Business

Forex •Importers abandon full coverage, go for clause ‘C’ insurance There are indications that the perennial crises in the Nigeria’s foreign exchange market have negatively impacted the projected growth in marine and shipping insurance business. Recent data has shown that the growth rate is far below what the industry operators …

BDC Operator Changing Naira For Dollar The current crash in the naira is raising doubts about the exclusion of Bureau De Change operators from the investors’ and Exporters’ foreign exchange window. As of the close of trade on Friday, the naira closed N777.8 at the I&E Window, While CBN weighted …

CBN Headquarters In Abuja Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Central Bank of Nigeria (CBN) over its failure to delete the patent provisions in the apex bank Customer Due Diligence Regulations directing banks to obtain information on customers’ social media handles for the purpose …

  President of Dangote Group, Aliko Dangote has been hailed as a foremost entrepreneur whose laudable interventions in the agricultural sector in Nigeria should be applauded and emulated by others. Many Nigerian University Vice Chancellors, under the auspices of Committee of Vice-Chancellors who were at the Dangote Fertiliser plant on …

Following a bullish run in the stock market in recent months, the Nigerian Exchange Limited (“NGX”) on Friday announced the reclassification of Fidelity Bank Plc. from small price stock to medium price stock.   A statement by the NGX said the reclassification became necessary because Fidelity Bank Plc. shares have …

Chairman of Dangote Group, Aliko Dangote Dangote Cement Plc has spent N41.15bn to repurchase shares belonging to shareholders of the company in its Tranche I of the share buy-back programme. Dangote said it repurchased 121,404,714 shares during the “Tranche I” of its share buy-back programme which lasted for two days …

In line with the provisions of the Petroleum Industry Act 2021, the Nigerian National Petroleum Company Limited has commenced the payment of dividend into the federation account. The NNPC Limited on Thursday begun the payment of interim dividend and PSC profit oil as part of the N907bn shared by the …

CASIO Middle East and Africa FZE, the regional subsidiary of CASIO Computer Co. Ltd, the leading education technology company, has received special recognition at the Lagos State Educational Conference 2023 for its outstanding contribution to the development of education in Lagos State. The recognition follows CASIO’s successful implementation of the …

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings PLC, is thrilled to announce the highly anticipated Reward4Saving Season 3 Promo launch. This campaign aims to sustain the savings culture cultivated amongst customers while providing them with enticing rewards.   Based on the tremendous success of the previous seasons which …

  FBN Holdings Plc, has reported a profit before tax of N206 billion for the half year ended June 30, 2023. FBNHoldings disclosed the figures in its second-quarter statement released yesterday on the Nigerian Exchange. The increase in second-quarter profits helped its half-year profit before tax to rise by 213% …