Fidelity Bank Stock Upgrade Excites Investors
Fidelity Bank Stock Upgrade Excites Investors According to The Will newspaper, investors have commended the recent reclassification of Fidelity Bank Plc stock from small price stock to medium price stock. Giving his perspective on the development, Mr Boniface Okezie, the National Co-ordinator, Progressive Shareholders Association of Nigeria, commented, “Fidelity Bank has paid its dues in the financial services sector. It has contributed immensely to the development of the small and medium enterprises (SME) sector yet pays dividends to the sha…
FOR A THIRD CONSECUTIVE YEAR, ZENITH BANK MAINTAINS POSITION AS NIGERIA’S BEST COMMERCIAL BANK, ALSO NAMED BEST CORPORATE GOVERNANCE BANK AT WORLD FINANCE 2023 AWARDS
FOR A THIRD CONSECUTIVE YEAR, ZENITH BANK MAINTAINS POSITION AS NIGERIA’S BEST COMMERCIAL BANK, ALSO NAMED BEST CORPORATE GOVERNANCE BANK AT WORLD FINANCE 2023 AWARDS R - L: Dr. Ebenezer Onyeagwu, Group Managing Director/ Chief Executive of Zenith Bank Plc and Paul Richardson of World Finance during the presentation of the Best Commercial Bank, Nigeria and Best Corporate Governance Bank, Nigeria Awards to Zenith Bank Plc at the London Stock Exchange recently. For a third year running, Zenith Bank Plc has been named the Best Commerci…
Introducing Instant Video Messages
Introducing Instant Video Messages Voice messages on WhatsApp changed the way people communicate by providing a quick and secure way to share your voice. We’re excited to build on this feature with new instant video messages. Now you can record and share short personal videos directly in the chat. Video messages are a real-time way to respond to chats with whatever you want to say and show in 60 seconds. We think these will be a fun way to share moments with all the emotion that comes f…
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.…
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