…Continental lending institution expected to approve decision in October By Ayo Fadimu In an unprecedented move to spur the entertainment, creativity and technology sectors in the country, the Buhari administration has now commenced the process that will pump the sectors…
Despite the adverse effect of the COVID-19 pandemic, Sterling Bank Plc, a full service national commercial bank, has reported a Profit Before Tax (PBT) of N12.4 billion. The lender reported the Profit Before Tax on gross earnings of N138.9 billion…
By Kayode Tokede Dangote Cement Plc reported 2020 result and accounts with significant increase in revenue amid the COVID-19 and drop in finance cost that impacted positively on profits. The cement manufacturing company defied the pandemic by printing impressive topline…
Small and Medium Enterprises (SMEs) in Nigeria have contributed about 50 per cent of the country s Gross Domestic Product (GDP) and accounted for over 80 per cent of employment, Minister of State for Industry, Trade and Investment, Amb. Mariam…
United Bank for Africa Plc has carved a niche for itself and continues to stand out as the leading Pan-African financial institution, consistent in introducing numerous first rate innovative products with customer satisfaction in mind. To this end, the bank…
UAC of Nigeria Plc has reported N3.93billion profit in 2020 audited results for period ended December 31, 2020 from a loss of N9.3billion reported in 2019. The company’s reported profit before tax of N5.12billion in 2020, 31 per cent decline…
Power generation companies were not paid 59.17 per cent of the invoice issued last year for the electricity produced and fed into the national grid. The government-owned Nigerian Bulk Electricity Trading Plc buys electricity in bulk from generation companies through…
The Nigerian Society of Engineers (NSE) on Friday called on the Federal Government to sustain its railway development network beyond the Niger Republic. Mr Olutosin Ogunmola, the NSE, Ikeja Branch Chairman said in an interview with the News Agency of…
The Nigerian Stocks Exchange (NSE) market capitalisation which represents the market value of all listed companies lost N628 billion in the first quarter of the year. It will be recalled that the local bourse spent most of 2020 on a…
The Securities and Exchange Commission (SEC) has warned potential capital market investors against putting their funds in fraudulent investment schemes that promise unreasonably high returns that cannot be justified. The capital market regulator also outlined some of the tactics used…
