Seplat Energy Plc has recorded N1.071 trillion for the third quarter of 2024, an increase from the N478.1 billion posted in the same period of 2023. The company stated this in its unaudited results filed with the Nigerian Exchange Ltd. (NGX) and the London Stock Exchange on Tuesday,, 29th 2024. The company’s Chief Executive Officer […]
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Africa’s Global Bank, United Bank for Africa (UBA) Plc, has set the wheels in motion to expand its operations in the Middle East with plan ongoing to open a subsidiary in Saudi Arabia, its largest economy. This move which is expected to happen within the next year will mark the bank’s second subsidiary in the […]
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To enhance its environmental sustainability initiatives in line with global best practices, Dangote Industries Limited (DIL), has embarked on a restoration project of planting 10,000 mangrove trees across coastal states in Nigeria. The project, in partnership with Eco-Restoration Foundation, kickstarted at Akodo-Ise, Ibeju-Lekki, Lagos, was aimed at minimising the global effects of climate change, by […]
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The Dangote Petroleum Refinery wishes to clarify that it has not received any payments from the Independent Petroleum Marketers Association of Nigeria (IPMAN) to purchase refined petroleum products. Although discussions are ongoing with IPMAN, it is misleading to suggest that they (IPMAN Members) are experiencing difficulties loading refined products from our Petroleum Refinery, as we […]
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Central Securities Clearing System (CSCS) Plc, Nigeria’s premier capital market infrastructure,otherwise known as the central depository of the ‘Stock Exchange’, has been honoured for its outstanding contributions to the financial services industry. CSCS received the prestigious Capital Market Infrastructure Developer of the Year award, at the 12th Business Day Banks and other Financial Institutions (BAFI) […]
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In a remarkable display of leadership and excellence, United Capital Group dominated the 2024 BusinessDay Banks and Other Financial Institutions (BAFI) Awards, securing five major awards and solidifying its position as a top-tier financial services powerhouse. The Pan-African investment and financial services group excelled across multiple categories, winning: • Financial Services Group of the Year […]
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The National Agency for Science and Engineering Infrastructure (NASENI) and Imose Technologies Ltd, an indigenous Nigerian company, are rolling out made-in-Nigeria laptops and tablets for use by Nigerians. The 14-inch laptops and 10.5-inch tablets are manufactured in the NASENI brand name. This move aligns with the agency’s mission to drive indigenous industrialization, local content and […]
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UBA’s GMD/CEO, shares insight at the just concluded annual meetings of the International Monetary Fund (IMF)/World Bank in Washington D.C. Excerpts Can you tell us about your experience so far in Washington? So far, the World Bank and IMF meetings in Washington have been positive for Nigeria. Yesterday, we attended a session where Nigeria’s Minister […]
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I am a proud Nigerian and a proud African. I am also a philanthropist and entrepreneur—and I have seen firsthand that to effectively tackle climate change within the African context, from Egypt to Nigeria to South Africa, we must look to the people it impacts. Too often our businesses have not created value on our […]
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Nigeria’s foremost financial institutions, Zenith Bank Plc,has announced the successful restoration ofits full operational services across its electronic transaction channels, ensuring that customers can now enjoy seamless access to digital banking services. This restoration follows temporary disruptions caused by a routine upgrade of the bank’s technology infrastructure, which aimed to optimize service delivery but impacted […]
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Africa’s major conglomerate, Dangote Indusry has said it has not filled any fresh suit in court against any business interest According to the business group, what is being reported in the media is an old issue that started in June and culminated in a matter being filed on September 6, 2024 The group said in […]
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Overshadowed by international crises, the International Monetary Fund (IMF) and the World Bank annual meeting is due to start on Monday in the U.S. capital, Washington. The meeting is to bring together finance ministers, representatives from the financial sector and development cooperation, as well as central bankers. The discussions, set to run until Sunday, are […]
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