Business

Wema Bank Plc, Nigeria’s most innovative bank, has delivered a stellar fourth quarter 2022 performance and continues its evolution into an unrivalled market leader and efficient bank. According to a press statement issued by the bank in respect of its audited financial results for the period ended December 31, 2022, …

Shell Petroleum Development Company Nigeria Limited, TechnoOil Group, Schlumberger and other international and indigenous oil and gas companies emerged winners at the sixth edition of the Nigeria International Energy Summit (NIES 2023) Industry Awards. The annual prestigious NIES Energy Industry Awards is bestowed on individuals and organizations that cemented its …

Nigeria’s commercial banking, insurance, and telecommunications sectors have maintained excellent media interactions, marketing, and awareness since the start of 2023 despite the earlier scarcity of the naira and its effect on business. These were further enhanced by the remarkable data it gave the media in the first quarter of the …

Emirates has revealed multiple ways its passengers can ensure a smooth and swift travel experience  as UAE residents gear up for the first long weekend of the year, in celebration of Eid Al Fitr, Envisaging a busy period for outbound travel from Dubai from 20 April onwards, the Airlines has …

  Ahead of Nigeria’s anticipated political transition, with president-elect Bola Tinubu’s inauguration scheduled for 29 May, speculation is mounting over the fate of Polaris Bank Limited, as the incoming helmsman, is said to be gearing up to reverse its ‘controversial sale. Recall that Polaris Bank was nationalised in September 2018 …

The third annual Africa.com Definitive List of Women Chief Executive Officers (CEOs) was revealed on April 19. Nneka Onyeali-Ikpe, Managing Director/CEO, Fidelity Bank Plc and Miriam Chidiebele Olusanya, Managing Director, Guaranty Trust Bank made the top 10 list. Both companies are listed on the Nigerian Exchange Limited (NGX). The list …

The Central Bank of Nigeria (CBN) has fined Union Bank of Nigeria (UBN) Plc for breaching its regulation on cryptocurrency trading in the country. Union Bank was fined N200 million by the financial regulation for breaching the cryptocurrency regulation, Ripples Nigeria learnt on Wednesday. Recall that the central bank warned …

Bags of rice. File photo Rising insecurity in the country, import ban and others factors have caused the price of one kilogramme of local rice to rise by 201.52 per cent in seven years, according to findings. This happened despite a multibillion naira funding support of the Central Bank of …

Despite strong economic headwinds, leading indigenous property management, investment, and development company, Afriland Properties Plc has reported an upward trend for the financial year ending 31st December 2022. The real-estate firm reported a 19% increase in revenue declaring a total revenue of N1.9billion from the total revenue of N1.6billion earned during …

World Bank building The World Bank has disclosed that Nigeria’s constant fiscal deficit has worsened the nation’s public debt stock, with 96.3 per cent of government revenue spent on servicing debt in 2022. This was according to the Macro Poverty Outlook for Nigeria: April 2023 brief released by the bank. …