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NNPC announces N37.5bn trading surplus
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced a trading surplus of ₦37.50 billion for the month of September 2021. This represents a 352% increase from the ₦8.29 billion surplus in August…
NCC sets to deploy 5G network in Nigeria
The Nigerian Communication Commission (NCC) is on the verge of deploying the Fifth Generation (5G) network in Nigeria. Already, spectrum licenses for the companies that will rollout services have been issued.…
Sanwo-Olu raises Lagos Employment Trust Fund support by 100 percent
Lagos State Governor, Babajide Sanwo-Olu, on Thursday, announced a 100 per cent increment in capital subvention to the Lagos State Employment Trust Fund (LSETF). The Governor doubled the agency’s subvention in a move to…
FCMB Appoints Obaro As Executive Director
First City Monument Bank (FCMB) Thursday announced the appointment of Obaro Odeghe as Executive Director, Wholesale Banking following the approval of the Central Bank of Nigeria (CBN). In this role, Obaro will focus on…
FCMB TRUSTEES INTRODUCES E-WILL
As a major player in the Trustees business, FCMB Trustees Limited has launched e-Wills, an automated system that makes the process of writing of Wills…
FG charges Dangote Cement tax of N173.93bn for 2021; paid N97.24 billion tax in 2020
Dangote Cement Plc has sustained its position as a leading contributor to Nigeria’s economy with a tax charge of N173.93 billion for the…
BREAKING: Customs Suspends Implementation Of VIN Valuation Policy
The management of the Nigeria Customs Service (NCS) has suspended the Vehicle Identification Number (VIN), valuation policy recently…
Trouble As Sex Scandal Hits MTN Nigeria
There is trouble in MTN Nigeria as sex scandal has rocked the gobal telecommunication company. The female employees of the company in Nigeria have…
MTN offers free calls, text messages to/from Ukraine
MTN says it will be offering free international calls and SMS to all existing prepaid and postpaid customers in response to Russia’s invasion of Ukraine. The company made this known in a statement on Thursday. MTN said…
System failure cost nation’s economy about N640m in 2 days
Nigeria’s economy may have recorded about N640 million loss to the breakdown of the information technology system used by the Nigeria Customs Service, NCS, for cargo clearance at the ports. The platform used by the…
Ukraine: Prices surge toward $120 per barrel on OPEC decisions
The prices of many crudes, yesterday, surged toward $120 per barrel on the decisions of the Organisation of Petroleum Exporting Countries, OPEC. This came as many buyers decided to shun Russian crudes, amid concerns…
Pencom approves acquisition of pension operators by GTCO, FCMB
The National Pension Commission on Wednesday announced the approval of the request for the merger and acquisition of some operators in the pension industry. The Commission said it approved the acquisition of Investment…
Fidelity Bank to Celebrate Women, launches new Proposition at International Women’s Day event
To commemorate International Women's Day 2022, foremost financial institution, Fidelity Bank Plc, has announced plans to celebrate leading women…
Visa, Mastercard block Russian financial institutions
US. payment card firms Visa Inc and Mastercard Inc have blocked multiple Russian financial institutions from their network, complying with government sanctions imposed over Moscow’s invasion of Ukraine. Visa said on…
Dangote Cement’s commitment to climate change yields dividend
… Proposes dividend of ₦20.00 per share Dangote Cement’s commitment to environmental disclosures and sustainability is yielding…
BREAKING: Maersk suspends all container shipping to/from Russia
Maersk, the world’s largest container shipping line, says it will suspend deliveries to and from Russia owing to the sanctions imposed against the country after its invasion of Ukraine. The company announced this in…
Airbnb to provide free housing for 100,000 Ukrainian refugees
Airbnb, a home rental company, says it is offering free short-term housing to 100,000 Ukrainian refugees fleeing the Russian invasion of their country. The Russian invasion of Ukraine entered Day 5 today with no signs…
Halima Dangote appointed non-executive director of Dangote Cement
Dangote Cement Plc has appointed Halima Aliko Dangote as a non-executive director. Edward Imoedemhe, deputy company secretary of Dangote Cement, said this in a statement issued on Monday. Imoedemhe said the…
MTN Emerges First African Company To Make Metaverse Investment
MTN Group Monday announced that it has bought a digital land in a South African originated Metaverse, Africarare. The Group, owner of its…
Nigeria’s ₦993.38 Billion Imports From Russia At Risk Over War
The value of Russia’s imports to Nigeria over 12 months period is estimated at N993.38bn, data from the National Bureau of Statistics have shown.…
Customs To Engage Stakeholders On VIN Valuation
Nigeria Customs Service (NCS) has decided to engage stakeholders over the introduced Vehicle Identity Number (VIN) valuation at the seaports. The…
Zenith Bank Records N244.5bn Profit
Zenith Bank Plc has released its 2021 full-year audited financial statement reporting a profit after tax of N244.5 billion, the highest on record, reflecting a 6.07%…
Distributors, competitors responsible for high cement prices – BUA Group
Abdul Samad Rabiu, chairman of BUA Group, says middlemen and other manufacturers of cement are responsible for the high cost of the product in the country. Rabiu…
Gazprom, Rosneft Shares Tumble, but the Energy Giants Are Putin’s Safety Net
Russia’s monetary system was below siege Monday, however the nation continues to be pumping and exporting huge quantities of oil and pure gasoline to the remainder of…