Business

DIRISU YAKUBU examines some of the ministers that will determine the performance of President Bola Tinubu in the next four years It is a difficult time to be a Nigerian. Living in a Hobbesian fictional world, where everything seems nasty, brutish and short, particularly in the turbulent eight years of Muhammadu Buhari’s …

R-L: Bola Tinubu and Mele Kyari Africa’s biggest oil producer will likely pocket over $4.43bn in September as the Nigerian National Petroleum Company Ltd begins pumping 1.67 million barrels of crude oil into the market. Nigeria, which is the continent’s top oil producer recorded an average daily oil production of …

Dangote Cement Plc, a subsidiary of Dangote Industries Limited, (DIL), paid a total of N412.9 billion into the coffers of the Federal Government as tax for 3 consecutive years. A total of N97.24 billion was paid by Dangote Cement in 2020, N173.93 billion in 2021 and N141.69 billion in 2022. …

Leading total telecommunications solutions provider, Globacom, has announced the sponsorship of this year’s edition of Ofala Festival scheduled to hold at Ime Obi, Onitsha, Anambra State, from October 14 to 15, 2023. The annual event is a customary obligation performed by His Royal Majesty, Igwe Nnaemeka Achebe, the Obi of Onitsha. The …

Emirates, the world’s largest International Airline, marks one of its busiest summers ever, carrying over 14 million passengers with average seat load factors exceeding 80% across its global network between June and August. Looking at the coming months, Emirates’ booking trends show unabated demand for international travel across its network. …

Guaranty Trust Holdings Company Plc has slashed the number of years a Non-Executive Director (NED) and Independent Non-Executive Director (INED) will serve on its board to six years, the bank revealed in its audited financial statement. The move was in compliance with the recent tenure adjustment for bank executives and …

Africa’s Global Bank, United Bank for Africa (UBA) Plc is proud to announce its highly anticipated “Back2School” package, designed to provide exclusive discounts and benefits for both children and their parents. As the new school session kicks off, UBA continues to fulfil its commitment to fostering a seamless educational journey …

The report of the investigation into the alleged misappropriation of funds by the Director General of the National Pension Commission (PenCom), Aisha Dahiru-Umar, conducted by the Coalition of Civil Society Organisations in Nigeria has absolved the PenCom boss of any wrongdoings. The preliminary report of the investigation revealed that Dahiru …

Tinubu with Elumelu Tony Elumelu, chairman of the United Bank for Africa (UBA), had lauded President Bola Tinubu for his policy initiatives since taking office, stressing that the private sector is “encouraged” by the reforms. Speaking with State House journalists after meeting with the president on Tuesday, Elumelu expressed optimism that …

Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has released its audited financial results for the first half of 2023, showcasing a remarkable surge in profitability and key financial metrics. In the first half of 2023, Stanbic IBTC recorded Profit Before Tax (PBT) of ₦82.99 billion, up 108% from …