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BUSINESS

N1.4trn now spent on subsidy yearly – FG
2 weeks ago

N1.4trn now spent on subsidy yearly – FG

The Minister of State for Petroleum Resources, Ibe Kachikwu has disclosed that the Federal Government of Nigeria now spends N1.4 trillion on subsidising Premium Motor Spirit, popularly called petrol.

Mr. …
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FBNH, Diamond Bank, Linkage Assurance, miss annual results deadline
3 weeks ago

FBNH, Diamond Bank, Linkage Assurance, miss annual results deadline

By  •  BUSINESS

FBN Holdings Plc, Diamond Bank Plc, Linkage Assurance Plc and International Breweries Plc on Wednesday gave the reasons for the delay in filing their annual financial statements with the Nigerian …
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Top gainers at NSE as Nestle leads
3 weeks ago

Top gainers at NSE as Nestle leads

By  •  BUSINESS

Nestle Nigeria PLC on Thursday led the gainers’ table at the Nigerian Stock Exchange (NSE) appreciating by N39.70 to close at N1,380 per share.

The News Agency of Nigeria (NAN) …
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UBA promotes 2,000 staff across Africa as reward for high performance
4 weeks ago

UBA promotes 2,000 staff across Africa as reward for high performance

In line with its commitment to reward excellence and high performance, Pan-African financial institution, United Bank for Africa (UBA) Plc, has announced the promotion and elevation of about 2000 of …
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Reps adopt two bills seeking to block concession of Ajaokuta steel company
4 weeks ago

Reps adopt two bills seeking to block concession of Ajaokuta steel company

The House of Representatives on Wednesday adopted two crucial bills seeking to prevent the concession of Ajaokuta steel company and to ensure its completion.

The bills, each sponsored by 301 …
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FAAC finally reach agreement, shares N647.39bn as February allocation
4 weeks ago

FAAC finally reach agreement, shares N647.39bn as February allocation

By  •  BUSINESS

The Federation Account Allocation Committee (FAAC) on Wednesday agreed to share N647.39 billion to federal, states and local governments as revenue generated in February.

The Minister of Finance, Kemi Adeosun, …
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Red Star Express Emerges First in Corporate Governance Rating in Logistics Industry
4 weeks ago

Red Star Express Emerges First in Corporate Governance Rating in Logistics Industry

One of Nigeria’s top logistics companies, Red Star Plc, has emerged the first in the logistics industry to get the Corporate Governance Rating as awarded by the Nigerian Stock Exchange(NSE) …
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Nigeria earns N3.8trn from crude oil and gas export in three months
4 weeks ago

Nigeria earns N3.8trn from crude oil and gas export in three months

A report released by the National Bureau of Statistics, NBS, has shown that Nigeria earned N3.738 trillion from the export of crude oil and petroleum products in three months, from …
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UBA declares profit before tax of N105.3 billion, sustains strong performance
4 weeks ago

UBA declares profit before tax of N105.3 billion, sustains strong performance

…Recommends N0.85 Total Final Dividend for the Year

United Bank for Africa Plc (UBA) has announced its audited results for the financial year ended December 31, 2017, showing significant growth …
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PaySend partner with Access Bank Nigeria to spreads the FinTech revolution in Africa
4 weeks ago

PaySend partner with Access Bank Nigeria to spreads the FinTech revolution in Africa

Card-to-card payments disrupter PaySend continues to bring a new generation of money transfers to the African market through its new partnership with Access Bank Nigeria.

PaySend’s rapidly expanding business now …
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