Fidelity Bank Plc Posts 120.1% jump in PBT
Fidelity Bank Plc, has posted an impressive 120.1% growth in Profit Before Tax from N17.9bn at the end of Q1 2023 to N39.5bn for Q1 2024. This was made known in the Bank’s unaudited financial statements released on the issuer…
FG, Uni-Abuja to grow Research, in Dev. Hardwares via DICON
The Minister of Defence, Mohammed Badaru Abubakar, has charged the University of Abuja to partner with the Ministry of Defence through the Defence Industries Corporation of Nigeria (DICON) in the local production of defence equipment. The Minister stated this when…
Nigeria seals deal to set up Export Development in Africa (FEDA)
The Federal Republic of Nigeria has acceded to the Establishment Agreement for the Fund for Export Development in Africa (FEDA), the development impact investment platform of the African Export-Import Bank (Afreximbank). Nigeria joins the ranks of countries acceding to the…
ACCESSCORP result reveals stellar diluted EPS growth
Access Holdings Plc (ACCESSCORP) released its Q1-24 unaudited financials after trading hours on Tuesday (30 April), revealing a stellar diluted EPS growth (+118.6% y/y to NGN4.35 I Q1-23: NGN1.99). The rise in the Holdco’s earnings was supported mainly by the…
NGX Group Optimizes Operations, Releases Stellar Q1 ’24 numbers
The Nigerian Exchange Group Plc (NGX Group) has unveiled stellar Q1 2024 results, signaling a promising trajectory for the company. The Group reported an impressive N2 billion in Profit before Tax, bolstered by robust growth in operating margins and operational…
Allegation that Arthur Eze habours Fulani Herdsmen in Enugu-Agidi laughable—Otunabo
Frontline investor and stakeholder in Nigeria’s largest International Centre for Commerce (ICC), the Balogun Business Association (BBA) in Lagos Trade Fair complex, Obguefi Emma Otunabo has included his voice to the rising clean bill of health being giving to Ukpo’s…
Tree4Life Project: NEPL/Seplat JV, Edo Seal Reforestation Agreement
The NNPC Exploration and Production Ltd/Seplat Energy Joint Venture and the Edo State Government have signed an agreement that will see the state government allocate 6,000 hectares of land from its protected forest reserves to enable a large-scale tree planting…
Minister Plans Intelligence Sharing with US to fight insecurity
The Minister of State for Defence, Dr. Bello Muhammed Matawalle, has harped on more intelligence sharing between Nigeria and the United States of America in order to fight banditry and terrorism in Nigeria. The Minister opined this when he hosted…
May Day: Glo salutes resilience of Nigerian workers
On the occasion of 2024 May Day celebration, digital telecommunications solutions provider, Globacom, has saluted the resilient spirit of Nigerian workers, urging them to rededicate themselves to excellence so as to take Nigeria to the next level. Globacom, in a…
Dangote Targets 700,000MT of Refined Sugar in Four years to drive backward integration
Leading indigenous manufacturing giant, Dangote Sugar Refinery Plc (DSR) has unveiled plans to produce 700,000 metric tonnes of refined sugar from locally grown sugarcane in the next four years, through its Backward Integration Programme (BIP). Chairman of Dangote Sugar Refinery…
