First City Monument Bank Group Plc, has announced an N104bn profit before tax for the period ending December 31, 2023, marking an increase of 186 per cent year-on-year from N36.6bn in 2022. The group said the growth was reflected across all business segments, with the Banking Group, Consumer Finance, Investment Management, and Investment Banking divisions…
Chief Executive Officer of Sterling Bank Limited, Abubakar Suleiman, has called for a purpose-driven leadership society to deliver a transformative impact. According to a statement from the bank, Suleiman made this call while delivering an enlightening discourse on leadership during the Lagos Leadership Summit 2024, powered by the Lateef Jakande Leadership Academy. In his address,…
Ibom Airline has purchased and launched a new Airbus A220-300 into commercial service. The Akwa Ibom state-owned airline launched the plane into commercial service on Monday,, with flights from Uyo to Lagos. PUNCH gathered that the A220 with registration 5N-CDA, which arrived at the airline’s base in Uyo on December 8, 2023, from Mirabel, Canada,…
Co-founder of Aluko & Oyebode, one of the largest integrated law firms in Nigeria, Gbenga Oyebode, has been appointed as the chairman of the Board of Directors of Lafarge Africa. Oyebode succeeded Mr Adebode Adefioye, who voluntarily retired as Chairman. A statement filed with the Nigerian Exchange Limited revealed that Adefioye voluntarily stepped down as…
According to the order, the commission said the move was necessitated after MAPs and other operators requested a further review of metre prices in consideration of the significant changes in foreign exchange and inflation rates since NERC’s last price review in September 2023. It said the significant changes in these macroeconomic variables had constrained the…
Queues have resurfaced in major cities like Lagos and Abuja, snaking into the roads and leaving millions of commuters stranded. But IPMAN in Rivers State told Channels Television in an exclusive interview that there is enough fuel stock, dousing fears of queues returning to filling stations in the area. The IPMAN Rivers State Public Relations…
Following the recent rebound of the naira against the dollar, the price of a 50-kilogram bag of rice has dropped to an average of N67,000 in Lagos, Abuja, Ogun, and others, from about N90,000 in February 2024. In communities close to the borders, our correspondents gathered that the staple was selling at a much lower…
The site sits outside of Kenya’s capital and welcomes most of the city’s solid waste. Amid plastic, glass and other wastes, food can also be scavenged. Waste picker Anne Wangui earns about $3 a day. “We scavenge the food that comes here and sell it to pig farmers. Per day, I can make around Ksh…
Small and medium enterprises (SMEs) in the country have been advised to embark on brand repositioning to survive the current competitive environment. General Manager, Enterprise Marketing, MTN Nigeria, Charles Okonkwo, made this submission in his presentation titled: Positioning your brand for a success in a competitive market, delivered at the Ecobank MySME Growth Series webinar….
