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…
Access Pensions Limited, a subsidiary of Access Holdings, has acquired a majority stake in ARM Pensions Managers Limited. In a statement from Access Holdings on Saturday, the ‘no-objection’ of the National Pension Commission and the approval of the Federal Competition and Consumer Protection Commission were received through Access Golf, a majority shareholder in Access Pension….
The Nigerian National Petroleum Company Limited remitted literally zero funds to the Federation Account in 2022 due to the payment of subsidy on Premium Motor Spirit, popularly called petrol, the Chief Financial Officer, NNPCL, Umar Ajiya, has said. NNPCL is a major revenue generating agency in Nigeria, operating as the national oil company in charge…
Ecobank Nigeria, a subsidiary of the Ecobank Group, the leading pan-African banking group has announced mouthwatering interest rates on its SuperSavers accounts. SuperSavers account is a high-yield savings account type tailored for customers who wish to maximize their returns on savings while benefiting from a customer-focused banking experience. The six months reward programme runs between…
FCMB Group has reported a 206.86 per cent increase in its profit for the financial year ended December 2023 to N95.52bn. This was revealed in the unaudited annual report and financial statements filed with the Nigerian Exchange Limited on Friday. FCMB’s profit was boosted by increases in interest and discount income to N355.68bn and fees…
The Chief Executive Officer of Cooperative Mortgage Bank Ltd., Femi Adewole, has disclosed that of the about 340,000 policemen in the country, only about 30,000 are housed. He stated this at the maiden edition of the Nigeria Police Housing Summit with the theme “Renewed Hope for Police Housing in Nigeria”, held recently in Abuja. called…
