Many dead, houses razed as Nigeria records another tanker explosion
Many dead, houses razed as Nigeria records another tanker explosion No fewer than eight persons have so far been confirmed dead in a fire incident involving an oil tanker in Ometan community, in Okpe local government area of Delta State. It was gathered that the incident occurred on Friday when the ill-fated tanker coming from Effurun reportedly lost control while overtaking another truck a few metres away from the boundary bridge between Uvwie and Okpe Local Government Area. According to eyewitnesses, the front part of the oil tanker sudde…
Fidelity Bank records a 120.1% growth in PBT to N39.5bn in Q1 2024
Fidelity Bank records a 120.1% growth in PBT to N39.5bn in Q1 2024 Lagos, Nigeria, May 2, 2024: In line with its upward growth trajectory, leading financial institution, Fidelity Bank Plc, has posted an impressive 120.1% growth in Profit Before Tax from N17.9bn at the end of Q1 2023 to N39.5bn for Q1 2024. This was made known in the Bank’s unaudited financial statements released on the issuer portal of the Nigerian Exchange (NGX) on Tuesday, 30 April 2024. According to the statement, Gross Earnings increased by 89.9% yoy to N192.1bn from …
Stanbic IBTC Bank Nigeria PMI: New orders rise as inflationary pressures ease
Stanbic IBTC Bank Nigeria PMI: New orders rise as inflationary pressures ease Inflationary pressures softened in the Nigerian private sector during April, following record increases in purchase costs and selling prices in March. Rates of inflation remained elevated, however, and limited growth of output and new orders as well as leading some firms to reduce employment. The headline figure derived from the survey is the Stanbic IBTC Purchasing Managers’ Index™ (PMI®). Readings above 50.0 signal an improvement in business conditions on th…
Stanbic IBTC Asset Management launches Investbeta game show
Stanbic IBTC Asset Management launches Investbeta game show Stanbic IBTC Asset Management has launched the Investbeta game show, a distinctive and innovative initiative to improve financial literacy among young adults. The Investbeta game show will offer engaging quiz-style challenges covering various critical financial segments. From savings and budgeting to investments and retirement planning, the platform aims to teach financial education in a fun and memorable way, as participants compete for a slice of the ten million Naira investment…
Backward Integration: Dangote Targets 700,000MT of Refined Sugar in Four years
Backward Integration: Dangote Targets 700,000MT of Refined Sugar in Four years …As Q1 revenue rise by 20.1% to N122.7bn DSC1220: L-R: Company Secretary/Legal Adviser, Dangote Sugar Refinery Plc, Temitope Hassan; Group Managing Director/CEO, Dangote Sugar Refinery Plc, Ravindra Singhvi ; Executive Director, Dangote Sugar Refinery Plc, Mariya Aliko Dangote; and Chairman, Dangote Sugar Refinery Plc, Aliko Dangote, at the Dangote Sugar Refinery Plc 18 th Annual General Meeting, on Tuesday, April 30, 2024 in Lagos. Dangote Sugar Refinery Pl…
Leadership Means Always Believing in Better - CEO, Sterling Bank
Leadership Means Always Believing in Better - CEO, Sterling Bank Abubakar Suleiman, the Chief Executive Officer of Sterling Bank Limited, delivered an enlightening discourse on leadership during the prestigious Lagos Leadership Summit 2024, powered by the Lateef Jakande Leadership Academy, shedding light on the profound essence of effective leadership and its transformative impact on society. At the heart of Suleiman's message was the concept of leadership as a catalyst for change—a force that propels individuals and organizations to…
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Dangote cement export of clinker, cement increased by 87.2%
Dangote cement export of clinker, cement increased by 87.2% Management of Dangote Cement Plc has revealed that the company dispatched seven ships of clinker- from Nigeria to Ghana and Cameroon and that the export, for the first quarter of 2024 increased by 87.2 percent at 264kt. While the company commissioned 10 of the 17 Alternative Fuel Projects across the Group, the local demand for cement, in the same period under review in Nigeria increased significantly by 26.1 per cent to 4.6Mt and the overall group volume rose by 12.3 per cent to 7…
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