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Latest news on business in Nigeria - Page 5

Capital Importation: Banking Sector Records Highest Inflow In Q3 2024

Nigeria’s Foreign Reserves Hit $35.05bn, Highest Since Tinubu Assumed Office

Nigeria’s foreign reserves on Wednesday, surged to $35.05 billion being the highest since President Bola Tinubu assumed office last year. This is data according to data obtained from the Central Bank of Nigeria (CBN) website. Prime Business Africa reports that the last

July 11, 2024

NGX Suspends Trading In Unity Bank, Guinea Insurance, 6 Other Companies’ Shares

Business·News

NGX Suspends Trading In Unity Bank, 7 Other Companies’ Shares

NGX Group has suspended trading in the shares of Unity Bank, Guinea Insurance, and six other companies for non-compliance with filing requirements for 2023. Other firms affected by the suspension include C&I Leasing Plc, Lasaco Assurance, Mutual Benefits Assurance, NPF Microfinance Bank,

July 9, 2024

Access ARM Pensions Holds AGM Friday 30 May

Business·News

Recapitalisation: Access Holdings Begins N351bn Right Rights Issue July 8

Access Holdings Plc will on on Monday, 8 July 2024, begin its N351 billion capital raise through rights issue to shareholders. Prime Business Africa reports that the move is to increase the capital base of Access Bank in line with the Central

July 7, 2024

Business·News·Oil & Gas

Gas Production: NNPC Set To Build 100 CNG Sites, 3 LNG Stations

The Nigerian National Petroleum Company Limited (NNPCL), has announced plans to build not less than 100 Compressed Natural Gas (CNG) sites and three Liquefied Natural Gas (LNG) stations to boost gas production. The Group CEO, NNPCL, Mele Kyari, declared that the drive

July 5, 2024

NOVA Merchant Bank Announces Major Increase in Staff Salaries post image

News

NOVA Bank Begins Operations As National Commercial Bank

NOVA Bank, formerly known as NOVA Merchant Bank, has officially commenced operations as a National Commercial Bank, as the bank opened its first commercial banking branch at 18, Kofo Abayomi Street, Victoria Island (VI). This follows the Central Bank of Nigeria’s (CBN)

July 4, 2024

EFCC's Invasion Of Dangote Group Office May Scare Away Potential Foreign Investors - MAN DG

Business·News

MAN DG Seeks Affordable Credit For Domestic Industries To Boost Production

Director General of the Manufacturing Association of Nigeria (MAN), Segun Ajayi-Kadir, has called on the government to create financing windows that offer credit to industries at a rate not more than five per cent to facilitate local production activities. Ajayi-Kadir, who spoke

July 2, 2024

CPPE Highlights What Must Be Done To Sustain Disinflation In Nigeria

Business·Finance & Economy

Pharmaceuticals Tax Waivers: We Need Same In Other Sectors – CPPE

The Centre for the Promotion of Private Enterprise (CPPE), has commended President Bola Tinubu’s government for the recent Executive Order waiving taxes such as import duties, VAT, and excise duties on pharmaceutical raw materials, intermediate products, medical diagnostic equipment and machineries. According

July 1, 2024

Business·News

Central Securities Pays N7.5bn Dividends To Shareholders As Gross Earnings Increase By 65.2% In 2023

Central Securities Clearing System (CSCS) Plc recorded an impressive performance in year ended December 31, 2023 across key financial metrics.

May 26, 2024

Business

Zenith Bank’s Gross Earnings Rises By 125% In 2023

Zenith Bank Plc recorded triple-digit growth of 125 per cent in gross earnings from N945.6 billion reported in 2022 to N2.132 trillion in 2023.

April 12, 2024

UBA Shines With 371% Profit Surge In H1 2023

Business·News

UBA Gross Earnings Rises By 143% In 2023, Profit Hits N757.7bn

The bank’s total assets rise by 90.2% to N20.65 trillion; shareholders’ funds grows to N2.0 trillion, achieving an impressive growth of 120.2% Africa’s Global Bank, United Bank for Africa (UBA) Plc, has released its audited financial results for the full year

April 9, 2024

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Latest news on business in Nigeria - Page 5

Nigeria’s Foreign Reserves Hit $35.05bn, Highest Since Tinubu Assumed Office

NGX Suspends Trading In Unity Bank, 7 Other Companies’ Shares

Recapitalisation: Access Holdings Begins N351bn Right Rights Issue July 8

Gas Production: NNPC Set To Build 100 CNG Sites, 3 LNG Stations

NOVA Bank Begins Operations As National Commercial Bank

MAN DG Seeks Affordable Credit For Domestic Industries To Boost Production

Pharmaceuticals Tax Waivers: We Need Same In Other Sectors – CPPE

Central Securities Pays N7.5bn Dividends To Shareholders As Gross Earnings Increase By 65.2% In 2023

Zenith Bank’s Gross Earnings Rises By 125% In 2023

UBA Gross Earnings Rises By 143% In 2023, Profit Hits N757.7bn

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