Business

  Shareholders to receive about N717m dividend ABUJA, NIGERIA – February 28, 2022 – Transcorp Hotels Plc has announced its Audited Financial Statements for the full year ended December 31, 2021. The results published on the Nigerian Group Exchange showed a 114% growth in Revenue to N21.74bn from N10.16bn as of December 2020, while Gross Profit rose by 143 % to N16.23bn from …

… Proposes dividend of ₦20.00 per share Dangote Cement’s commitment to environmental disclosures and sustainability is yielding the desired results with Carbon Disclosure Project (CDP) raising its rating from C to B- even as it proposes a dividend of ₦20.00 per share in the year ended December 31, 2021. The CDP …

Stanbic IBTC Stockbrokers Limited, a subsidiary of Stanbic IBTC Holdings PLC, has introduced the Stanbic IBTC Stockbroking Zero Account Opening campaign to help drive local participation in the capital market. The campaign, the company said, is targeted at removing the limitations to equity investment and providing investment opportunities that would …

Zenith Bank Plc has announced an impressive result for the year ended December 31, 2021, recording a double-digit growth of 10% in gross earnings which rose to N765.6 billion from N696.5 billion reported in the previous year. This is despite a challenging macroeconomic environment aggravated by the coronavirus (COVID-19) pandemic. …

In Africa, e-commerce is developing and gaining acceptability. However, the rate of adoption is equivalent to just 5% of the market. This leaves a lot of ground to be covered to properly explore the industry’s untapped potential. Industry expert and chairwoman of Jumia Nigeria, Juliet Anammah, while speaking on the …

In alignment with its strategic vision of building Africa’s first diverse business ecosystem, industry-agnostic investment company, VFD Group Plc, has recently acquired a 5% stake in the Nigerian Exchange Group (NGX) – making VFD Group one of its majority shareholders. The NGX Group Plc is a leading integrated market infrastructure …

With spell binding musical performances from Johnny Drille, Chike and Fave as well as interesting games, The Euphoria lived up to its billing as a major A-class event in Nigeria’s entertainment schedule in 2022. Hosted by leading Nigerian bank, Fidelity Bank Plc in commemoration of the Valentine’s season on Saturday, …

After weeks of teasing fans on social media, NdaniTV is set to release a brand-new web series titled, Love Like This. Posters and a preview of the series can be seen on the production company’s Instagram page @NdaniTV. Love Like This is a romantic drama series that follows the lives …

EFCC grills Sterling Bank CEO, Abubakar Suleiman, over N20bn ‘Kogi fund’ Sterling Bank CEO, Abubakar Suleiman The Economic and Financial Crimes Commission, EFCC, has grilled Abubakar Suleiman, the chief executive officer of Sterling Bank Plc and two other top officials of the lender over the controversial ‘hidden’ N20 billion said …

AIM Consultants Limited and its managing director, Amin Moussalli, have been sanctioned by the World Bank for alleged corrupt practices. The firm, which was involved in the Nigeria Erosion and Watershed Management Project, was sanctioned for 52 months for improper payment of N12.95m to certain projects officials. This was contained in …