Business

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 …

As the summer break winds down, leading financial institution, Fidelity Bank Plc, has emphasised its devotion to help schools prepare adequately for the next session and deliver quality education.   Through its bespoke product known as the Fidelity Edu Loan, administrators of registered private primary, secondary and tertiary institutions in …

For the second year running, leading financial institution, Fidelity Bank Plc, has emerged the company with the highest earnings per share on the Nigerian Exchange Limited (NGX) based on half year financial figures. According to a report by BusinessDay, Fidelity Bank, Seplat Energy, Total Energies, Okomu oil, Presco, Dangote Cement, …