Retail lender, Unity Bank Plc has posted gross earnings of N27.6 billion for its 2022 half-year results, representing a growth of 17% year-on-year. In its unaudited half-year financials submitted to the Nigeria Exchange Group Limited, the Bank also made significant improvements across key performance indicators. The Bank grew Profit Before Tax (PBT) by 23% which […]

  …Hands Over Title Documents Of Shoe Company To Governor As part of its strategy to partner, support, and help revitalize businesses in its portfolio over huge debt, the Asset Management Corporation of Nigeria (AMCON) in Abuja on Friday, handed over the original title documents of Standard Shoe Company Limited (SSCL), a footwear manufacturing factory […]

…as Exchange Goes Live   Lagos Commodities and Future Exchange (LCFE), Heritage Bank Plc, Capital Market players and other stakeholders have unlocked the $1trillion (N445trn) commodities ecosystem as avenue to diversify the economy from a crude oil dependent economy to other critical economic sectors. This was revealed at the historic Commissioning Ceremony and Official Launch […]

TAJBank Limited Nigeria’s leading non-interest bank has secured approval for nationwide banking operations from the Central Bank of Nigeria (CBN). The bank’s Managing Director, Mr Hamid Joda, made this known in a statement on Wednesday. Joda said that the license was coming on the heels of several awards bagged by the bank in its past […]

The Sovereign Trust Insurance Plc, in 2021 settled claims totaling N3.7billion to various policyholders spread across the country, with affirmed commitment and capacity to honour all genuine claims as and when due. The Head of Corporate Communications and Investor Relations for the Organization, Mr. Segun Bankole while sharing information regarding the company’s preparation for its […]

The House of Representatives has passed a bill after the second reading to stop the Governor of the Central Bank of Nigeria (CBN) from participating in future elections in the country.  Rep. Sada Soli, the sponsor of the Bill at the plenary in Abuja on Tuesday explained that the bill would add more conditions to […]

A former Commissioner for Finance in Imo State and currently Professor of Capital Market at the Nasarawa State University Keffi, Uche Uwaleke has given insight into what to expect in the fixed income and equities market for the remaining part of the year. Speaking as a guest lecturer at the July 2022 monthly forum of […]

  The Bayelsa State Government has indicated interest in partnering Heritage Bank Plc on youth empowerment and sport development. The Deputy Governor, Senator Lawrence Ewhrudjakpo disclosed the interest of the State Government during a courtesy call with the Commissioner for Youths and Sports, Daniel Igali and others on the Management of the Bank, at Heritage’s […]

China’s homegrown C919 narrow-body jet, designed as an equivalent of the Airbus-Boeing (AIR.PA)(BA.N) duopoly, is nearing certification as its test planes completed all of the test flight tasks, the company has said. The state-owned manufacturer Commercial Aircraft Corp of China (COMAC) said on its official social media account that the six test planes have finished […]

A state of emergency has been declared in a part of California as the largest active wildfire in the US rapidly spreads near Yosemite National Park. The Oak Fire has quickly grown since starting on Friday, and firefighters have struggled to get the blaze under control. “Explosive fire behaviour is challenging firefighters”, California’s fire department […]