First Bank of Nigeria, FBN Holdings Plc, has confirmed that Barbican Capital Limited, an affiliate of Honeywell Group has purchased an additional 4,777,269,84 of its shares to take its stake to 13.3%.Capital market operators who confided in Vanguard noted that this movement might bring back Oba Otudeko, who is the chairman of Honeywell Group back…
Prudential Zenith Life Insurance Limited has said its profit after tax rose by 18 per cent as of the end of December 31, 2022. In a statement, the firm said PZL celebrated 175 years, and the parent company’s eight Prudential Plc subsidiaries in Africa. “During the period, PZL registered 18 per cent growth in profit…
he Federal Inland Revenue Service (FIRS) has extended the deadline for the submission of company income tax returns for 2023 year of assessment (YOA) till August 31, 2023. Initially, the deadline for filing of the returns was June 30. In a notice released on Monday, Muhammad Nami, FIRS executive chairman, said the extension is in…
oreign investors overlooked 28 states as the value of capital importation into Nigeria grew by 6.78 percent in the first quarter of 2023, according to the National Bureau of Statistics (NBS). The total capital imported stood at $1.13 billion, up from the $1.06 billion recorded in Q4 2022. According to the NBS report, the 28…
The Nigerian Civil Aviation Authority (NCAA) says Air Peace delayed the highest number of domestic flights in the first quarter of 2023. The aviation authority made this known in a report on international and domestic flight operations. Of the 18,288 domestic flights in Q1 2023, 10,128 were delayed, representing 55 percent and 284 (1.55 percent)…
By Ayomide Otitoju The Federal Government has approved the use of Lafarge Africa’s cement brand, Roadcem, for use in road construction. The approval was granted by the Federal Ministry of Works and Housing, according to a statement by the company. The product, which is environmentally friendly, increases the strength and bearing capacity of the roads,…
The Group Managing Director of Access Holdings, Hebert Wigwe has consolidated his position as the Bank’s majority shareholder with an acquisition of 50 million shares. The acquisition was contained in a notice of share dealing by an insider to the Nigerian Exchange Limited. It was signed by the company’s secretary, Sunday Ekwochi. The 50 million…
By Ayomide Otitoju Leading innovative and sustainable building solutions company, Lafarge Africa Plc, has announced the launch of Eco Label brand to transparently communicate the environmental benefits of its sustainable building solutions. The Eco Label branding builds on the company’s net zero pledge and supports its ambition to accelerate green construction with the use of…
By Ayomide Otitoju FirstBank has launched an industry first Humanoid Robot at its Adetokunbo Ademola VI, Lagos Digital Experience Centre (DXC) Branch The robot is among the phased configuration of the bank’s state-of-the-art digitally led self-service branch The Humanoid Robot is equipped with Video Banking and Artificial Intelligence (AI), taking on the role of a friendly…
