UBA’s Q3 earnings soar 115% as PBT rises 263% to N502.1bn
Joy AgwunobiOctober 31, 2023
Joy Agwunobi Africa’s Global Bank, United Bank for Africa (UBA) Plc posted an impressive performance, with significant growth across all key performance metrics in its recently released unaudited financial results for the third quarter ended September 30, 2023. This is as the banking group with operations in 20 African countries and offices in three global […]
Assetium Capital primed to capitalise on Nigeria’s $403 billion commodities market
Onome AmugeOctober 31, 2023
Onome Amuge Assetium Capital Management Limited, a commodities firm, said it is positioning itself to drive positive change in the Nigerian commodities sector,with the size of the commodities market expected to reach $402.90 billion by 2023. This is as the company with a capital base of N300 billion, said it aims to become […]
Kano proposes N350bn as budget for 2024
Adeola AjakaiyeOctober 31, 2023
Adeola Ajakaiye in Kano The administration of Governor Abba Kabir Yusuf in Kano state has presented a 2024 budget estimate of over N350 billion to the Kano State House of Assembly for consideration. Delivering the budget tagged ‘Budget of Restoration and Transformation’, Governor Yusuf disclosed that the proposal was designed to fast track the realisation […]
Nigeria’s crawling economy will be transformed, Tinubu tells visiting German chancellor
Mike OchonmaOctober 30, 2023
Mike Ochonma President Bola Tinubu on Sunday received the German chancellor, Olaf Scholz, at the Presidential Villa in Abuja in an effort to explore ways of fortifying bilateral relations between Nigeria and Germany. The chancellor, who is on a two-day visit to Nigeria was accompanied by a delegation of high-ranking German business people including chief […]
Julius Berger transiting into a conglomerate-says MD, Richter
BEN EGUZOZIEOctober 30, 2023
…As firm’s market capitalisation on NGX touches N15.7bn Ben Eguzozie Julius Berger Group, the Nigerian subsidiary of German construction firm, at an investors’ forum, announced to its shareholders and stakeholders that it was transiting into a conglomerate. The construction company, whose presence in Nigeria dates back to 1965 when the firm won a tender to […]
CRS passionate to key into technology to revolutionise scheme, says Gov. Otu
BEN EGUZOZIEOctober 30, 2023
Adopts CPS, which is rejected by workers Retirees cry over unpaid 8 years pensions, gratuities Ben Eguzozie in Calabar Governor Bassey Otu of Cross River State (CRS) says the state under his management is passionate about using technology in governance for maximum performance and results. To this end, he said his government has […]
EU shuttles Nigeria to strengthen ties as 9.5bcm LNG shipped in 2022
BEN EGUZOZIEOctober 30, 2023
Ben Eguzozie The European Union (EU), in need of additional energy for their region outside of Russia, more so, from Africa as the viable frontier, have been reaching out to energy producing countries on the continent since the Russian-Ukraine war. An EU delegation led by the EU commissioner for energy, Kadri Simson, was […]
Judiciary should not determine winners Of elections, says Falana.
Business a.m.October 28, 2023
Human rights lawyer, Femi Falana, SAN, says that Thursday’s judgment of the Supreme Court in the presidential election case has all but ended any contest, but maintained that it is not ideal for the judiciary to decide winners of elections. Falana, who was a guest on Channels Television’s Politics Today, insisted that determining winners of […]
Fidelity Bank joins forces with Afreximbank and JohnVent in $40m cocoa export deal
Joy AgwunobiOctober 27, 2023
Joy Agwunobi Fidelity Bank Plc, in collaboration with the African Export-Import Bank (Afreximbank) and JohnVents industries, has executed a tripartite deal of $40 million to facilitate the export of cocoa from Nigeria. The deal was finalized at the second edition of Fidelity International Trade and Creative Connect (FITCC), an event hosted by the bank that […]
GTCO’s resilience shines through as pre-tax profit rises 155.2% to N433.2 billion in Q3 2023
Cynthia EzekweOctober 27, 2023
Cynthia Ezekwe Guaranty Trust Holding Company (GTCO) Plc, the holding company for Guaranty Trust Bank, has continued to demonstrate its strategic positioning and financial strength as a leading financial holding company, as evidenced by a 155.2 per cent increase in its profit before tax (PBT) to N433.2 billion in the third quarter of 2023. The […]