Empowerment Graduate Programme, These Young UBA Graduates A Testament to Who We Are Says Elumelu

Africa’s Global Bank, United Bank for Africa (UBA), on Thursday, held the second edition of its expanded Graduate Management Acceleration Programme (GMAP) class of 2024, where 398 young Africans were inducted into the UBA Tribe after a rigorous six-month hands-on-work and learning experience. The event, which was held in a grand ceremony in Eko Hotel, […]

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Gov Sule Pix 2

NASENI, Nasarawa State, Firm Partner to Establish Tractor Manufacturing Plant in North-Central Geo-political Zone; Gov. Sule Visits NASENI to Discuss Project

The National Agency for Science and Engineering Infrastructure (NASENI), is set to collaborate with Nasarawa state government and Bobtrack Tractors, a division of Saint Bob Motors Limited to start the manufacturing and assembling of tractors in the north-central geo-political zone. The facilities and infrastructure available at one of NASENI’s Institutes, Agricultural Machinery and Equipment Development […]

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Dangote

Again, Dangote Reduces Diesel, Aviation Fuel Prices Further to N940, N980 Respectively

Dangote Petroleum Refinery has again announced a further reduction in the prices of both diesel and aviation fuel to N940, N980 per litre respectively. This is coming in the wake of its widely celebrated price reduction to N1,000 barely two weeks ago. The price change of N940 applies to customers buying five million litres and […]

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Cbn

CBN Partners International Money Transfer Entities to Double Remittances to Nigeria

The Central Bank of Nigeria (CBN) has secured the cooperation of some International Money Tranfer Organisations (IMTOs) to double the flow of remittance to Nigeria in its current bid to consolidate the modest improvement in the foreign exchange market dynamics. Mr. Olayemi Cardoso,the CBN Governor, who disclosed this in Washington DC  also said that the […]

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Alebiosu

FirstBank Holdings Names Olusegun Alebiosu Acting Chief Executive of FBN, Replaces Adeduntan

The Board of FBN Holdings Plc, yesterday, announced the appointment of Mr. Olusegun Alebiosu as acting Chief Executive, First Bank of Nigeria Limited (FirstBank), its flagship subsidiary. The appointment came on the heels of the recent resignation of the bank’s Managing Director/Chief Executive, Dr. Adesola Adeduntan. In a statement to the Nigerian Stock Exchange, the […]

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Ecobank

ETI Says Successful Repayment of $500m Eurobond Completed

Ecobank Transnational Incorporated (ETI) announced on the Nigerian Exchange Limited (NGX) that it has successfully repaid its $500 million 5-year Eurobond that matured on April 18, 2024. The Eurobond, which was issued in April 2019 was listed on the London Stock Exchange with a coupon rate of 9.5per cent. The bond garnered support from diverse […]

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Fb Img 1692204276892

Access Bank to Reward Customers With N200m, 3 SUVs in Promo

Access Bank has announced the unveiling of the sixteenth season of DiamondXtra, a savings and reward account program, in Lagos. This season of the special interest-yielding hybrid account, which permits deposits of both cash and third-party cheques, has been enhanced with exciting prizes for customers. Participants stand the chance to win prizes totaling N200 million, […]

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Transcorp

Transcorp Power Posts 775% PBT Jump in Q1 2024 Along Impressive Revenue Growth

Transcorp Power Plc (Transcorp Power), one of the electricity generating subsidiaries of Nigeria’s leading, listed conglomerate, Transnational Corporation Plc (Transcorp Group), has demonstrated impressive financial performance in its released Q1 2024 unaudited financial statements, for the period ended March 31, 2024. The Company recorded N67.86 billion in gross earnings, compared to N21.04 billion reported in […]

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Ecobank

Ecobank Partners Nigeria Chess Federation, Set to Host Competition

Ecobank Nigeria Limited, a subsidiary of the Ecobank Group, has entered a strategic partnership with the Nigeria Chess Federation (NCF) to host the 2024 National Schools’ Team Chess Competition. Ecobank in a statement said the competition is scheduled to hold between in May 2024, is open to students from primary, Secondary and Tertiary education level […]

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Dangote Pet

Tinubu Aplauds Dangote Group for Reduction in Diesel Price By 60%

President Bola Tinubu has commended the enterprising feat of Dangote Oil and Gas Limited for reducing the pump price of Automotive Gas Oil (AGO), also known as diesel. The Group recently reviewed downwards the gantry price of AGO from N1,650 to N1,000 per litre for a minimum of one million litres of the product, as […]

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