Business

 Felix Onajite  The management of Ecobank on Tuesday said the fire incident at its head office in Victoria Island on the early hours of Tuesday (today) didn’t affect any major equipment and document as speculated on social media. The bank in a statement made available to THE WITNESS said the …

FBN Holdings Plc (FBNHoldings) says its profit margin increased by 13.7 percent year on year (y-o-y) for the half year ended June 2018, “despite high inflationary environment”. This is contained in the group’s unaudited results, which were largely positive for the period under review. According to the results, profit after …

ABUJA, NIGERIA, 24th July 2018 The pride and pearl of the Nigerian Hospitality Industry, Transcorp Hotels Plc. (“Transcorp Hotels”) has announced its Unaudited Financial Statements for the period ended June 30, 2018. The company showed significant growth over same period last year recording a turnover of N8.01billion, Profit Before Tax of N2.02billion and Earning …

  …Vows to raise entrepreneurs for nation building   Leading businessman and Chairman of Aliko Dangote Foundation, Alhaji Aliko Dangote has challenged the government to muster the will to provide critical infrastructure that will make the nation’s environment conducive to commerce and industry.   Dangote made this appeal while delivering …

  …As Bank Chief Bags Banking CEO of the Year Award Fastest growing financial institution in Nigeria, Keystone Bank Limited, has once again added to its growing list of laurels as the lender recently emerged ‘Africa’s Most Innovative Bank of the Year, 2018’ at the prestigious European Global Banking & …

The Senate on Wednesday approved the payment of 348 billion outstanding subsidy claims to 74 petroleum marketers in the country. This helped Oando’s share price spike to the top of the gainer’s table on Thursday. The approval followed the adoption of the interim report of the committee on petroleum downstream …

In line with its commitment to ‘building a financially savvy generation, the Nigerian Stock Exchange has announced the commencement of the 2018 edition of NSE Essay Competition for students in Senior Secondary Schools in all states of the Federation. According to the NSE, the topic for this year’s edition, “Discuss …

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…. employs 27,952 Nigerians in 2017 Group Chief Executive Officer of Dangote Cement, Joe Makoju has revealed that the company has invested a whopping $3B to build manufacturing plants and import/grinding terminals across Africa. The company’s operations, according to Makoju are in Cameroon (1.5Mta clinker grinding), Congo (1.5Mta), Ghana (1.5Mta import), …

Leading financial institution in Nigeria, Fidelity Bank Plc has reacted a recent protest by some ex-staff of the bank. In a statement signed by Mr. Charles Aigbe, Divisional Head, Brand & Communication of Fidelity Bank and made available to The Witness, the lender said that few disengaged drivers of their …