BUSINESS

BY ABU-SATAR HAMED LAGOS, NIGERIA – NOVA Bank has announced the appointment of David Isiavwe as Executive Director of Operations and Information Technology, and Chinwe Iloghalu as Executive Director of Institutional and Commercial Banking. These strategic appointments are part of NOVA Bank’s efforts to reinforce its leadership team, aligning with …

ABEOKUTA, OGUN STATE, NIGERIA  A- Five million dollar British Battery Recycling Company is to be set up in Ogun State. The British High Commissioner in Nigeria, Mr. Richard Montgomery, disclosed this on Wednesday, September 18, 2024, when he led some officials of the Commission on a courtesy call on the …

LAGOS, NIGERIA – The management of Dangote Refinery has denied the claim made by Nigerian National Petroleum Corporation Limited (NNPCL) spokesperson, Mr. Olufemi Soneye, regarding the price of Premium Motor Spirit (PMS). According to Soneye, Dangote Refinery was allegedly selling its PMS at N898 per litre to NNPCL. The refinery’s …

ABEOKUTA, OGUN STATE, NIGERIA – A delegation from the Ogun State Chambers of Commerce, Industry, Mines and Agriculture (OGUNCCIMA) has recently returned from Giessen, Germany, where they acquired valuable insights into the country’s esteemed Vocational Education and Training (VET) system. The primary goal of the trip was to explore potential …

… NNPC Trucks Begin Lifting Petrol From Dangote Refinery BY ABU-SATAR HAMED LEKKI, LAGOS, NIGERIA – The Federal Government has announced that the start of petroleum lifting from the Dangote Petroleum Refinery and Petrochemicals marks a significant return to industrialisation and local refining in Nigeria. This milestone is seen as …

LAGOS, NIGERIA – September 2024: Guaranty Trust Holding Company Plc (“GTCO” or the “Group”), has released its Audited Consolidated and Separate Financial Statements for the period ended June 30, 2024, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group reported profit before tax of ₦1.004trilion, becoming …

LAGOS, NIGERIA – September 06, 2024 – Guaranty Trust Bank Ltd (“GTBank,” or “the Bank”), flagship subsidiary of Guaranty Trust Holding Company Plc (GTCO), one of the largest financial services institutions in Africa, has been named Best Bank in Corporate Social Responsibility in Nigeria at the prestigious Euromoney Awards for …

BY ABU-SATAR HAMED LAGOS, NIGERIA – For the seventh consecutive years, Dangote Industries Limited has again emerged as most valuable brand in Nigeria, leading other top brands like MTN, Airtel, Access Bank, Globacom and many others. The latest report of the TOP 50 BRANDS NIGERIA® rankings, an annual celebration of …

ABUJA, FCT, NIGERIA – The Federal Competition and Consumer Protection Commission (FCCPC) has issued a one-month moratorium to traders and other market stakeholders engaged in exploitative pricing, demanding they reduce the prices of goods. The newly appointed Executive Vice Chairman of the FCCPC, Tunji Bello, announced this during a one-day …

LAGOS, NIGERIA – Zenith Bank’s profits has gotten a major boost from gains made on its trading books which soared to N871.6 billion for the first 6 months of the year up from N77.9 billion a year earlier. The Bank reported this in its 2024 second quarter results showing pre-tax …