Labour continues strike deadlines, economic hardships deal workers deepening blows Deborah Tolu-Kolawole Kindly share this story: As the economic crisis bites harder, workers under the aegis of the Nigeria Labour Congress and the Trade Union Congress, are waiting for the Federal Government to take concrete actions on the Memorandum of Understanding it signed with labour leaders, DEBORAH TOLU-KOLAWOLE writes These are not the best of times for Nigerians, including workers with the inflation going up and eroding their purchasing power. The Fede…
N’Assembly to probe lawyers, others behind $11bn P&ID scandal The House of Representatives, on Wednesday, resolved to investigate legal and other service providers involved in the case between Nigeria and foreign firm, Process and Industrial Development Limited. Following a botched gas project, P&ID had dragged Nigeria to arbitration and won an $11bn award against the country. The Federal Government, however, appealed on the basis that the ill-fated gas processing contract was obtained through a fraudulent process. In a verdict on Mon…
Fidelity Bank boosts Nigeria’s Non-oil Exports with FITCC Houston … Signs $40million deal with AFREXIM Bank and JohnVents Industries for cocoa export The much-anticipated second edition of the Fidelity International Trade and Creative Connect (FITCC) got off to a boisterous start on Tuesday, 24 October 2023 as leading financial institution -Fidelity Bank Plc -hosted a broad range of businesses, regulators, members of the diplomatic corps and other guests to the opening ceremony in Houston, Texas, United States of America. Tagged FITCC Hous…
GTCO Plc Releases Q3 2023 Unaudited Results …….. Reports Profit Before Tax of ₦433.2billion Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has released its Unaudited Consolidated and Separate Financial Statements for the period ended September 30, 2023, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group reported profit before tax of ₦433.2billion, representing an increase of 155.2% over ₦169.7billion recorded in the corresponding period ended September 2022. The Group’s loan book (net) grew by 17.7% f…
We Are Proud Of Dangote – President Tinubu The Dangote Group on Sunday, October 22nd, 2023 received a significant accolade from President Bola Ahmed Tinubu, who expressed Government’s position over the company’s numerous strides in Nigeria and across Africa. L-R: Consultant, ECOWAS Common Investment Market, Prof. Jonathan Aremu; Executive Secretary/CEO, Nigerian Investment Promotion Council, Aisha Rimi (who represented the Minister of Trade and Investment); Group Managing Director, Dangote Industries Limited, Olakunle Alake; former Mini…
Stanbic IBTC Bank's Reward4Saving 3.0 Promo: 70 lucky customers win exciting cash prizes in the maiden draw Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has rewarded 70 customers with cash prizes in the maiden draw of its Reward4Saving 3.0 Promo. The first draw of this season, which took place at the Stanbic IBTC Head Office in Walter Carrington Crescent, Victoria Island, Lagos, saw new and existing customers from seven regions win cash prizes of ₦100,000 each for meeting the savings milestone. Stanbic IBTC Bank aims to m…
Suleiman Identifies Infrastructure, Positive Narratives as Key to Nigeria's Tourism Industry Growth L-R: Head of Tourism, Culture & Art, Sterling Bank, Abiola Adelana; Speaker, Osun State House of Assembly, Mr. Adewale Egbedun and Commissioner of Tourism, Arts & Culture, Lagos State, Mrs. Toke Benson-Awoyinka at the World Tourism Day Managing Director and Chief Executive Officer of Sterling Bank Limited, Mr. Abubakar Suleiman has identified the need to fix infrastructure, promote positive narratives about Nigeria and advocacy by st…
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