Business Hilights

Tracking Nigeria's Headline Business News Online

Month: October 2016

Sterling Bank hits N79.6b gross earnings in Q3

Sterling Bank Plc has posted gross earnings of N79.66 billion for the third quarter ended September 30, 2016. According to a statement by the bank in Lagos on Saturday, the figure was lower than N81.81 billion achieved in the corresponding…

Access Bank hits 19% rise to N72 billion profit in Q3

Access Bank Plc has declared a profit before tax of N72 billion for the nine months ended September 30, 2016. The bank’s Head, Media Relations, Abdul Imoyo, said the figure indicated an increase of 19 per cent when compared with…

Self-development initiatives best option for youths in recession— NSITF boss

The Acting Managing Director of Nigeria Social Insurance Trust Fund (NSITF), Ismail Agaka, has called on Nigerian youths to acquire productive skills that will position them to become relevant in corporate governance. The NSITF boss stated this recently in Abuja…

Cronos Airlines unveils Lagos-Douala-Malabo flights

New green light signaling early revival of the nation’s aviation sector emerged weekend following the seal of a fresh deal by Malabo-based leading carrier, Cronos Airlines, to partner with a subsidiary of Nigeria’s Peacock Group, Peacock Aviation and Allied Services,…

Nigeria, Portugal seal deal on BASA

The Minister of State, Aviation, Mr Hadi Sirika, has disclosed that Nigeria and the Republic of Portugal are set to implement the Bilateral Air Services Agreement (BASA). Sirika disclosed this while receiving the Portuguese delegation led by Mrs. Theresa Ribeiro,…

Sterling Bank hits N79.6bn gross earnings

Sterling Bank Plc has posted gross earnings of N79.66bn for the third quarter ended September 30, 2016. The bank, in a statement Saturday, said the figure was lower than N81.81bn achieved in the corresponding period of 2015. It stated that…

Diamond Bank sees growth in Q3 2016

Leading money deposit bank, Diamond Bank has revealed its Q3 result, saying it recorded moderate growth in key financial parameters in the third quarter of 2016. Releasing its Q3 2016 performance scorecard on the floor of the Nigerian Stock Exchange…

Dangote seeks NIPSS role on economic diversification

President of Dangote Group, Aliko Dangote has challenged graduates of the National Institute of Policy and Strategic Studies (NIPSS), Kuru near Jos to think out ways of contributing meaningfully to the present efforts to diversify the economy. He explained to…

UNDP, NISRAL dream N65bn rice value chain scheme

The United Nations Development Programme (UNDP) is currently organizing stakeholders in Niger State for value chain rice production. This is coming at a time the Nigeria Incentive-Based Risk Sharing for Agricultural Lending (NIRSAL) has facilitated N65 billion loans to farmers…

Usman renews move to review lease, concession deals at ports

The Managing Director of the Nigeria Ports Authority (NPA), Ms. Hadiza Usman Friday, hinted her readiness to review all the concessions and lease agreements between the federal government and port operators as soon as possible to boost output. Addressing newsmen…