Business

  Nigeria Communications Plc reported a loss after tax of $519.1 billion for the first half of 2024, due to record-high inflation and a weaker naira. This disclosure was made in its financial results for the period ending June 2024, according to an e-copy of the report obtained by The …

……Expresses Gratitude For Strong Partnership With NNPC The Group Chief Strategy Officer, Dangote Refinery and Petrochemicals Company, Aliyu Suleiman, has said that 60 per cent of the crude supplied to the refinery was done by the Nigerian National Petroleum Company Ltd. He said this on Wednesday during am interactive session …

P+ Measurement Services, Nigeria’s leading media intelligence consultancy, recently conducted a comprehensive media performance audit on the largest drawing in the world by an individual, created by Fola David. His remarkable 1,000 square meter sketch, titled “Unity in Diversity,” surpassed the previous record of 629.8 square meters set by India’s …

Stanbic IBTC Holdings, a member of Standard Bank Group and a leading end-to-end financial institution in Nigeria, has reaffirmed its commitment to supporting women by empowering and nurturing their growth. During the inaugural Bloom Weekend event held recently at Landmark Event Centre, Victoria Island, Lagos, the company demonstrated its dedication to supporting women-owned enterprises by …

Credit Direct Finance Company Limited (Credit Direct), the consumer finance arm of FCMB Group Plc and one of Nigeria’s leading digital-first non-bank financial services providers, has recently received an upgrade to its credit rating from Agusto & Co. to BBB+. According to Agusto & Co., “The upgrade reflects Credit Direct’s …

We are pleased to announce that the Central Bank of Nigeria has approved the merger between Providus Bank Limited and Unity Bank Plc, marking a significant milestone in the evolution of our respective institutions. This merger represents a strategic and complementary union that will leverage the strengths of both banks …

In a groundbreaking endeavour, a 14-year-old Nigerian art sensation, Kanyeyachukwu Tagbo-Okeke (Kanye) is attempting to set a new GUINNESS WORLD RECORDS™ for the largest artwork on canvas, measuring 10,000 square feet. The current world record is by an artist in Qatar, which measures 9,652 square meters. The project, titled “Impossibility …

·       strong earnings prospects from the new refinery GCR Ratings (GCR) has affirmed the national scale long-term and short-term issuer ratings of AA+(NG) and A1+(NG) respectively accorded to Dangote Industries Limited (DIL). GCR in its recent report also affirmed the national scale long-term issue rating of AA+(NG) accorded to each of …

FirstBank, the West African premier financial institution and financial inclusion services provider has emerged the winner of the prestigious Euromoney Award for Nigeria’s Best Bank in Environmental, Social, and Governance (ESG), reinforcing its position as a leader in sustainable banking and finance practices in its 130 years of existence. Following …

Nestlé Nigeria underscored its commitment to youth empowerment and skill development at the recent graduation ceremony of ten young trainees from its Technical Training Centre (TTC) in Agbara.   Since the program’s inception in 2011, the company has invested over six billion naira in upskilling young Nigerians, demonstrating its dedication …