Dangote Cement Plc says it has put in place plans to establish a block moulders academy to curb the spate of building collapse in the country, it said in a statement that the Academywould be structured and equipped to support the seamless transfer of requisite skills to block makers and artisans in the real estate…
Azman Air has asked all members of its staff to proceed on leave except for eight, The PUNCH can reveal. This comes barely a month after the resumption of scheduled flight operations following a shortage of aircraft. In a memo sighted by The PUNCH, which was signed by Azman Air’s Human Resource Manager, Magaji Misau,…
Zenith Bank Plc has signed a Memorandum of Understanding with the African Continental Free Trade Area Secretariat for the development of the SMARTAfCFTA Portal, for trade promotion within the African continent. The bank said in a statement that, the SMARTAfCFTA Portal had the capacity to provide information like trade indicators, market trends, custom tariffs, trade…
Africa’s Global Bank, United Bank for Africa Plc has assured customers of a memorable summer treat with the recent launch of exclusive benefits and discounts tied to its cards during this period. In a statement, it said its #FunSummer’ campaign, would enable customers to enjoy a wide range of privileges and savings between now and…
The Chief Executive Officer of Sterling Bank, Abubakar Suleiman, has acquired 50 million units of the shares of Sterling Financial Holdings Company Plc in a deal worth N168m. This was disclosed in a corporate notice on directors dealing which was filed with the Nigerian Exchange Limited on Friday.Suleiman, a non-executive director of the HoldCo, had…
By Ayomide Otitoju Lafarge Plc., a leading cement manufacturer in Nigeria, has defied economic challenges in the first half of 2023 as profit before tax rose by 18% in H1 2023, despite the expiration of the Pioneer Status Incentive (PSI), which impacted the Profit After Tax (PAT) growth. The unaudited financial report showed that net…
Banks have begun to increase interest rates on deposits in line with the sustained hike in the Monetary Policy Rate, MPR, by the Central Bank of Nigeria, CBN.At its last Monetary Policy Committee, MPC, meeting previous week, CBN raised MPR by another 25 basis points the sixth consecutive raise in the past one year, to…
Air Peace has said a passenger on board one of its flights who allegedly stole N1 million from another passenger’s bag has been caught, reports The News Agency of Nigeria. The spokesperson for the airline, Stanley Olisa, in a statement on Wednesday, said that the incident took place on board the Abuja-PHC flight P47192 on…
FCMB Group Plc grew its profit before tax for the half year 2023 to N38.2bn, marking a 148 per cent growth compared to N15.4bn in the corresponding period of 2022. It disclosed this in the group’s unaudited six-month results released on the Nigerian Exchange Limited on Tuesday. Across key indicators, the lender recorded impressive growth….
