Latest Nigeria Business News
Wema Bank Plc has said that its profit before tax rose by 43.64 per cent to N2.61bn at the end of June 2019, from N1.81bn in the corresponding period of 2018. The bank said this in a statement on its unaudited financial result for the six months ended June 30. Commenting on the results, the […]
Between January and June this year, the Nigerian economy recorded a total investment commitment of $15.15bn in various sectors of the economy, the Nigerian Investment Promotion Commission has said. Figures obtained from the NIPC showed that the $15.15bn proposed investments were made for 43 projects in 12 states and the Federal Capital Territory. Comparatively, the […]
MTN has lifted its partial ban on calls from Globacom subscribers to its network after stakeholders intervened in the matter. This came after a breakdown in mobile communication between 46.6 million Globacom subscribers and MTN network users, which lasted more than five days. This cost both companies a huge loss in revenue. But a reliable […]
No fewer than 189 retirees in Osun State will share over N1.13 billion naira as part of their retirement benefits. Many of them were full of smiles on Tuesday as they received their bond certificates from Governor Adegboyega Oyetola at a ceremony in Osogbo, the state capital. It was hope rekindled for the beneficiaries as […]
Bauchi Governor Bala Muhammed has sworn-in 20 newly appointed local government caretaker committee chairmen, charging them to adopt accountability and transparency in the discharge of their duty. Performing the swearing-in ceremony at the Government House, the governor who was assisted by the Chief Judge of the State, Mrs. Rabi Talatu Umar, said the success of […]
Atesuo Community in Warri North council area of Delta state has threatened to shut down operations of the Nigeria Petroleum Development Company (NPDC) and Elcrest Exploration and Production Company, over alleged repeated failure to recognise and treat them as one of their host communities. Issuing a 14-day ultimatum to the companies, who are operators of […]
The Islamic Movement in Nigeria is to challenge the court order obtained by the federal government banning the operations of the organization. Spokesman of the Movement, Ibrahim Musa confirmed that “we will be in court challenging the proscription”. Musa who spoke through a phone message on the recent accusation by a rival Shiite group that […]
Oyo State Governor Seyi Makinde has pledged to upgrade facilities at the Adeoyo General Hospital, Ring Road, Ibadan, saying he would make the hospital a medical tourist destination in the country. The governor also promised to ensure that the radiology unit of the hospital is completed and commissioned for use within his first 100 days […]
New set of 644 customers of First City Monument Bank (FCMB) have emerged winners in the ongoing reward scheme of the bank tagged: ‘’FCMB Millionaire Promo Season 6’’. The winners emerged after a successful draw in Lagos. The exercise, the second since the season 6 of the promo began in March, this year, was held […]
Access Bank has issued N30 billion Tier-2 N30 Fixed Rate Subordinated Unsecured Bond. The issuance is to further strengthen its funding base and create more value for investors. The bond was oversubscribed, which further buttressed the confidence investors repose in the bank. The bond will mature in seven years and is callable after five years. The […]