RMBNigeria said it is proud to have worked with Dangote Industries Limited to facilitate a corporate bond issuance in the Nigerian capital markets. It said the N187.58bn Series 1 issuance was aimed at part-financing the completion of the Dangote Petroleum Refinery Project, a key infrastructure project for Nigeria and West Africa, which is currently scheduled…
In June 2021, the Federal Inland Revenue Service (FIRS) introduced its Naira denominated tax filing platform, the TaxPro Max, an online platform meant to ease tax compliance and modernise tax administration in the country. This is in compliance with the provisions of the Finance Act 2020 which empowers the FIRS to automate tax return filing…
The Lagos State Government has begun payment of compensation to 800 people affected by the right of way of the 32km Lagos Rail Mass Transit (LRMT) Red line project in Ogun State. The Managing Director, Lagos State Metropolitans Area Transport Authority (LAMATA), Mrs Abimbola Akinajo, made this known in a statement issued in Lagos. Akinajo…
Wema Bank Plc has launched the Leadership Development School as an addition to its Purple Academy to help in the overall development and transformation of its workforce. Speaking at the opening ceremony of the leadership school, the Managing Director/Chief Executive Officer of the bank, Mr Ademola Adebise, said organisations had a huge task to optimise…
The FCMB Group Plc has declared a 73.2 per cent growth in profit for the six months ended June 30, 2022. A statement said the bank recorded a profit before tax of N15.4bn, an equivalent of 73.2per cent year-on-year growth compared to N8.9bn in 2021. It also recorded 84.2per cent in the Banking Group, 42.7per…
REAL ESTATE firm, Efficacy Construction, has announced its partnership with UK-based engineering and technical consulting firm, Practique Solutions Limited, for the design and development of a golf course. The partnership is for its newly unveiled project, Peaks Resort and Golf Course, in Lagos. According to a statement, the Managing Director of Efficacy Construction, Dr Oyeleke…
DataPro, a leading technology-driven Credit Rating Agency, has in its latest report affirmed Providus Bank Plc’s long-term rating of “A-” with a Stable Outlook for the year 2021/2022. According to a statement by the rating agency, the “A-” indicates Low Risk and it indicates a very good financial strength, operating performance and business profile when…
The Central Bank of Nigeria has disbursed N68.13bn to beneficiaries under its 100-for-100 Policy on Production and Productivity since the commencement of the intervention. According to the bank, the CBN Governor, Godwin Emefiele, disclosed this in Lagos after the last Monetary Policy Committee meeting. “Furthermore, under the 100 for 100 Policy on Production and Productivity,…
Abbey Mortgage Bank’s customer deposits hit N21.2bn in 2021, signifying a 45.4 per cent increase from the previous year. The primary mortgage bank also grew loans and advances by 28 per cent to N6.2bn in the year under review. The bank disclosed this during its 30th Annual General Meeting where it presented financial results for…
