Transcorp Hotels Plc paid a total dividend of N717 million to its shareholders at its 8th Annual General Meeting held at Transcorp Hilton Abuja on Monday. The Chairman of the Board of Directors, Mr. Emmanuel Nnorom stated that the Company closed the 2021 financial year strongly, with an impressive gross revenue of N22bn, surpassing its…
The Federal Government has described the 650,000 barrels-per-day Dangote Petroleum Refinery as a game-changer that is capable of driving refining revolution in Africa. Minister of Information and Culture, Alhaji Lai Mohammed, who made this declaration during a media tour of the $19 billion Dangote Petroleum Refinery and Petrochemicals Plant at Ibeju-Lekki, Lagos, said the project…
Leading financial institution, Fidelity Bank Plc has recorded 35.7% growth in Profit Before Tax for its 2021 financial year to close the year at N38.1bn according to the bank’s recently issued financial result. Analysis of the results indicates that the bank grew Gross Earnings by 21.6% YoY (23.2% QoQ) to N250.8bn driven by a combination…
Debest Osarumwense, mother of Endurance Osarumwense, an internet fraudster a.k.a. ‘Yahoo boy was on Tuesday March 29, 2022, sentenced to five years imprisonment by Justice M. S. Shuaibu of the Federal High Court sitting in Benin City. Debest was arraigned by the Economic and Financial Crimes Commission on a one count charge for aiding her…
Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC has emerged as the Best Sub-Custodian Bank in Nigeria at the 2021 edition of the International Finance Awards. The International Finance Awards recognises industry talents, leadership skills, industry net worth and capability on an international platform. After careful consideration of nominations by a qualified…
Leading financial institution, Fidelity Bank Plc, is set to host a workshop for businesses looking to scale and expand their reach into new international markets. The training, which is scheduled for Wednesday, 6 April 2022 in Aba, Abia State, is being put together in collaboration with Export & Sell Limited -a trade enabling platform that…
In alignment with the Central Bank of Nigeria’s (CBN) Financial Literacy Day, Heritage Bank Plc, Nigeria’s Most Innovative Banking Service provider has joined the rest of the world in the celebration of 2022 Global Money Week. The 2022 Global Money Week was scheduled to take place from the 21st – 27th of March 2022 and…
Rivers State governor, Nyesom Ezenwo Wike says he is fully prepared for the assignment of being the President of Nigeria because he has the capacity to address lingering issues of insecurity and poor national economy. Wike maintained that Nigerians can no longer resign to fate, suffer the pains of harsh economy and wanton killings under…
Abuja Electricity Distribution Plc (AEDC) has announced the appointment of Mr Adeoye Fadeyibi as its new Managing Director/Chief Executive Officer. Fadeyibi, a turn-around manager with over 20 years executive management experience, succeeds Engr. Akinwumi Bada, who served as the company’s Interim Managing Director since last year and is now leaving to pursue other personal business…
The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has reacted to rumours of his purported presidential bid in 2023, stating that he is focused on strengthening the country’s economy. In a series of tweets on his Twitter handle @GodwinIEmefiele on Monday, the CBN Governor said his commitment at this time is to…