Category: Economy

Union Bank Wins Global Finance Award For Best SME Bank    
October 28, 2022 No Responses

Union Bank Wins Global Finance Award For Best SME Bank    

Union Bank of Nigeria has been named as the Best Small and Medium Enterprises (SME) bank in Nigeria by Global Finance – a leading financial international publication, in its second annual 2023 SME Bank Awards.   A statement sent to...
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Edo Concessions Okomu South, Gele-Gele Forest Reserves
October 28, 2022 No Responses

Edo Concessions Okomu South, Gele-Gele Forest Reserves

The Edo State Government has signed a 30-year conservation/eco-tourism concession with Africa Nature Investors (ANI) Foundation as part of measures to protect endangered forest elephants, white-throated monkeys and the farming population, among others in the O...
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Q3: Unity Bank Declares N2.2b Profit  
October 28, 2022 No Responses

Q3: Unity Bank Declares N2.2b Profit  

Unity Bank Plc has declared a N2.2 billion profit for the nine-month period ended September 30, 2022, with 17% growth in gross earnings to N42.2 billion for the same period, as against N36.2 billion in the corresponding period of 2021....
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TotalEnergies Attains $9.9b Income In Q3  
October 28, 2022 No Responses

TotalEnergies Attains $9.9b Income In Q3  

French-headquartered energy giant TotalEnergies has strengthened its balance sheet and doubled its profit in the third quarter  (Q3) of 2022 on a year-on-year basis, driven by its LNG business and higher gas prices due to the Ukraine crisis. &nb...
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Sterling Bank Highlights Opportunities In Agric Sector  
October 28, 2022 No Responses

Sterling Bank Highlights Opportunities In Agric Sector  

There are massive opportunities in the agricultural sector of the Nigerian economy for those who are prepared to work hard with a clear vision and commitment, Chairman, Board of Directors, Sterling Bank, Asue Ighodalo has said.    Ighodalo made the.....
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Emefiele To Risks Managers: Remain Vigilant, Deal With Complex Risks
October 28, 2022 No Responses

Emefiele To Risks Managers: Remain Vigilant, Deal With Complex Risks

Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has urged risks managers to be vigilant in order to deal with the complex risks the country is currently facing.   Emefiele gave the advice at the 2nd National Risk Management Conference,.....
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FBN Holdings Declares N91.2b Profit In Q3  
October 28, 2022 No Responses

FBN Holdings Declares N91.2b Profit In Q3  

For the third quarter ended September 30, 2021, FBN Holdings (FBNH) Plc has declared a profit after tax (PAT) of N91.2 billion, amounting to a growth of 123.6 per cent when compared with N40.8 billion achieved in the comparative period of...
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Grimaldi Secures Order For Five Car Truck Carriers  
October 27, 2022 No Responses

Grimaldi Secures Order For Five Car Truck Carriers  

The Italian shipping company Grimaldi Group has signed an order for the construction of five new Pure Car Truck Carriers (PCTCs) with China Merchants Heavy Industries Jiangsu, which is part of China Merchant Industry Holdings. According to World Maritime ...
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Hyundai breaks Ground On $5.5b EV, Battery Plant  
October 27, 2022 No Responses

Hyundai breaks Ground On $5.5b EV, Battery Plant  

Hyundai Motor Company broke ground on a $5.54 billion Electric Vehicle (EV) and battery plant in the United States.   According to Reuters, the investment is the largest in the state’s history and the latest in a string of EV...
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FIRS Begins Direct Collection Of Taxes From Online Gaming Operators
October 27, 2022 No Responses

FIRS Begins Direct Collection Of Taxes From Online Gaming Operators

The Federal Inland Revenue Service (FIRS) has commenced the deduction of taxes at transaction points from Online Gaming Transactions using the Sentinal National Payment Gateway and Electronic Solution.     In a Public Notice signed by its E...
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US Coast Guard Lauds NIMASA
October 25, 2022 No Responses

US Coast Guard Lauds NIMASA

The United States Coast Guard, USCG, through Captain Brian Lisko of the US Department of State has commended the efforts of the Nigerian Government to suppress criminality in Nigeria’s maritime domain and by extension the Gulf of...
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Meshioye Emerges 11th President Of MAN
October 25, 2022 No Responses

Meshioye Emerges 11th President Of MAN

 A businessman, Otunba Francis Meshioye has emerged 11th President of the Manufacturers Association of Nigeria (MAN). A statement issued on Monday by the association’s Public Relations Officer, Mrs Omotayo Okewunmi, explained that Meshioye was elected a...
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Consider Nigeria Choice Investment Destination, Emefiele Urges Foreign Investors
October 17, 2022 No Responses

Consider Nigeria Choice Investment Destination, Emefiele Urges Foreign Investors

The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has urged foreign investors to consider Nigeria and other African countries as choice destinations for investment. According to a post on CBN Twitter handle, Emefiele made the call...
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Concession Agreement: NPA Conculdes Report, Seeks FG’s  Approval 
October 1, 2022 No Responses

Concession Agreement: NPA Conculdes Report, Seeks FG’s  Approval 

The  management of Nigerian Ports Authority (NPA), at the weekend, disclosed that the concession agreement with five terminal operators that have expired have been concluded. According to NPA, the report would be submitted to the Federal Ministry of Trans...
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