116 customers of Wema Bank were rewarded with about N8m in the sixth monthly draw of the bank’s 5 for 5 Promo Season 3. In a statement, the firm said the live draw, which was held at the Oba Adesida branch of the bank in Akure, Ondo State, recently, featured over 70 customers at the…
An analysis of NNPCL’s latest Consolidated and Separate Financial Statements for the Period Ended December 31, 2022, indicates that the eight blocks are located in deepwater, five blocks are continental shelf, fifteen blocks are on land, five blocks are located in swamp and another three blocks are located in partially swamp terrains. The blocks are…
Leading customer- focused telecommunication company, 9mobile, has announced the emergence of 90 winners from the first draw of the Choplife promotion. The promotion, which commenced in December 2023 has been a resounding success, giving customers the chance to win incredible prizes for their loyalty and support to the brand. The winners from across various regions…
The mechanical completion of the Warri Refining and Petrochemical Company is scheduled for completion in the first quarter of this year, the Nigerian National Petroleum Company Limited has said. WRPC, located in Warri, Delta State and established in 1978, is one of Nigeria’s three refineries under the management of NNPCL. The other two include the…
Airtel Africa has revealed plans for a $100m share buyback programme starting March 2024. This is as the company also reported a 99.6 per cent decline in its post-tax profit to $2m at the end of the nine months ended December 2023 from $523m at the end of the same period in 2022. Providing insights…
Fortified Sugar brought in the highest revenue to BUA Foods of its different business segments in 2023. The firm’s total revenue rose by 74.13 per cent to N728.48bn in 2023 from N418.35bn in the prior year, underpinned by 153 per cent growth in income from fortified sugar to N327.55bn. This was revealed in the unaudited…
The naira yesterday exchanged at N1,500 to dollar at the parallel market.At the Nigerian Autonomous Foreign Exchange Market (NAFEM)- the official market, the naira traded at N1,455.59 to dollar. The local currency has continued to depreciate at both official and parallel markets over persistent dollar scarcity. The naira on Wednesday exchanged at N1,482.57 to dollar…
Ogun State Governor, Prince Dapo Abiodun, has emphasized the crucial role of collaboration with the private sector in addressing the challenges of sustainable economic growth and job creation.The governor expressed appreciation for the contributions made by Lafarge Africa Plc to the socio-economic development of state. He acknowledged the company’s longstanding commitment to the local economy…
….to Empower Over One Million SMEs Ecobank Nigeria, a subsidiary of the Ecobank Group, the leading pan-African bank has launched an innovative training program targeted at empowering operators of small and medium enterprises (SMEs) in the country. Through the initiative, titled MySME Growth Series, the Bank will train over 1 million SME operators across the…
