Business

A company, Tripple C Motors Nigeria Ltd, has sued Pagmat Oil and Gas Nig. Ltd, Prudential Steps Savings & Loan and a popular bank over allegations bordering on N86 million car supply deal. A writ of summons issued by the company’s lawyer, Ojonimi Apeh, against the defendants was filed pursuant …

The Transmission Company of Nigeria (TCN) says effective May 1, it will reconnect Aba Electricity and two other Distribution Companies (Discos) earlier disconnected from the national grid due to non-compliance with market rules. The TCN had fortnight ago disconnected power supply in Aba, the commercial hub of Abia State through …

By Obiora Peters Contrary to a report by an online medium of an alleged corrupt and unethical practices by officials of the National Petroleum Investment Management Services (NAPIMS) over bidding for Government Security Agencies (GSA) CW 502377 within the Oil and Gas pipeline within Delta, Rivers and Bayelsa states, findings …

Indofood, the maker of the popular Indomie instant noodles, has come under scrutiny after its products were banned in Taiwan and Malaysia due to an increased cancer risk. It was reported that Health officials in both countries discovered the presence of ethylene oxide, a cancer-causing chemical, in the “special chicken” …

Lagos, Nigeria – Wema Bank, a leading Nigerian financial institution renowned for its innovative banking solutions and Africa’s first fully digital bank, is set to commemorate its 78th and 6th anniversary with a bang. The week-long celebration, which commences on May 1st, 2023, promises an array of exhilarating activities and …

Fidelity Bank Plc has released its audited financial statements (AFS) for the year ended December 31, 2022 which showed the bank’s impressive growth across key top-to-bottom line figures. The full year 2022 scorecard The bank’s financial results released to the investing public at the Nigeria Exchange Limited (NGX) show its …

Zenith Bank Plc has announced its unaudited results for the first quarter ending 31st March 2023, with an exceptional double-digit growth of 41% in Gross Earnings, increasing from ₦191.5 billion in Q1 2022 to ₦270 billion in Q1 2023. The unaudited statement of account submitted to the Nigerian Exchange (NGX) …

Stanbic IBTC Holdings, a member of Standard Bank Group has shared some of its latest findings from the Africa Trade Barometer Report 2022 released recently. The report, which assesses key economic indicators in Africa highlights several noteworthy developments across 10 African countries. According to the report, Nigeria is placed eighth …

Shareholders of United Bank for Africa (UBA) Plc have approved the Board’s proposal to pay a dividend of N1.10 per share for the financial year ended December 31, 2022. The shareholders gave their approval at the bank’s 61st Annual General Meeting (AGM) which was held virtually on Thursday, April 27th. The …

Aggrieved staffers sue bank, move to cripple its operations nationwide For Polaris Bank Limited, it’s a story of one day, one trouble as the bank, which is currently being troubled over its controversial sale, is in the news again for the wrong reasons. It was reported that ahead of Nigeria’s …