By Ayomide Otitoju In Africa, the agricultural sector is at the heart of economies. With a contribution of 30% of GDP and 55% of the working population in agriculture, the industry is of paramount importance for the continent’s socio-economic development. African agriculture has considerable assets. On the one hand, Africa is full of vast tracts…
Leading financial institution, Fidelity Bank Plc, has released its 2023 full-year Audited Financial Statements, reporting a 131.5% growth in Profit Before Tax to N 124,26 billion. According to the results, which were issued to the Nigerian Exchange (NGX) today, the bank grew Gross Earnings by 64.9% YoY to N555.83 billion, driven by 81.6% growth in…
OCP Africa, a subsidiary of OCP Group OCP Africa, has committed N10 million to the Brightest University Fund. The company announced an N100m crowdfunding campaign for the top 81 high school students studying agricultural science in Nigeria. A statement on Sunday noted the fund would be disbursed transparently, to provide scholarship opportunities to the best…
Zenith Bank Plc has announced its audited results for the year ended December 31, 2023, achieving a remarkable triple-digit growth of 125% in gross earnings from NGN945.6 billion reported in 2022 to NGN2.132 trillion in 2023. According to the audited financial results for the 2023 financial year presented to the Nigerian Exchange (NGX), this impressive triple-digit…
In a country with short-lived corporate excellence and a handful of centenary companies, hitting 130 years is undoubtedly a significant milestone for Nigeria’s premier financial institution, FirstBank. GEOFF IYATSE writes. Experience, they say, comes with age. Nothing else aptly defines the consistent growth of First Bank of Nigeria Limited (FirstBank) and its consistent reinvention as the conscience…
The Nigerian National Petroleum Company Limited, on Tuesday, declared that a tugboat conveying suspected illegally refined Automotive Gas Oil, popularly called diesel, has been by operatives of Tantita Security Services Limited. NNPCL said the tugboat was being escorted by a marine police boat in Rivers State before it was arrested by the security outfit, adding…
First City Monument Bank has reaffirmed its commitment to sustainable manufacturing by financing the newly inaugurated dried fruit manufacturing plant of Nature’s Bounty Health Products Limited in Abeokuta, Ogun State. A statement from the firm, which trades as ReelFruit, indicated that FCMB financed the 800-metric-ton manufacturing plant while affirming Nature’s Bounty’s commitment to large-scale production…
The shareholders of Zenith Bank would get about N109.88bn as dividends for the 2023 financial year. This was disclosed in the annual report, which was filed with the Nigerian Exchange Limited on Monday. Announcing the dividends, the bank, which is in the process of transitioning into a holding company, said, “The Board of Directors, pursuant…
Wema Bank Plc saw its deposits grow by 59.65 per cent to N1.86tn in 2023 from N1.16tn in the previous year. According to the lender’s full-year 2023 audited financial statement filed with the Nigerian Exchange Limited, its profit before tax improved by 196 per cent to N43.59bn from N14.75bn in 2022 and return on equity…
