Business - Page 396

Tinubu Set To Attend COP 28 Summit In Dubai

Subsidy: FG To Give ₦75bn To 75 Companies To Boost Production – Tinubu

Nigeria’s President, Bola Tinubu, has disclosed plans of his government to spend ₦75 billion to fund 75 manufacturing companies in the country between July 2023 to March 2024 to boost production. The

Victor Ezeja

July 31, 2023

Business

Union Bank Takes Proactive Steps, Increases Employee Compensation Twice

While Nigerians await government palliatives to alleviate the situation, Union Bank of Nigeria has taken a commendable step by doubling employee compensation, easing the financial strain faced by its workforce. Recognizing the

Somto Bisina

July 31, 2023

Business

Fidelity Bank Stock Upgrade Excites Investors

In a recent development that has ignited enthusiasm among investors, Fidelity Bank Plc’s stock has been reclassified from a small price stock to a medium price stock. The move comes as the

Somto Bisina

July 31, 2023

Business

NIMASA, Total Energies EP Rescue Adrift Fishing Vessel For Sao Tome And Principe National

The Nigerian Maritime Administration and Safety Agency (NIMASA) working with officials of Total Energies EP Nigeria limited rescued occupants of a distressed fishing vessel belonging to a national of the São Tomé

PBA Reporter

July 31, 2023

Business·Markets

Stock Market Investors Lose N391.19bn To Selloffs In Dangote Sugar, Others

Nigerian bourse recorded N391.19 billion loss on Monday after the stock market capitalisation fell to N35.01 trillion following selloffs in Dangote Sugar, Livestock, and others. Prime Business Africa gathered that the market capitalisation

Fakoyejo Olalekan

July 31, 2023

Business·Insights

Nigeria’s Real Estate Investment – What You Need To Know

In 2022, Nigeria’s real estate sector contributed N7 trillion to the country’s gross domestic product (GDP) and it is expected to expand by 5.2 per cent in 2023 according to Bismarck Rewane,

Fakoyejo Olalekan

July 31, 2023

Business

Tinubu’s CBN Special Investigator: The Rise, Fall And Rise Of Jim Obazee

On Sunday, 30 July 2023, President Bola Tinubu appointed Jim Obazee as the special investigator to probe the Central Bank of Nigeria (CBN). Prior to his appointment, Obazee has been involved in

Fakoyejo Olalekan

July 31, 2023

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Currency

Official Dollar Rate Drops To A Low Of N465, BDC USD Price Rises

In the Investors’ and Exporters’ window of the official market on Friday, the dollar was traded as low as N465/$1 and as high as N799.50/$1. However, the dollar depreciated by N7.16 kobo

Fakoyejo Olalekan

July 31, 2023

Business

PenCom Defends DG, Dahir-Umar, Amid Millions Of Dollars In Estacode Allegation

The National Pension Commission (PenCom) has absolved its director general (DG), Aisha Dahir-Umar, of financial impropriety made against her. PenCom said its attention was drawn to some reports alleging that Dahir-Umar was

Fakoyejo Olalekan

July 31, 2023

Business

Transcorp Records 31% Revenue Growth In H1 2023

Transnational Corporation Plc (Transcorp Group), Nigeria’s leading conglomerate with investments in Power, Hospitality and Energy sectors has announced its financial results for the first half of the year ended June 30, 2023,

PBA Reporter

July 30, 2023

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Business - Page 396

Subsidy: FG To Give ₦75bn To 75 Companies To Boost Production – Tinubu

Union Bank Takes Proactive Steps, Increases Employee Compensation Twice

Fidelity Bank Stock Upgrade Excites Investors

NIMASA, Total Energies EP Rescue Adrift Fishing Vessel For Sao Tome And Principe National

Stock Market Investors Lose N391.19bn To Selloffs In Dangote Sugar, Others

Nigeria’s Real Estate Investment – What You Need To Know

Tinubu’s CBN Special Investigator: The Rise, Fall And Rise Of Jim Obazee

Official Dollar Rate Drops To A Low Of N465, BDC USD Price Rises

PenCom Defends DG, Dahir-Umar, Amid Millions Of Dollars In Estacode Allegation

Transcorp Records 31% Revenue Growth In H1 2023

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