10 Access Bank customers get N1m each in first post-merger DiamnondXtra monthly draw
Businessam Staff
April 20, 2019
In fulfillment of its promise to the twenty–nine million customers and over two million Diamondxtra customers, leading commercial and retail bank, Access Bank Plc has rewarded 10 customers with N1 million each in its first post-merger Diamondxra monthly draw. At the prize presentation ceremony held at the bank’s head office in Lagos recently, Victor Etuokwu, […]
Global market access: NEPC trains 100 exporters in move to reverse Nigeria’s slow-paced growth
Ben EguzozieApril 17, 2019
Nigeria’s total exports in 2018 valued at $52.9 billion reflected a –46.7 percent drop since 2014, though a 29.9 percent uptick from 2017, according to data sourced from World’s Top Exports (WTEx). Of this volume of goods shipped around the world by Nigeria, crude oil accounted for 94.1 percent, and only 5.9 percent from non-oil products, showing […]
FBN Holdings moves 2018 dividend qualification date forward
Adesola AfolabiApril 16, 2019
The board of FBN Holdings Plc has announced a change in the date of qualification date for the proposed payment of 2018 financial year dividend from April 22, 2019 to April 23, 2019. This was disclosed in a statement signed by Seye Kosoko, the company secretary and filed with the Nigerian Stock Exchange (NSE). Last […]
Thomas Murray upgrades CSCS risk assessment ratings to A+
Businessam StaffApril 16, 2019
A risk assessment carried out by Thomas Murray, the global post-trade risk and custody specialists, on Central Securities Clearing System (CSCS) Plc has yielded an upgraded rating symbol from A to A+, which denotes a ‘Low’ Overall Risk. The outlook for the CSCS risk assessment also emerged positive owing to the fact that there are […]
CCNN turns out positive post-merger performance with N5.7bn profit after tax in FY18
Businessam StaffApril 15, 2019
Cement Company of Northern Nigeria (CCNN), producers of Sokoto cement, has reported a net profit of N5.7 billion (US$15.75 million), 77 percent higher than the figures recorded in 2017, and comes ahead of analysts expectations, following its merger with Kalambaina Cement Company. A statement by the company explained that while the merger was completed in last […]
NBS gets new board as Senate confirms nominees
Businessam StaffApril 11, 2019
The National Bureau of Statistics (NBS) will have a new board as the Senate confirmed President Muhammadu Buhari’s nominees for the job. Those confirmed for the NBS board are Dr Kabiru Nakaura from the Northwest as chairman, while Mr Akinola Bashir (Southwest), Prof Moses Momoh (South South), Wallijoh Danladi Ahijoh (Northcentral), Adam Modu (Northeast), and […]
New TEF boss to ensure $100m programme impact across Africa and global ecosystem
Adesola AfolabiApril 2, 2019
Ifeyinwa Ugochukwu, newly appointed chief executive for Tony Elumelu Foundation (TEF), has assumed her new role which will focus on scaling the impact of the 10-year $100million Tony Elumelu entrepreneurship programme and strengthen relationships between the African and the global entrepreneurship ecosystem. This the company revealed in a statement, Tuesday, adding that Ugochukwu in her […]
Sterling Bank grows net profit by 14.9%, pledges loan-book diversification to HEART sectors
Adesola AfolabiApril 1, 2019
Sterling Bank Plc has reported a profit after tax of N9.2 billion on gross earnings of N152.2 billion for the financial year ended December 31, 2018 compared with a net profit of N8 billion on gross earnings of N133.4 billion in the corresponding period of 2017. This represents an increase of 14.9 percent in net […]
Nigeria’s first solar-powered brewery to reduce carbon emissions by 10,000 tonnes
Businessam StaffMarch 21, 2019
Nigerian Breweries Plc (NB) has announced plans to significantly reduce its carbon footprints in the country by pioneering Nigeria’s first solar powered brewery. The company in a notice filed with the Nigerian Stock Exchange on Thursday indicated that a solar power purchase agreement with CrossBoundary Energy Limited has been signed for the installation and operation […]
Stanbic IBTC celebrates gender-balanced workforce, urges women to be career positive
Adesola AfolabiMarch 21, 2019
Stanbic IBTC has highlighted its resolve to maintain a gender-balanced workforce to ensure it continues to provide quality financial services to clients and Nigerians. The bank gave this pledge at its 2019 Stanbic IBTC Blue Women Network (BWN) fifth anniversary event held in Lagos in commemoration of the yearly International Women’s Day (IWD) celebrations. […]
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