Lafarge Africa Plc has announced on the Nigerian Exchange Limited (NGX) a 4.7 per cent decline in profit to N51.14 billion in its audited result and accounts for the full year ended December 31, 2023 from N53.65billion reported in 2022. The cement maker saw its profit dropping by 4.7 per cent over N21.04billion foreign exchange…
Stanbic IBTC Bank, in its ongoing Reward4Saving Promo has rewarded 70 additional customers in the January draw, bringing the total number of beneficiaries to 1,424 since the inception of the promo in 2021. The bank in a statement noted that the Reward4Saving promo is currently in its third season and the promo will run from…
The Nigerian National Petroleum Company Limited and First Exploration and Petroleum Development Company Limited Joint Venture have supported 11 host communities in Bayelsa State with healthcare services. The free healthcare, which was part of the corporate social responsibility of the NNPC/First E&P OML 83 and 85 Joint Venture, reached over 3,400 residents in Koluama 1,…
Crypto exchange, Binance, has announced that it will discontinue services supporting naira on its platform starting Tuesday. In a notice on its website on Tuesday, Binance, which had been accused of manipulating the value of the Nigerian currency, said that starting this Friday, any remaining naira balances in user accounts will be automatically converted to…
Did you know that despite having one of the largest oil reserves in Africa, Nigeria faces a critical shortfall in meeting both its local and international energy obligations ,How can Africa’s leading oil producer turn this tide The answer lies in strategic investments in infrastructure, technology, security, environmental sustainability, human capital, and necessary policy reforms….
Against the backdrop of the migration of Nigerian professionals, commonly regarded as ‘japa syndrome’ to developed countries of the world, a human resource expert, Hilda Kabushenga, CEO, The African Talent Company, has said though the factors are beyond organisations, managing talents within the context of new work realities would check the trend. Kabushenga who made…
Over 70 million bank customers are at risk of losing access to their accounts when the Central Bank of Nigeria’s directive on restricting accounts without Bank Verification Numbers and National Identification Numbers goes into effect. The CBN had on December 1, 2023, in a circular directed that a ‘Post no Debit’ restriction be placed on…
The Board of Directors of Lafarge Africa has proposed a dividend of N1.90 per unit of its shares for the year ended December 2023 amounting to N30.60bn. This was lower than the N32.22bn dividend it paid in the previous year. In a corporate notice filed with the Nigerian Exchange Limited on Thursday, the proposed dividend…
The naira appreciated marginally against the United States dollar to N1,609 on Wednesday at the official market from N1,615.94 recorded the previous day. This indicates an increase of N6 or 0.37 per cent. The slight improvement came on the heels of series of foreign exchange guidelines issued by the Central Bank of Nigeria in recent…
