Business Hilights

Tracking Nigeria's Headline Business News Online

Banking/Investments

FG plans veiled sale of refineries’ with private sector input in $1.8bn rehab

One of the highlights of the road map for the development of the nation’s oil and gas industry, unveiled by President Muhammadu Buhari in Abuja weekend was to spend between $1.4bn and $1.8bn to rehabilitate the nation’s refineries within two…

FG hails First Bank on new product, FirstGem

First Bank of Nigeria PLc, weekend unveiled a scheme tailored to drive women in financial inclusion and emancipation. Speaking at the launch in Lagos, Minister of Finance, Mrs. Kemi Adeosun said the FirstGem product, is very critical to the country’s…

Naira firms against dollar at interbank market

The Naira weekend appreciated against the dollar at the official interbank market, gaining 50k to exchange at N304.50, from N305 posted on Thursday. But at the Bureau De Change Segment of the market, the naira closed at N385 CBN controlled…

FirstBank targets financial literacy on World Savings Day tomorrow

First Bank of Nigeria has again deepened the financial inclusion drive of the CBN in terms of number of people that have banking relationship with financial institutions. FBNHoldings, Nigeria’s most diversified financial services group, through its subsidiaries, First Bank of…

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…

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…

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…

$10bn infrastructure scheme’ll tame insurgency in N/Delta

The recent inauguration of the Niger Delta Development Initiatives valued at $10bn has been described as one of the best sustainable strategies to stop insurgency and restiveness in the oil producing areas of Niger Delta. The federal government had Thursday…