Global Downloads of Fintech Apps Exceeded 6.1 Billion in 2021
The global market for fintech apps has seen consistent expansion over the past few years. Since the initial outbreak of Coronavirus, its growth pace has gone up. According to data from TradingPlatforms.com, the total number of downloads of fintech apps…
NPA deals on Approved USD-Denominated Accounts, not Secret
The attention of the Nigerian Ports Authority (NPA) has been drawn to a media report by PointBlank Online Newspaper of Monday July 25, 2022, suggesting that the Authority operates two secret accounts outside Nigeria, which have been allegedly looted. Contrary…
NASCON Reports standalone EPS of NGN0.87 (Q2-21: NGN0.55)
NASCON Allied Industries Plc (NASCON) published its unaudited Q2-22 financials recently, in which the company reported a standalone EPS of NGN0.87 (Q2-21: NGN0.55), bringing H1-22 EPS to NGN1.16 (H1-21: NGN1.09). The EPS increase was driven by the sturdy growth in…
Stanbic IBTC Gets Highest GCR Rating AAA (NG) With Stable Outlook
The foremost credit rating agency, Global Credit Ratings (GCR) upgraded the national scale long-term issuer rating assigned to Stanbic IBTC Bank PLC to AAA(NG) from AA+(NG) and affirmed the national scale short-term issuer rating at A1+(NG), with a Stable Outlook….
Bayelsa Govt. seeks Heritage Bank support on youth devt in sport
The Bayelsa State Government has indicated interest in partnering Heritage Bank Plc on youth empowerment and sport development. The Deputy Governor, Senator Lawrence Ewhrudjakpo disclosed the interest of the State Government during a courtesy call with the Commissioner for Youths…
Economy: Dangote Petrochemical Plant Hub For Polypropylene in Africa
The Dangote’s $2 billion Petrochemical Plant located in Lagos when fully operational will position Nigeria as one of Africa’s largest petrochemicals hubs and boost non-oil export earnings for the country, according to the Dangote Group President, Aliko Dangote. The 900,000…
Zinox Group begins Nationwide Recruitment
As part of its efforts to ameliorate the harsh economic crunch on the youths, leading technology conglomerate, the Zinox Group, has recently offered employment to a batch of unemployed Nigerian graduates who successfully scaled through its internship programme. The successful…
Old Port-Harcourt Refinery Comes Alive 2023—NNPC
Nigerians have been assured that the rehabilitation of the Old Port Harcourt Refinery with a refining capacity of 60, 000 barrels per day would be completed and put to use by the first quarter of 2023. The Managing Director of…
Commercial Banks Killing eNaira—CBN
The Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele has expressed his displeasure over the near flop of the country’s digital currency, the e-Naira. Emefiele said the banks abandoned the use of the e-Naira because it does not…
NCDMB commends Caverton on Integrated Offshore Support Service
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has lauded Caverton Offshore Support Group on its growth towards being a fully integrated offshore support company in Sub-Saharan Africa. Engr. Wabote spoke through…
