Business

Press release – Lagos, July 29, 2023 : Nestlé Nigeria PLC has announced a revenue of N 261.8 billion in the first half of 2023, an 17.7% increase compared to its performance in the same period of 2022. Gross profit is N 107.3 billion, an 34% increase over 80,205 earned …

WemaBank announces its unaudited results for Half Year ended 30th June 2023. The commercial bank achieved improved performance including Gross Earnings of ₦89.09bn, a y/y increase of 49% (H1 2022: ₦59.59bn). Interest Income up 53% y/y to ₦76.11bn (H1 2022: ₦49.75bn). Non-Interest Income up 32% y/y to ₦12.98bn (H1 2022: …

Adaora Umeoji Dr. Adaora Umeoji, has been reappointed by the board of Zenith Bank Plc as the lender’s deputy managing director. The announcement was made in a notice filed with the Nigerian Exchange Limited (NGX) on Friday. The re-engagement is effective August 2, 2023. The notice said that the Central …

  By Femi Aderotimi The historic payment of interim dividend by the Nigerian National Petroleum Company Limited into the Federation Account less than three months into the stoppage of payment for fuel subsidy by the Federal Government has proven that Mallam Mele Kyari, the Group Chief Executive Officer (GCEO) of …

African showbiz stars will take the centre stage on this weekend’s edition of the weekly television magazine, CNN African Voices Changemakers, sponsored by telecommunications service provider, Globacom. The guests on the 30-minutes magazine programme include the trio of Nigerian songwriter and record producer, Phillip Kayode Moses aka Pheelz; music sensation and songwriter, …

  UBA Offers Customers Unforgettable #Fun Summer Treat with ‘Fun Summer’   Africa’s Global Bank, United Bank for Africa (UBA) Plc has assured customers of a memorable summer treat with the recent launch of exclusive benefits and discounts tied to its cards during this period.   Tagged, the #FunSummer campaign, …

Second Pay Rise In 90 Days Africa’s Global Bank, United Bank for Africa (UBA) Plc, has reaffirmed its commitment to prioritise the welfare of its staff and their families reflecting the current economic realities and its impact on living conditions. To this end, the bank’s Board of Directors have announced the …

Seplat CEO, Roger Brown The legal battle between Seplat Energy PLC and its Nigerian minority shareholders may have forced the company to spend at least $19.4m on professional fees to defend its Chief Executive Officer, Roger Brown. Adding to Seplat’s injury is the naira depreciation resulting from the floating of the naira by …

This exclusive report x-rays the dirty dollar racketeering deals between Abdul Samad Rabiu, founder of BUA Group, and suspended Central Bank of Nigeria Governor, Godwin Emefiele. In what has been described by many as a season movie, the just suspended former Governor of Nigeria’s Apex Bank, Godwin Emefiele has been …

Management of Dangote Refinery have debunked a report published on the online platforms of some media organisations that the company employed 11,000 skilled workers from India while allegedly neglecting youths from Nigeria and other African countries. In his response, the Group Chief Branding & Communications Officer, Anthony Chiejina said the …