Growth Archives — City Business News

May 2, 2024 No Responses

Transcorp Group Sustains 173% Revenue Growth, N45b PBT

Transnational Corporation Plc conglomerate, with investment in the Power, Hospitality, and Energy sectors, has announced Q1 financial results for the period ended March 31, 2024. In its Q1 2024 unaudited results, Transcorp reported year-on-year growth, with revenue rising to N88.6 billion...

February 15, 2024 No Responses

Ecobank MySME Growth Webinar Series: Expert Makes Case For eCommerce To Grow Small Businesses

Operators of small and medium enterprises (SMEs) in the country have been advised to leverage on eCommerce to boost sales and grow their business. This view was canvassed by Chief Commercial Officer, Jumia Nigeria, Ijeoma Arum, in her presentation ...

October 19, 2023 No Responses

NDDC Seeks Inclusive Development, Growth

The Managing Director, Niger Delta Development Commission (NDDC), Dr. Samuel Ogbuku, has urged stakeholders in the Niger Delta region to unite and confront the complex challenges facing their communities. Ogbuku made this call at a meeting held at th...

September 14, 2023 No Responses

Edo, Namibia Explore Investment Opportunities

The Edo State Governor, Mr. Godwin Obaseki, has initiated talks with the Namibian Government to explore trade and investment opportunities in livestock production, technology, and management services, among others between the Country and Edo State. The governo...

March 22, 2023 No Responses

Expanding Growth At NPA

The appointment of Mohammed Bello-Koko as the Managing Director of the Nigerian Ports Authority (NPA) has changed the Nigerian seaports narrative. Before now, Nigerian ports have been described as the most expensive and inefficient in the West and Centra...

September 9, 2022 No Responses

UBA Records Double-Digit Growth, Declares N0.20k Interim Dividend

United Bank for Africa (UBA) Plc, has announced its audited financial results for the half year ended June 30, 2022, recording double-digit growth across key income lines as well as significant progress in the contribution from its subsidiaries. At...

May 12, 2022 No Responses

Airtel Africa Records 82% Profit Growth

Airtel Africa Plc.’s profit before tax grew by 82 per cent to 755 million dollars in the financial year ended March 31, compared to the corresponding period in 2021. The company stated in Lagos on Wednesday that the strong growth resulted...

May 7, 2022 No Responses

CSCS Grows Revenue by 39.2%, Pays N3.7Billion Dividends

In keeping to its commitment of ensuring strong and sustainable returns to its shareholders, the Board of Central Securities Clearing System (CSCS) Plc has proposed a total dividend of N3.7Billion to its shareholders, reinforcing the value accretion to its equ...

April 28, 2022 No Responses

Nigerian Content In Oil Sector Grows To 42%, Says Wabote, NCDMB Boss

The Nigerian Content Development and Monitoring Board (NCDMB) has grown Nigerian content in the oil and gas sector to 42 per cent. Mr Simbi Wabote, Executive Secretary of NCDMB gave the update on Wednesday, while speaking at a Local content...

April 8, 2022 No Responses

UBA Assures Investors, Shareholders Of Sustained Growth

United Bank for Africa Plc (UBA) on Thursday assured shareholders and investors of its unwavering commitment to sustaining its current growth trajectory. The Group Chairman, Tony Elumelu, gave the assurance at the 60th Annual General Meeting of UBA at the...

March 3, 2022 No Responses

NIMASA DG Urges FG To Harness Agriculture, Solid Minerals For Growth

Dr Bashir Jamoh, the Director-General (DG) of the Nigerian Maritime Administration and Safety Agency (NIMASA) has urged the Federal Government to harness agriculture and solid mineral for the economic growth of the nation Jamoh, made the call at the NIMA...

March 2, 2022 No Responses

2021:Transcorp Hotels Records 114% Growth In Revenue, Votes N717m For Dividend

Transcorp Hotels Plc has announced its Audited Financial Statements for the full year ended December 31, 2021.  The results published on the Nigerian Group Exchange showed a 114% growth in Revenue to N21.74bn from N10.16bn as o...

December 9, 2021 No Responses

Nigerian Stock Market Sustains Growth By N217b

Sentiments remained positive in the domestic stock market on Wednesday with a growth of N217 billion arising from price rally recorded by MTN Nigeria Communications (MTNN) and 19 other stocks. Specifically, the market capitalisation inched higher by N217...

December 1, 2021 No Responses

Ecobank Nigeria To Sustain SMEs Support, Grow Agency Banking Network In 2022

Managing Director/Regional Executive, Ecobank Nigeria, Patrick Akinwuntan has said the bank will continue to support Small and Medium Enterprises (SMEs), take banking to every Nigerian through its agency banking network. The bank’s digital services will also...