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. Kachikwu disclosed this while speaking at a Liquefied Petroleum Gas workshop organised by the Federal Ministry of Petroleum Resources in Abuja on Thursday. The Nigerian […]
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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 Stock Exchange. The companies informed stakeholders that they were not able to file their 2017 audited financial statements by March 31, 2018 as required under […]
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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) reports that after three-consecutive days of negative trading, activities on the exchange rebounded to close for Easter holidays with a growth of 1.72 per cent. […]
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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 its work force, representing about 17% of total staff strength across the group. This is in recognition of the remarkable contribution the staff members have […]
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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 lawmakers, were introduced for first reading on Wednesday, March 21. The bills are: An act to provide for the Ajaokuta Steel Company completion fund and […]
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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, said this in Abuja, while briefing journalists on the outcome of the monthly FAAC meeting. She said after deductions for cost of collections had been […]
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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) and the Convention on Business Integrity (CBi). The duo of NSE and CBi awarded this rating to about thirty-three (33) companies and Four Hundred and […]
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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 October to December 2017. The NBS, in its Foreign Trade Statistics for the Fourth Quarter of 2018, stated that petroleum products export accounted for 95.58 […]
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…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 in the contribution and market share from its pan-African subsidiaries, among other positive trends in the financial performance. The pan-African financial institution’s audited results showed […]
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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 operates in more than 60 countries and it is looking to boost its presence across Africa. Ronald Millar, CEO of PaySend, said: “We are delighted […]
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