Business & Economy - Page 20

By Mike Abbah The Central Bank of Nigeria (CBN) has injected $197.71 million into the foreign exchange (FX) market on Friday, April 4, 2025, last trading day for the week, as part of its ongoing commitment to ensuring adequate liquidity and

By Mike Abbah Gross earnings for FCMB Group climbed to N794.4 billion from N516.4 billion, with interest and discount income alone contributing almost four-fifths. Net profit at the banking holding company FCMB Group fell by more than one-fifth last year amid

The new Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), Bayo Ojulari, has officially taken over the reins of the company from his predecessor, Mr. Mele Kyari. Chief Corporate Communications Officer of the company Mr Olufemi

NNPC GCEOs from Inception, States of Origin, Universities Attended & Courses Studied 1. R. A. Marinho, 1977 – 1980 (Ogun, UI, Physics) 2. Odoliyi Lolomari, 1980 – 1981 (Rivers, Univ of London, Physics) 3. Lawrence Abiodun Amu, 1981 – 1985 (Edo/Lagos,

THE Enugu State government, South-East Nigeria has taken a bold step in advancing the nation’s aviation sector by acquiring four aircraft at a cost of ₦41.13 billion to establish Enugu Air. With this move, Enugu becomes one of only three Nigerian

The United States President, Donald Trump, Wednesday enacted sweeping new tariffs in a move that could escalate trade tensions globally at what he tagged “liberation day”. Trump said the U.S. will implement “reciprocal tariffs” on all countries of “approximately half” of

By Mike Abbah The Central Bank of Nigeria (CBN) has debunked the story making the rounds that it has introduced new N5,000 and N10,000 notes, “in a bid to reduce cash handling challenges”. Reacting to the story circulating in the social

Six banks in the country have posted N3.41 trillion as Profit After Tax (PAT) for the year 2024 ended against the N2.1 trillion recorded in 2023 financial year. This is in spite of diverse transaction and service complaints, dissatisfaction among customers

By Taiye Olayemi Wema Bank Plc has recorded a profit before tax of N102.51 billion. This marks an increase of 135 percent compared to the N43.59 billion recorded in 2023. The bank has proposed a dividend of N1.00 per share following its

By Taiye Olayemi The UAC of Nigeria has reported a profit before tax of N26 billion for 2024, marking a 107 per cent increase from the N12 billion recorded in 2023. The company disclosed this in a corporate filing with the