Fidelity Bank Plc said it has concluded plans to raise N127.1 billion by way of rights issue to existing shareholders and a public offer, which is a combined subscription. The bank said this in a statement made available to newsmen on Wednesday 5th June, 2024 in Lagos. It said that the combined offer was part […]
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In Nigeria, a young tech-savvy and upwardly mobile population is teeming, and exploring derivable benefits of digital technologies. They are propelled by rapidly expanding internet access and steady broadband penetration, currently about 43 per cent. Our digital economy is poised for significant growth, positively impacting various sectors and benefiting the nation through enhanced connectivity and […]
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The Central Bank of Nigeria (CBN) has cited failure of the board of directors of Heritage Bank to improve its financial performance as the reason for the revocation of the bank’s operating licence. Consequently, the Nigeria Deposit Insurance Corporation, NDIC, has also commenced liquidation process of the bank, assuring that it will pay the insured […]
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Amidst applause by shareholders for the impressive results in the 2023 financial year despite the harsh business operating environment, the Chairman of Dangote Cement Plc, Aliko Dangote has announced an increase of 50 per cent on dividend payout to the shareholders, from N20.00 per share paid in the 2022 financial year to N30.00 for the […]
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President Bola Ahmed Tinubu has directed Federal Ministries, Departments and Agencies (MDAs) in the country to patronise technologies and products of the National Agency for Science and Engineering Infrastructure (NASENI) to support Made-in-Nigeria goods and reduce importation. The President represented by President of the Senate, Godswill Akpabio made the declaration while commissioning NASENI-Portland Compressed Natural […]
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Africa’s Global bank, United Bank for Africa (UBA) Plc, joined the rest of the world on Friday, May 24, 2024, to mark this year’s edition of the Africa Day. The celebration which went on concurrently across all of its subsidiaries in Africa as well as in the United Kingdom, France, United States of America and […]
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Nigeria’s major financial services institution, Zenith Bank Plc has emerged as the “Most Sustainable Bank, Nigeria” in the International Banker 2024 Banking Awards, retaining the title for the second consecutive year. In her response to the award, the Group Managing Director/Chief Executive Officer of Zenith Bank, Dame (Dr.) Adaora Umeoji, said: “We are deeply honoured […]
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FBN Holdings Plc has declared N238.53 billion profit before tax (PBT) in its unaudited first quarter (Q1) ended March 31, 2024 results, which was about 325.2per cent growth from the N56.1 billion reported in Q1 ended March 31, 2023. The Q1 2024 results was a reflection of 2023 impressive performance as one of the oldest […]
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THE Organised Labour on Tuesday 28TH mAY, 2024 walked out of the Tripartite Committee meeting on Minimum Wage after the Federal Government increased its offer to N60,000. A source privy to the meeting which is taking place in Abuja, told Vanguard that the federal government increased its offer by N3,000 thereby taking the whole amount […]
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President Bola Ahmed Tinubu, Lagos State Governor Babajide Sanwo-Olu, Minister of Works, Engr David Umahi, among others hailed President of the Dangote Industries Limited, Alhaji Aliko Dangote, and HiTech Construction for their roles in the completion of the Oworonshoki-Apapa Expreswway. President Tinubu, represented by Senate President Godswill Akpabio, enthused that the 37 kilometres road, which […]
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Nigeria’s foremost financial institution, Access Bank Plc. has again bagged the most valuable brand award by Brand Finance, a leading brand valuation consultancy outfit. Mr Roosevelt Ogbonna, Managing Director/Chief Executive Officer of Access Bank Plc., said in a statement on Sunday 26th May, 024, that the bank was proud of the feat and would continue […]
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Aliko Dangote Foundation (ADF), in conjunction with the World Economic Forum (WEF) and Forum of Young Global Leaders (YGL), has unveiled gifted and high calibre individuals for the esteemed 2024 class of the World Economic Forum Young Global Leaders (YGL) Dangote Fellows. ADF and WEF, in a release, said, “With great excitement and anticipation, ADF […]
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