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Nnamdi Okonkwo, the managing director of Fidelity Bank, has been named the banking sector CEO of the decade at the recently held BusinessDay Banks and Other Financial Institutions (BAFI) Awards.

Fidelity boss named banking sector CEO of the decade

Nnamdi Okonkwo, the managing director of Fidelity Bank, has been named the banking sector CEO of the decade at the recently held BusinessDay Banks and Other Financial Institutions (BAFI) Awards.

NAMB to audit MFBs to deepen financial inclusion

The National Association of Microfinance Banks (NAMB) is set to conduct a nationwide audit of all licensed microfinance banks (MFBs) in the country.
Mele Kyari, group managing director, Nigerian National Petroleum Corporation (NNPC), says buyers were begged to purchase Nigeria’s crude oil at $9 per barrel in April.

We begged buyers to purchase crude oil at $9 per barrel in April –...

Mele Kyari, group managing director, Nigerian National Petroleum Corporation (NNPC), says buyers were begged to purchase Nigeria’s crude oil at $9 per barrel in April.

Capital market operators oppose Nigerian government’s proposed unclaimed dividend fund

The proposed plan by the Federal Government to manage unclaimed dividends, projected to hit N200bn by the end of this year, has drawn the ire of capital market operators on the adverse effects on investor confidence and future growth of the market.
The Transmission Company of Nigeria, TCN, said the power sector has recorded yet another national peak generation of 5,520.40MW on 30th October, 2020 at 9.15pm,

NDPHC to complete four NIPPs with 2000MWs combined capacity

The Niger Delta Power Holding Company (NDPHC) has unfolded plans to complete four Nigerian National Integrated Power Project (NIPPs) with 2000MegaWatts combined capacity.

NNPC targets profitability by 2021 – chief

The Nigerian National Petroleum Corporation (NNPC) has restated its commitment to efficiency, openness, transparency and prudence in service delivery if it is to realise its objectives and meet the expectations of its shareholders.
Mele Kyari,

Mele Kyari: NNPC will declare dividends in 2020 in spite of coronavirus

Mr Mele Kyari, Group Managing Director, Nigerian National Petroleum Corporation (NNPC) says he is optimistic that the corporation will declare dividends in 2020 in spite of the challenges posed by the COVID-19 pandemic.
A Zenith Bank logo is seen on a sign on top of the bank in Freetown, Sierra Leone August 19, 2017. REUTERS-Afolabi Sotunde

Zenith Bank, UBA post N963.4 billion gross earnings, N236 billion profit

Zenith Bank Plc and United Bank for Africa (UBA) Plc, pan-African financial institutions, have reported a combined gross earnings of N963.375 billion and profit after tax (PAT) of N236.132 billion for the nine months ended September 30, 2020 despite the challenging operating environment.
UBA - United Bank for Africa

UBA grows gross earnings to N454.4 billion in Q3 2020

United Bank for Africa (UBA) has announced a 5.99 percent growth in gross earnings from N428.7 billion in September 2019 to N454.4 billion in 2020.

Investors kick as Nigerian government plans take-over of N158 billion unclaimed dividend

Investors in the Nigerian capital market have expressed disgust over the plan by the Federal Government to take over the N158 billion outstanding unclaimed dividend in the market.
Shareholders of Ardova Plc (AP) have said the agreement for the company to sell lubricants of Shell in Nigeria is a positive development that will boost the performance of the petroleum products marketing firm.

Ardova shareholders upbeat on Shell lubricants deal

Shareholders of Ardova Plc (AP) have said the agreement for the company to sell lubricants of Shell in Nigeria is a positive development that will boost the performance of the petroleum products marketing firm.
Director General of the SEC, Mr. Lamido Yuguda, stated this on Tuesday at a Webinar organised by the Nigerian Stock Exchange (NSE), in collaboration with the Nigeria Governors’ Forum (NGF) and the Nigerian Investment Promotion Council (NIPC) with the theme: Privatisation in Nigeria and the Outlook for Subnational Economic Development.

SEC: Governments can unlock potentials by privatisation

The Securities and Exchange Commission, SEC, has stated that the Federal and State Governments have the capabilities to unlock enormous potentials through privatisation.
Governor Willie Obiano

Anambra taskforce arrest 10 illegal revenue agents in Onitsha

Anambra State joint taskforce against touting and illegal internal revenue agents have arrested about 10 suspected illegal revenue agents extorting drivers and passers-by around Bridgehead and Upper-Iweka area of Onitsha.
Apple has officially announced its latest iPhones and confirmed that, yes, there’s a huge, squircle-shaped camera bump on the back of each of these new phones.

Apple faces litigation over shareholders’ losses

A U.S. district court in California Wednesday ordered Apple Inc to face a proposed class-action lawsuit by shareholders who lost billions of dollars as a result of fall in demand of iPhones in China.
Jaiz Bank Plc, on Sunday, said it has promoted 216 staff while193 staff got step-wise notch increment as part of its tradition of rewarding and motivating employees for higher productivity.

Jaiz Bank: Why Shaheed Khan cannot be MD now

Managing Director of the bank, Mallam Hassan Usman, told journalists on Sunday in Abuja that Khan had only a three year conditional offer, which the Central Bank of Nigeria (CBN) did not agree to.
A sign marks a rendezvous location for Lyft and Uber users at San Diego State University in San Diego, California, U.S., May 13, 2020. REUTERS-Mike Blake-File Photo

Uber, Lyft lose appeal in case classifying California drivers as employees

A California appeals court on Thursday unanimously ruled against ride-hailing companies Uber and Lyft, saying they must reclassify their drivers in the state as employees.
According to the cement company’s Group Chief Financial Officer, Mr. Guillaume Moyen, Dangote Cement, is focused on growing the Nigerian economy.

Dangote Cement pays over N1 trillion dividends in seven years

Dangote Cement has grown the wealth of its shareholders, paying over N 1 trillion as dividends in the past seven years.
Premier League has been hit by 14 new cases of coronavirus since teams returned to training, reports claim.

Premier League secures China broadcast deal with Tencent

England’s Premier League said on Thursday its shareholders had unanimously agreed to a broadcast deal in China for the 2020/2021 season with digital media platform Tencent.

Recent Stories

FCTA spent N29 billion on coronavirus during lockdown – minister

The Senate has been told that the Federal Capital Territory Administration, FCTA spent a total sum of N28.5billion on some activities within the Federal Capital Territory, FCT during the outbreak of the Coronavirus COVID-19 pandemic, especially during the lockdown.
The Chairman of the Nigerian Communications Commission (NCC), Professor Adeolu Akande, has said only good governance will silence social media from its criticism of government.

Only good governance will silence social media criticism – NCC chair

The Chairman of the Nigerian Communications Commission (NCC), Professor Adeolu Akande, has said only good governance will silence social media from its criticism of government.

INEC expresses readiness for saturday bye-elections in 11 states

The Independent National Electoral Commission, INEC, has expressed readiness for the conduct of bye-elections across 11 States this Saturday.

APC sets agenda for reappointed INEC chairman, tasks him on fairness

Following the Senate’s clearance of reappointed Chairman of the Independent National Electoral Commission INEC, Prof. Mahmood Yakubu, the ruling All Progressives Congress APC has set an agenda for the chief electoral umpire, urging him to be unbiased and apolitical.

Experts identify free zones as key route for economic recovery

As policymakers and investors explore all options available to revive the post-COVID-19 economy, a group of experts have recommended an increased focus on the industrialisation and vibrant trade flows found in Nigeria’s free trade zones.