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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 …

The Nigeria Labour Congress (NLC) has said it would picket all Central Bank of Nigeria (CBN) offices nationwide on March 29, following the continued cash crunch. Joe Ajaero, the NLC President, said this in Abuja on Wednesday, while addressing newsmen at the end of the Congress’s Central Working Committee (CWC) …

  In an apparent move to avert a scenario that played out between Tony Elumelu and Femi Otedola over Transnational Corporation’s ownership, Access Bank Holdings Plc Chairman, Herbert Wigwe, has rushed for more shares in the corporation. Access said on Friday that Wigwe has secured additional 567,594,142 shares at N10 …

The controversies over the 2023 National Population and Housing Census scheduled for between May 3 and May 7 was brought to an end on Saturday with the approval of postponement of the exercise by President Muhammadu Buhari. The Census has been dogged by controversies bordering on the preparedness of the …

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 …