Business

Apr
30
2023
By Famous Reporters
Fidelity Bank Records Stellar Performance in FY 2022 • Declares total dividend of 50K per share

Fidelity Bank Records Stellar Performance in FY 2022 • Declares total dividend of 50K per share

Business, ,
Fidelity Bank Records Stellar Performance in FY 2022 • Declares total dividend of 50K per share   Fidelity Bank Plc, a leading financial institution released its 2022 Audited Financial Statements on the Nigerian bourse today. The results showed a 34.4% growth in Gross Earnings YoY to N337.1bn, driven by 45.2% growth in interest and similar income to N295.6bn. The increase in Interest Income was led by a combination of improved yield on earning assets and 19.1% YoY expansion in earnings base to N2.64trn. This led to a Profit Before Tax of N53.7 billion representing 112.9% annual growth. Commenting on the…
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Apr
26
2023
By Famous Reporters
Jeremy Awori, CEO of Ecobank Group rings closing gong at the Nigerian Exchange (NGX)

Jeremy Awori, CEO of Ecobank Group rings closing gong at the Nigerian Exchange (NGX)

Business,
      Jeremy Awori, CEO of Ecobank Group rings closing gong at the Nigerian Exchange (NGX)         The leading pan-African banking Group, Ecobank, today, introduced its new Group Chief Executive Officer, Jeremy Awori, to the market during his visit to the Nigerian Exchange (NGX). Mr. Awori, leading an Ecobank delegation, met Temi Popoola, CEO, NGX, and then joined brokers to ring the gong, signaling the end of the day's trading session.         Speaking at the event, Jeremy Awori said: “Participating in the closing gong ceremony at the Nigerian Exchange is a great honour for me…
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Feb
01
2023
By Famous Reporters
Dangote, Sinoma Sign Agreement On 6Mta Cement Plant In Itori, Ogun State   

Dangote, Sinoma Sign Agreement On 6Mta Cement Plant In Itori, Ogun State   

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Dangote, Sinoma Sign Agreement On 6Mta Cement Plant In Itori, Ogun State     Dangote Industries Limited (DIL) has signed an agreement with China Sinoma International Engineering to build a six million tons per annum cement plant in Itori, Ogun State.     The agreement was signed by the Chairman of Dangote Cement Plc, Aliko Dangote alongside the Group Executive Director, Strategy, Capital Projects & Portfolio Development, DIL, Devakumar Edwin, while China Sinoma Engineering was represented by its Group President, Yin Zhisong, and the company’s Chairman, Liu Renyue.   Dangote speaking at the signing ceremony, said that new integrated cement plant at completion will strengthen…
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Jan
26
2023
By Famous Reporters
FIRST BANK OF NIGERIA Ltd PARTNERS CFA SOCIETY NIGERIA TO HOST ITS ANNUAL FLAGSHIP EVENT, THE UNIVERSITIES ETHICS CHALLENGE

FIRST BANK OF NIGERIA Ltd PARTNERS CFA SOCIETY NIGERIA TO HOST ITS ANNUAL FLAGSHIP EVENT, THE UNIVERSITIES ETHICS CHALLENGE

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FIRST BANK OF NIGERIA Ltd PARTNERS CFA SOCIETY NIGERIA TO HOST ITS ANNUAL FLAGSHIP EVENT, THE UNIVERSITIES ETHICS CHALLENGE First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider has announced its partnership with CFA Society Nigeria to host its annual flagship event, the Universities Ethics Challenge final, scheduled to hold at Radisson Blu Hotel, Victoria Island Lagos on Saturday, 29 October 2022. The Universities Ethics Challenge is designed to increase students’ awareness of the ethical dilemmas and issues they may face when they become finance and investment management professionals. During the Ethics Challenge, students are given…
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Jan
15
2023
By Famous Reporters
Dangote Refinery Debunks Media Reports On Commissioning Date

Dangote Refinery Debunks Media Reports On Commissioning Date

Business, , ,
Dangote Refinery Debunks Media Reports On Commissioning Date   Contrary to news making the round that the Dangote Petroleum Refinery was set to be commissioned by President Muhammadu Buhari on January 24, the latest is that the information is untrue.   National Association of Online Security News Publishers, NAOSNP can report that this is official, as information from the company says the claim that Aliko Dangote’s $19 billion refinery is to be commissioned on January 24, 2023 is not to be, at least not for now.   The facility, which is situated in Lagos’ Lekki Free Zone, is owned by…
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Dec
23
2022
By Famous Reporters
Yuletide: Ecobank Reassures Customers Of 24-Hour Digital Banking Services

Yuletide: Ecobank Reassures Customers Of 24-Hour Digital Banking Services

Business, , , ,
Yuletide: Ecobank Reassures Customers Of 24-Hour Digital Banking Services   Lagos, December 22, 2022 Ahead of the Yuletide holidays, Ecobank Nigeria has reassured that customers will be able to shop seamlessly and carry out all their transactions via the Ecobank Digital platforms, which include the Ecobank Mobile app, USSD *326#, Ecobank Online, Ecobank OmniPlus, Ecobank Omnilite, EcobankPay, Ecobank RapidTransfer, ATMs, and PoS terminals. Also available to customers is an extensive distribution network of over 60,000 Ecobank Xpress Point agency banking locations spread across the country.   Speaking on Ecobank Mobile app, Osahon Akpata, Group Head, Consumer Payments, Ecobank, said the…
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Nov
21
2022
17 Comments
By Famous Reporters
Orji Kalu, PowerChina sign $500 M Agro-industrial parks deal

Orji Kalu, PowerChina sign $500 M Agro-industrial parks deal

Business, ,
Orji Kalu, PowerChina sign $500 M Agro-industrial parks deal   Former Governor of Abia state, Sen. Orji Kalu and PowerChina, Monday, in Abuja, signed the deal for the establishment of five Agro-Industrial parks, worth $500 million, in different parts of Abia state. Sen Kalu is facilitating the parks through SWIBER Africa in Alayi, Igbere, Ozu Item, Abiriba and Ukwueke.   According to him, PowerChina and SWIBER Africa would jointly fund the project to be handled by the Chinese firm. The former governor said that the industrial parks would fulfill objectives of providing employment opportunities for members of the communities and…
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Nov
19
2022
7 Comments
By Famous Reporters
Fronteirs for Digital Development 2022, powered by TechChange

Fronteirs for Digital Development 2022, powered by TechChange

Business, , , , ,
Fronteirs for Digital Development 2022, powered by TechChange Nigeria hosted The Frontiers of Digital Development Forum (FDDF) watch party in Lagos on the 2nd of November, 2022; The Crypto Verse Philanthropy; Nation states, foundations, and billionaires. The Global Digital Development Forum, by Tech Change, serves to consider more aspirational technologies and their practical utility (or lack thereof) for large-scale humanitarian and development objectives. The objective of the hybrid forum, which gave 30 participants the opportunity to attend physically and other global citizens across the globe, were in the session to be part of tough conversations on frontier tech. FDDF Ambassador…
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Jun
16
2022
By Famous Reporters
First Bank Emerges Second Most Admired Brand in Africa

First Bank Emerges Second Most Admired Brand in Africa

Business,
First Bank Emerges Second Most Admired Brand in Africa First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, has been ranked the Second Most Admired Financial Services Brand in Africa – for the second straight year – at the 2021 Brand Africa 100, Africa’s best brands event, held on Africa Day, recently. Brand Africa is an intergenerational movement inspiring a great Africa through promoting a positive image of Africa, celebrating its diversity and driving its competitiveness. It is a brand-led movement which recognises that in the 21st century, brands are an asset and a vector of…
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