FBN Holdings Plc has posted N294.2 billion gross earnings for the half-year ended June 30, 2019. The figure represents 0.3 per cent year-on-year rise. Its net-interest income of stood at N146.7 billion, down two per cent from N149.6 billion in June 2018. “Non-interest income of N63.6 billion, up 3.6 per cent year-on-year (as against N61.3 billion […]

The Nigerian National Petroleum Corporation (NNPC) yesterday said the collection of taxes and other cash due to the Federal Government in the oil and gas industry was not its responsibility. Speaking while receiving the Chairman and members, Special Presidential Investigative Panel for the Recovery of Public Property at the NNPC Towers in Abuja, its Group […]

Access Bank Plc has partnered with the United Nations Children Education Fund (UNICEF) and Fifth Chukker,  to promote the educational sector through improved funding. The bank has also partnered with the North to tackle insurgency. The bank and the other institutions are supporting child development and strategic community support using the Charity Shield Polo tournament. […]

Fidelity Bank Plc has rewarded over 6,000   customers to a tune of N2.6 billion in the last four years. This according to the bank is part of its continuous culture of giving back and rewarding its loyal customers. This was disclosed in Abuja on Tuesday by the Regional Manager of the bank (Abuja), Vanessa Mordi, during […]

Seplat Petroleum Development Company Plc sustained its growth trajectory in the first half as pre-tax profit rose by 15 per cent to N37 billion, equivalent to $121 million. Key extracts of the interim report and accounts of Seplat for the six-month period ended June 30, 2019 released yesterday at the Nigerian Stock Exchange (NSE) showed that turnover […]

Shareholders of Chams Plc have approved the payment of N141.8m as dividends for the 2018 financial year. The approval was given at the company’s 35th Annual General Meeting in Lagos on Tuesday after the company assured its shareholders of enhanced returns on their investments in the coming year. Chams recorded a profit after tax of […]

Nigeria’s Mobile Network Operators lost about 332,338 million active Internet users in June this year, the latest Nigerian Communications Commission industry data indicated. The data showed that the number of active Internet users dropped to 122.29 million as of the end of June. However, this is far below the growth attained by operators in May […]

The Nigerian National Petroleum Corporation has said that it is unnecessary for it to pay the 60 per cent ($1.8bn) lease renewal fees, which is its equity contribution in the Oil Mining Leases 67, 68, and 70. This, it said, was because the corporation was representing the Federal Government in the joint venture. The NNPC […]