High Cost of Living: Union Bank Raises Employee Compensation Twice
High Cost of Living: Union Bank Raises Employee Compensation Twice It is no longer news that most Nigerians are experiencing severe economic hardship due to the recent FX policy and subsidy removal. The economic challenges arising from the opening up of the foreign exchange market and the removal of petrol subsidies have resulted in soaring inflation and a significant drop in the value of the Naira against the Dollar. This has led to skyrocketing fuel prices, affecting the costs of other essential commodities and services, including food item…
2023 Half Year: Dangote Cement reports a robust Pan-African performance
2023 Half Year: Dangote Cement reports a robust Pan-African performance Dangote Cement has reported a robust Pan-African performance for the half year ended June 30, 2023, with sales volume hitting 5.4Mt. The Pan-African region includes all the cement plant’s operations outside Nigeria. Total sales volume for the Group within the period was 13.4Mt. According to the company’s six months unaudited results, sales volume for Pan-African operation was up 11.6 percent compared to 4.9Mt in H1 2022. The total pan-African volume accounts for 40.4 pe…
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…
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