BUSINESS Archives - Page 29 of 162

Transcorp Group CEO, Owen Omogiafo Unveils New Strategic Vision for Nigeria’s Largest Listed Conglomerate

May 4, 2020May 4, 2020Ayo Olowo

Shareholders of Transnational Corporation of Nigeria Plc (Transcorp) have congratulated the Board and management for the resilient performance achieved in 2019, despite the challenging environment. They welcomed the diversified earnings provided by the Group, Nigeria’s leading listed conglomerate, the largest power generator in Nigeria, operator of sub-Saharan Africa’s largest hotel and a growing natural resources […]

Buhari: We will ensure that no employer retrench workers without going through due process

May 1, 2020May 1, 2020Ayo Olowo

President Muhammadu Buhari has again assured that his administration will ensure that no employer would retrench or lay off workers due to effects of Coronavirus (COVID-19) without going through due process of social dialogue. Mr Femi Adesina, the President’s spokesman in a statement in Abuja on Friday, said Buhari gave the assurance in a message […]

UBA delivers impressive RoI, as shareholders applaud bank’s support in fight against COVID-19

April 30, 2020April 30, 2020Ayo Olowo

Leading African financial institution, United Bank for Africa Plc (UBA) held its Annual General Meeting virtually by proxy on Wednesday, April 29, 2020 – a first in UBA’s seventy-one year history. The meeting, which had in attendance shareholders, management and staff members, together with representatives of relevant regulatory bodies, was held using an Online Meetings […]

Nigeria’s $3.4bn Loan Request: IMF set to meet for review on Tuesday

April 26, 2020April 26, 2020Eben Tanimola

The International Monetary Fund (IMF) is expected to meet on recommendation for the approval of $3.4 billion in emergency funding for Nigeria as part of measures to cushion the impact of COVID-19 on the nation’s economy. According to Bloomberg, the IMF Executive Board will meet on Tuesday next week to review the request. The loan, […]

Q1 2020 Result: UBA records impressive N32.7bn profit despite business upset

April 24, 2020April 24, 2020Ayo Olowo

Pan African financial institution, United Bank for Africa Group (UBA) Plc has released its unaudited results for the first quarter ended March 31st, 2020, showing double-digit improvement across all its major income lines. The bank leveraged on modest growth in both interest and non-interest income as well as increased efficiency to deliver an impressive 8.5 […]

GTBank releases 2020 Q1 unaudited results, reports ₦58.2b PBT

April 24, 2020April 24, 2020Eben Tanimola

Guaranty Trust Bank (GTBank) plc has released its unaudited financial results for the period ended March 31, 2020 to the Nigerian and London Stock Exchanges. A review of the results shows positive performance across all financial indices, reaffirming the Bank’s position as one of the most profitable and well managed financial institutions in Nigeria. Profit […]

Oil price rise amidst US-Iran tension

April 24, 2020April 24, 2020Ayo Olowo

The price of oil made a remarkable comeback on Thursday, after fresh US-Iran tensions erupted. The development also helped equities advance, after US labour market figures provided a glimmer of hope for the world’s top economy. At one point, the US crude oil benchmark, WTI, was up by 20 percent on the day, having earlier […]

ALLOCATION: FG, States, LGAs share N781bn for March

April 23, 2020April 23, 2020Ayo Olowo

The Federal, States and Local Governments has N780.926 billion revenue as allocation for March 2020. This was disclosed in a statement by the Director, Information, Press and Public Relations, Henshaw Ogubike, after a virtual Federation Accounts Allocation Committee (FAAC) meeting with the 36 state commissioners of finance, revenue generating agencies and officials of the federal […]

Inflation rise to 12.26% in Nigeria – NBS

April 21, 2020April 21, 2020Eben Tanimola

Inflation rose in March in Nigeria to its highest level in 23 months, data released by the National Bureau of Statistics (NBS) on Tuesday has shown. Nigeria’s annual inflation rose for a seventh straight month, as border closures and lockdown of the country occassioned by the coronavirus pandemic pushed prices higher. The bureau’s Consumer Price […]

US Oil Price Collapses To $0.01/Barrel

April 20, 2020April 20, 2020Ayo Olowo

The US benchmark crude oil price collapsed on Monday, falling to one cent a barrel amid an epic supply glut caused largely by the coronavirus pandemic’s hit to demand. After beating the record low multiple times, West Texas Intermediate (WTI) for May delivery continued to sink to the unheard of price of a penny a […]

Category: BUSINESS

Transcorp Group CEO, Owen Omogiafo Unveils New Strategic Vision for Nigeria’s Largest Listed Conglomerate

Buhari: We will ensure that no employer retrench workers without going through due process

UBA delivers impressive RoI, as shareholders applaud bank’s support in fight against COVID-19

Nigeria’s $3.4bn Loan Request: IMF set to meet for review on Tuesday

Q1 2020 Result: UBA records impressive N32.7bn profit despite business upset

GTBank releases 2020 Q1 unaudited results, reports ₦58.2b PBT

Oil price rise amidst US-Iran tension

ALLOCATION: FG, States, LGAs share N781bn for March

Inflation rise to 12.26% in Nigeria – NBS

US Oil Price Collapses To $0.01/Barrel

BREAKING NEWS: Adeleke declared winner of Osun governorship election

JAPA! Canada Considers Major Overhaul of Immigration System, Proposes New Pathways for Global Talent

Tinubu orders EFCC to vacate the court order freezing Osun government accounts

GTCO Announces 16th Autism Conference and Free Consultation Themed “Acceptance in Action: From Family to Classroom to Workplace to Public Spaces”

GTBank Wins Nigeria’s Best Digital Bank Award at the Euromoney Awards for Excellence 2026

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