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Dangote Cement Reports N126.1bn Profit Despite Covid-19
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Dangote cement reported after tax profits of N126.1 billion in the six months’ period ending June 2020, despite the economic slowdown from lockdowns due...
Stanbic IBTC Holdings to Establish Life Insurance Subsidiary
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Stanbic IBTC Holdings Plc has announced that it has commenced the process of seeking Regulatory approvals to establish a wholly-owned Life Insurance subsidiary to...
Brent Climbs to Four-Month High of $44 on Recovery Hopes
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Brent futures are trading at $44.52 a barrel for the first time since early March when a meeting between OPEC and its allies broke...
Jaiz Bank Profit up 43% to N1.17bn in Half Year
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Jaiz Bank Plc, a Nigerian lender operating under Islamic banking principles has released Half Year (H1), 2020 results showing a 43 percent increase in...
NSIA, Military Receive $941 million in Nigeria’s Excess Crude Bonanza
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In the 18-month time period between July 2018 and December 2019 a total of $1.54 billion flowed into Nigeria’s Excess Crude Account (ECA).
In the...
Unilever Books First Loss in 5 Years as Coronavirus Hits Sales
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Unilever Nigeria Plc slid to a N519.33 million loss in the second quarter after sales fell because of restriction on credit sales and loss...
Nigeria’s Excess Crude Account Balance Depletes to $324m in December
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The balance in the excess Crude Account (ECA) where Nigeria pays the difference between its budgeted benchmark oil price and actual receipts fell to...
Buhari sends 2021-2023 Medium Term Expenditure Framework to Legislators
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President Muhammadu Buhari has sent the 2021-2023 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) to the National Assembly.
Speaker of the House of...
Access Bank Concludes Acquisition of Transnational Bank Kenya
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Access Bank in a statement said today that it had successfully completed the acquisition of Transnational Bank Kenya.
The tier-one Nigerian lender said this followed...
PFAs Increase Exposure to Equities Marginally in May
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Pension Fund Administrators (PFAs) increased their exposure to domestic ordinary shares in the month of March, according to the latest data from the National...