Business - Page 659

20 PFAs Meet N5bn New Capital Benchmark

National Pension Commission has announced that 20 Pension Fund Administrators (PFAs) have complied with its N5 billion minimum regulatory capital requirement for operations.

Victor Ezeja

April 30, 2022

Business

Zenith Bank’s Quarterly Earnings Rise By 22%

Zenith Bank Plc has announced that its gross earnings rose by 22 per cent in the first quarter of 2022. According to the lender, the earnings rose from N157.3bn in the first

PBA Reporter

April 29, 2022

Business

IMF Sends Strong Message On Bitcoins

The International Monetary Fund (IMF) has made a strong case against the adoption of Bitcoin as legal tender by countries. Abebe Selassie, director of IMF’s African Department, made this warning on Thursday

PBA Reporter

April 28, 2022

GTCO, First Bank Fail To Make Top Five Performing Nigerian Bank Stocks In H1 2023

Business

Banks’ Loan To Nigeria’s Private Sector Rises To N36.37 Trillion

Bank credit to the Nigerian private sector, according to a report by the Central Bank of Nigeria (CBN), rose to N36.37 trillion as of March 2022, representing N1.18 trillion net new loans

PBA Reporter

April 28, 2022

Business

Subsidy Hits N1.35tn In Four Months

Subsidy on Premium Motor Spirit, popularly called petrol, between January and March 2022 rose to N675.93bn. This is based on the latest data obtained from the Nigerian National Petroleum Company Limited on

PBA Reporter

April 28, 2022

Business

FEC Approves Three Contracts To Boost Electricity Supply

The Federal Executive Council (FEC) today, Wednesday, 27, approved three contracts to boost the electricity supply in the country. The council gave the approval during the weekly meeting presided over by President

PBA Reporter

April 27, 2022

Business

Customers Can Now Get Prepaid Meters Within 24 Hours – Ikeja Electric

Ikeja Electric Plc (IE), an electricity distribution company in Lagos, has disclosed that customers can get prepaid meters within 24 hours. The company, in a statement, said the one-day metering initiative, which

PBA Reporter

April 27, 2022

Business·Finance & Economy·News

UBA Grows Earnings By 18% As Profit Hits N44.5bn

United Bank for Africa (UBA) Plc has released its unaudited results for the first quarter ended March 31, 2022, recording impressive growth across its income lines. The bank’s result which was released

Chimara Bygold

April 27, 2022

AMA News·Business

Kwely, an Africa-based B2B marketplace raises close to US$1million Seed Round of Funding

The Senegal-based startup raises an additional $700,000 in its Series Seed from WIC Capital, Loftyinc Capital, Haskè Ventures and other notable investors, completing its US$1 million round. DAKAR, Senegal, 27 April, 2022 -/African

Prime Business Africa

April 27, 2022

Business

AfDB Warns, Says Over $10bn Food Production At risk In Nigeria, Others

The African Development Bank Group has disclosed that a fertiliser crisis triggered by the Russian war in Ukraine could put more than $10bn worth of food production at risk in Africa. President

PBA Reporter

April 26, 2022

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Business - Page 659

20 PFAs Meet N5bn New Capital Benchmark

Zenith Bank’s Quarterly Earnings Rise By 22%

IMF Sends Strong Message On Bitcoins

Banks’ Loan To Nigeria’s Private Sector Rises To N36.37 Trillion

Subsidy Hits N1.35tn In Four Months

FEC Approves Three Contracts To Boost Electricity Supply

Customers Can Now Get Prepaid Meters Within 24 Hours – Ikeja Electric

UBA Grows Earnings By 18% As Profit Hits N44.5bn

Kwely, an Africa-based B2B marketplace raises close to US$1million Seed Round of Funding

AfDB Warns, Says Over $10bn Food Production At risk In Nigeria, Others

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