FG celebrates Aliko Dangote on Award of Senegalese National Order of The Lion
President Bola Tinubu has congratulated Alhaji Aliko Dangote, President and Chief Executive Officer of Dangote Group, on the award of the National Order of the Lion by President Macky Sall of Senegal. The award is the highest order of Senegal…
How To Grow Your Business, Make More Money with PalmPay
Considering current e-Commerce realities, the right financial tool can gravitate from the more technical accounting software and payroll management tool to the less complicated but secure digital payment platform and Point of Sales (POS) machine. Big on secure digital payments,…
Stanbic IBTC Holdings posts impressive earnings growth
Stanbic IBTC Holdings (STANBIC) has released its FY 23 unaudited results, showcasing Pre-tax profit growth of 72.4% y/y, and Net profits climbing by 76.4% y/y to N137.58bn, marking the highest increase over the past five years. In Q4 23 alone,…
FBN Holdings Plc reports remarkable 128.3% y/y surge in EPS
FBN Holdings Plc (FBNH) released its unaudited results for 2023FY on Thursday, revealing a remarkable 128.3% y/y surge in EPS (2023FY: NGN8.56 vs 2022FY: NGN3.75). The substantial increase in the Holdco’s earnings is attributable to a significant 10.8x growth in…
FG, EDIB Hong-Kong to develop Escravos Seaport in Delta
The Federal Government has secured financial partner from EDIB Hong Kong to develop $27.29bn Escravos Seaport Industrial Complex. The project located in Escravos (Gbaramatu Island/Omadino). The administration will provide a written confirmation of the Free Trade Zone. It is expected…
Minister lauds Dangote Cement in promoting best practices, diversification
The Federal Government has commended the leading roles being played by the Dangote Group to complement government’s efforts to diversify the nation’s economy and the company’s dedication to promotion of best practices in all its operations. The commendation came even…
Dangote Refinery may import crude oil from USA if…
Latest report from Blomberg, has shown that Trafigura Group has sold two million barrels of WTI Midland to the refinery for delivery at the end of February. This marks the first time the 650,000 barrel-a-day oil refinery has purchased non-Nigerian…
Winners in e-Auction take delivery of 190 cars at PTML Customs Command
Comptroller Saidu Abba Yusuf, Customs Area Controller of PTML Command, has reiterated the command’s readiness to facilitate easy release of vehicles and containers won by bidders in the ongoing-electronic auction process of overtime cargoes. Comptroller Yusuf who described the process…
Lagos Extends Deadline For Annual Tax Returns To February 7
In view of the recent downtime experienced on the e-tax portal, the Lagos State Internal Revenue Service (LIRS) has extended the filing of employers’ annual tax returns by 1 (one) week starting from February 1 to February 7, 2024. Mr….
Presco Plc reports a standalone EPS of NGN6.95
Presco Plc (PRESCO) published its Q4-23 unaudited financials yesterday (30 January), reporting a standalone EPS of NGN6.95 (vs loss per share of NGN2.85 in Q4-22), underpinned by impressive revenue growth (+20.4% y/y), a decline in operating expenses (-35.9% y/y) and…
