Julius Berger says construction of 2nd Niger Bridge complete
Businessam StaffApril 5, 2022
Julius Berger Nigeria Plc, Nigeria’s infrastructure construction leader, said it has completed the last span of construction of the 1.6-kilometre Second River Niger Bridge project spanning from Asaba in Delta State to Onitsha, Anambra State, aimed at easing traffic, enhancing commercial activities and improving the lives of the people. Zainab Ahmed, the minister of finance, […]
Leadway, Slum2School Africa in CSR education initiative for indigent kids
Charles AbuedeApril 5, 2022
BY CHARLES ABUEDE Leadway Assurance Company Limited, one of Nigeria’s largest insurers, has teamed up with Slum2School Africa, a renowned non-governmental organisation, to provide free and quality education to indigent children living in slums and remote communities in Nigeria. The initiative, which aligns with the global quest to help the United Nations realise its Sustainable […]
Sirika gives multiple assurances govt to keep off national carrier
Sade WilliamsApril 5, 2022
BY Sade Williams/Business a.m. Hadi Sirika, a former senator and Nigeria’s current minister of aviation, took the opportunity offered by the ongoing World Government Summit (WDS) in Dubai to offer multiple assurances that the government will keep its hands off the new national airline being planned by the government. There have been outcries of ‘here […]
Anchor Borrowers Programme: Stakeholders seek new FMARD home over CBN’s dominance
Onome AmugeApril 4, 2022
BY ONOME AMUGE The Central Bank of Nigeria (CBN), according to the amended CBN Act of 2007 as derived from the 1958 Act of Parliament, is entrusted with the overall control and administration of the monetary and financial sector policies of the federal government. Thus, the apex bank is saddled with diversified objectives, with the […]
Businesses rethink practices over Nigeria’s GenZ lifestyles – global survey
Onome AmugeApril 4, 2022
BY ONOME AMUGE Nigeria is the most populous country in Africa and home to the largest number of youths in the world. A 2021 World Bank report, in its assessment of the country’s high youth populace, stated that 74 percent global growth of youth population aged 18-23 will be largely situated in Nigeria and nine […]
ABCON intensifies pushback lobby to get members on CBN’s FX framework
Charles AbuedeApril 4, 2022
BY CHARLES ABUEDE The Association of Bureau De Change Operators of Nigeria (ABCON) has intensified its lobby to get its members back on the mainstream of Nigeria’s foreign exchange demand and supply framework, offering a strong analytical pushback on how the Naira has yo-yoed in value without their active involvement in the official template. ABCON’s […]
Babaura new CEO as Obabori retires from Red Star Express
Businessam StaffApril 4, 2022
Stanbic IBTC BankAuwalu Badamasi Babaura has taken over as the new managing director of Red Star Express, a leading Nigerian logistics company, following the completion of term and retirement of Sola Obabori, the erstwhile chief executive officer. Charles Uche Ejekam was also appointed by the company as the new executive director, sales and marketing. A […]
Stanbic IBTC offers N2 final dividend on N205.79bn weak revenue
Charles AbuedeApril 4, 2022
BY CHARLES ABUEDE The N2 per share proposed as final dividend by the board of Stanbic IBTC Bank for full year 2021 may see subdued or modest reactions from market after the financial institution recorded a 12.22 percent year on year decrease in its gross earnings to N205.79 billion from N234.03 billion last year. The […]
FBNHoldings wins global awards for investor relations, portfolio diversification
Onome AmugeApril 4, 2022
BY ONOME AMUGE FBN Holdings Plc, one of Nigeria’s leading financial services groups and holding companies, has been awarded the best investor relations bank in Nigeria and the country’s most diversified financial portfolio services in 2021 by International Finance, a global media outfit renowned for its comprehensive coverage and analysis of the global financial services […]
NBC strengthens renewable energy investment credentials
Onome AmugeMarch 29, 2022
BY: ONOME AMUGE The Nigerian Bottling Company Ltd (NBC) has commenced an expanded investment plan and transition towards renewable energy sources as a way of accelerating the delivery of its net zero commitment targeted at minimising the environmental effects of energy emissions in host communities. The company, part of the Coca-Cola Hellenic Bottling Company Group […]