Business Hilights

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Banking/Investments

Zenith Bank maintains triple-digit in topline, bottom-line H1’23 result

Nigeria’s leading new generation financial group, Zenith Bank Plc has announced its audited results for the half-year ended 30 June 2023, recording an astounding triple-digit growth of 139% in gross earnings from N404.8 billion reported in H1 2022 to N967.3…

6 multinational manufacturing giants coming with Okonjo-Iweala in Dec

The CEO of World Trade Organisation (WTO) and former Minister of Finance and coordinating economy, Dr. Ngozi Okonjo-Iweala has revealed that despite all odds, plans have been concluded to arrive Nigeria in December this year with no less than six…

Just in: Zenith Bank hits 161.7% y/y jump in EPS to NGN9.29 (H1-22: NGN3.55)

Tier 1 financial powerhouse, Zenith Bank Plc (ZENITHBANK) published its H1-23 interim financial results this morning (Sept.11, 2023), recording a 161.7% y/y expansion in EPS to NGN9.29 (H1-22: NGN3.55). The significant growth in the bank’s earnings was supported by the…

Just in: Tinubu to perform historic US NASDAQ Bell Ringing Sept 20

The United States Chamber of Commerce has concluded arrangements that will see President Bola Tinubu perform the historic NASDAQ Bell Ringing on Wednesday, September 20, 2023 at 3:45pm Eastern Standard Time / 20:45 West Africa Standard Time. According to a…

Afreximbank, Anambra seal $200m MoU to develop state at summit

The African Export-Import Bank (Afreximbank) has signed a memorandum of understanding (MOU) with Nigeria’s Anambra State Government to collaborate on state development efforts through the provision of project preparation and advisory services, including a potential debt financing programme of up…

(Special Report) Tinubu, Uzoka-Anite silent on state of ease of doing business at G20

Yes, there are excitements that at the concluding G20 meeting, Nigeria had investment deals that were principally based on pledges and not on contracts. In a statement, the Minister of Industry, Trade and Investment, Dr. Doris Uzoka-Anite linked the pledged…

That Elumelu’s comment that RoI in Nigeria scarcely found anywhere in the World…

While speaking to the press on the sidelines of the ongoing Nigeria-India Business Round Table in Delhi, self-styled Africapitalist advocate, Mr. Tony Elumelu claimed that “We believe in Africa, but especially in Nigeria. An investment in Nigeria promises a return…

NDPC Inaugurates GAID Committee for Data Protection success

The National Commissioner of the nigeria Data Protection Commission (NDPC), Dr. Vincent Olatunji, has inaugurated the National Committee for NDP Act for the General Application and Implementation Directive (GAID).  NDP Act GAID is one in a continuum of vital, regulatory…

Upon renewables, African Oil and Gas Exploration still attractive to Developed World

By NJ Ayuk   Despite the call heard ’round the world commanding the global business community to divest from fossil fuels and shrink their carbon footprints in the name of net zero, international oil companies (IOCs) still recognize Africa as…

Fidelity Bank’s remains committed to growth, as PBT hits N76.3bn in H1

The Chief Executive Officer (CEO) of leading financial giant, Nneka Onyeali-Ikpe has averred that Fidelity Bank Plc., will continue to remain committed to helping individuals grow, inspiring businesses to thrive in the economy. She made the cheering assertion while reviewing…