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Business

April, 2016

  • 1 April

    Fidelity Bank Posts N146.9bn Gross Earnings, Offers N4.6bn as Dividend Payout

    Fidelity logo

    Fidelity Bank Plc, one of the country’s most capitalised financial institutions, on Thursday said its gross earnings for the period ended December 31, 2015 grew to N146.9 billion from N136.1 billion recorded in 2014 Financial Year (FY). In the same vein, it promised shareholders N4.6 billion as dividend payout, thus maintaining  a tradition of consistent dividend pay-out for the past ...

March, 2016

  • 31 March

    Tony Elumelu Set For Keynote Addresses @ Harvard,Columbia Vasities

    Tony Elumelu, UBA

    Chairman of Heirs Holdings; Mr. Tony Elumelu would at the weekend engage with the academia, thought leaders and students in 2 of America’s prestigious universities; Harvard and Columbia on development strategies for Africa. The African Business leader, who is also Chairman of United Bank for Africa, will be delivering a keynote address at the 2016 edition of the annual Harvard ...

  • 31 March

    Uneasy Calmness In Shell Nigeria As Dutch Probes Malabu Deal

    Royal Dutch Shell yesterday said Dutch investigators visited its headquarters in the Hague over an investigation into a the controversial Nigerian offshore oil field located in oil prospecting licence (OPL) 245 retrieved from Malabu Oil over allegations of fraud in award of the oil block, and later sold to Shell and Eni. A Shell spokesman in Nigeria, Precious Okolobo,  confirmed ...

  • 30 March

    Buhari Under Pressure To Sack CBN Gov.

    Emefiele-and-Buhari

    A civil society organisation, the Advocacy for Societal Rights Advancement and Development Initiative, has reiterated its call for the removal of the Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, by President Muhammadu Buhari. The group, which had earlier called for Emefiele’s sacking, based its decision on the allegation of abuse of office and betrayal of public trust, which has ...

  • 30 March

    Diamond ,Skye Banks In Monumental Loss At NSE

    UZOMA-DOZIE

     Diamond Bank Plc and Skye Bank Plc led the N214bn loss recorded at the close of trading on the floor of the Nigerian Stock Exchange on Tuesday.To crown the top five losers category were Ashaka Cement Plc and Cement Company of Northern Nigeria Plc, that followed the top three losers. The NSE market capitalisation crashed to N8.694tn from N8.909tn, while ...

  • 30 March

    ‘Dangote Refinery ,The Only Solution To End Fuel Scarcity’

    The Dangote Group, which is currently building what it calls the world’s largest refinery, has given an assurance that when the plant comes on stream, it will put an end to the recurring fuel crises in the country. The Executive Director, Stakeholder Management and Corporate Communications, Dangote Group, Mr. Mansur Ahmed, said by the time the refinery was ready, Nigeria ...

  • 30 March

    Sterling Bank Rated 10th Globally,3rd In Africa,1st In Nigeria

      Lafferty Group, a global rating agency and a major provider of knowledge services to the banking industry, has rated Sterling Bank 10th in the world, top three in Africa and the top bank in Nigeria.  BANKING thrives on creativity and promotion of enterprise that build wealth for the people. For Sterling Bank, creative banking and entrepreneurship development are key ...

  • 30 March

    Fidelity Bank, LBS, NEPC Forge Alliance On Export Expansion Initiative

    Managing Director/Chief Executive Officer, Fidelity Bank Plc., Nnamdi Okonkwo; Chief Executive Officer, Nigerian Export Promotion Council, NEPC, Segun Awolowo and Representative of the Dean, Lagos Business School, Dr. Frank Ojadi at a joint press conference on Export Management Program aimed primarily at enhancing export readiness of micro small and medium scale enterprises, MSMEs in Nigeria which took place in Lagos

    As part of efforts to accelerate the diversification of Nigeria’s monolithic economy, Fidelity Bank Plc, one of the nation’s most capitalised financial institutions, Lagos Business School (LBS) and the Nigerian Export Promotion Council (NEPC) has entered into a tripartite agreement aimed at enhancing the export readiness of Micro Small and Medium Enterprises (MSMEs) through a robust capacity building initiative. Dubbed ...

  • 29 March

    Again, Zenith Bank Leads in Forex Allocation

    One of the nation’s biggest financial institution, Zenith Bank Plc has proved its word as a focused bank as it maintained its lead with the highest allocation of foreign exchange from the Central Bank of Nigeria (CBN), the returns on utilisation of forex published by banks. This is the second week the bank is leading other banks. Zenith Bank with ...

  • 29 March

    DANGOTE GROUP STORMS ENUGU TRADE FAIR, PROMISES POCKET FRIENDLY PRICES

    aliko dangote

    IN a strategic move to grow market share and expand customer reach more customers in the Southern part of the nation, companies under the Dangote Group are participating in the Enugu International Trade Fair which kicked off last week at the Trade Fair Complex, Golf Estate Enugu. Companies under the Group who are introducing either new and repackaged products to ...