Deregulation: IPMAN, Stakeholders, Laud Polaris Bank, Emadeb Energy for landmark 20,000 metric tonnes PMS import
Deregulation: IPMAN, Stakeholders, Laud Polaris Bank, Emadeb Energy for landmark 20,000 metric tonnes PMS import The Independent Petroleum Marketers Association of Nigeria (lPMAN) has commended Polaris Bank, Nigeria's leading digital commercial Bank and Emadeb Energy Services Limited, one of Nigeria's leading indigenous players in oil and gas, for their collaborative efforts and strategic partnership that resulted in the recent importation of 20,000 metric tonnes of premium motor spirit (petrol) into the country. The National Oper…
Nestlé Nigeria–H1 2023 Financial Results
Nestlé Nigeria–H1 2023 Financial Results Lagos,July 29, 2023: Nestlé Nigeria PLC has announced a revenue of N 261.8 billion in the first half of 2023, an 17.7% increase compared to its performance in the same period of 2022. Gross profit is N 107.3 billion, an 34% increase over 80,205 earned in H1 2022. The Company posted a loss after tax of -N49.9billion, a 280% decline over the same period in 2022. The detailed financial results are available online at https://www.nestlecwa.com/en/investors/nigeria Commenting on the results, Mr. Wassim Elh…
Wema Bank showcases strong performance – Doubles Profitability. Commences Rights Issuance in Q3
Wema Bank showcases strong performance – Doubles Profitability. Commences Rights Issuance in Q3 -Wema Bank announces its unaudited results for Half Year ended 30th June 2023. The commercial bank achieved improved performance including Gross Earnings of ₦89.09bn, a y/y increase of 49% (H1 2022: ₦59.59bn). Interest Income up 53% y/y to ₦76.11bn (H1 2022: ₦49.75bn). Non-Interest Income up 32% y/y to ₦12.98bn (H1 2022: ₦9.85bn). Profit before Tax (PBT) was ₦12.05bn a y/y increase of 97% over the ₦6.13bn reported in H1 2022. Profit after Tax (PAT) …
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Dangote says over 30,000 skilled Nigerians work with expatriates to build Refinery Complex
Dangote says over 30,000 skilled Nigerians work with expatriates to build Refinery Complex Management of Dangote Refinery have debunked a report published on the online platforms of some media organisations that the company employed 11,000 skilled workers from India while allegedly neglecting youths from Nigeria and other African countries. In his response, the Group Chief Branding & Communications Officer, Anthony Chiejina said the report was written with malicious intent as it did not reflect the number of skilled Nigerians on site.…
Google lists Naira as payment option on Play Store
Google lists Naira as payment option on Play Store Technology firm, Google has listed Nigerian currency, Naira, as one of the currencies to be used for payment on its Play Store. This is the outcome of its partnership with Verve, which aim is to make digital transactions on Google Play Store easier for Nigerians. According to the firm, Nigerians can now use their Verve cards to make purchases on the Google Play Store. It stated that under its new partnership, Google would process Verve transactions within Nigeria, and the transactions would be…
2023 Hajj: Gov. Lawal honours pilgrim who returned $80,000
2023 Hajj: Gov. Lawal honours pilgrim who returned $80,000 Gov. Dauda Lawal of Zamfara on Thursday honoured Hajiya Aishatu Guru-Nahuche, a pilgrim from the state who returned missing 80, 000 dollars she found to the owner during the Hajj exercise in Saudi Arabia. The pilgrim who is from Bungudu Local Government handed over the 80,000 dollars, about N64.24 million, to officials of Zamfara Pilgrims Welfare Agency who returned the money to the owner. The governor commended the woman for her “uncommon sincerity”. “We have seen a clear example of h…
No Increase In Tuition Fees Of Federal Universities – Presidency
No Increase In Tuition Fees Of Federal Universities – Presidency The Presidency has categorically refuted claims of any increase in tuition fees of federal universities in the country. The clarification comes in response to widespread media reports earlier this week, which erroneously suggested a hike in educational costs. Presidential spokesman, Dele Alake, in a statement on Wednesday clarified that the recent announcements made by some universities pertaining to discretionary charges, were unrelated to tuition fees. He further explained that…
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