BUSINESS NEWS

Reaffirming its commitment to enriching the lives of its customers, leading financial institution, Fidelity Bank Plc, has presented cash prizes to winners of the February draw of the Get Alerts in Millions season 5 promo (GAIM 5). The prize presentation event was held at the Fidelity Bank branch Suru Alaba, Lagos and several branches across […]

Transcorp Hotels Plc has announced a gross profit of N16.23 billion for the year ended December 31, 2021 as against N6.67billion reported in 2020, indicating a 143 per cent increase The results released to the Nigerian Exchange Limited (NGX) showed a 114 per cent growth in revenue to N21.74billion from N10.16billion in 2020. The hospitality company proposed […]

Wema Bank Plc, has reaffirmed its commitment to empowering and educating Small and Medium Enterprises (SMEs) with skills and knowledge on current business trends. The Divisional Head, Retail Business, Wema Bank Plc., Dotun Ifebogun, disclosed this at the bank’s first-quarter SME webinar series themed ‘From Talent to Wealth: Building your Talent into a Successful Business.’ […]

BRENT, the crude against which Nigeria’s oil is priced, crossed the $105/barrel price on Tuesday, as it rose to the highest price ever recorded since about 14 years following the ongoing war in Ukraine after it was invaded by neighbouring Russia. In order to gain from the rising price of crude, the Nigerian National Petroleum […]

  The Coca-Cola Hellenic Bottling Company (CCHBC) has again been rated Europe’s Most Sustainable Beverage Company. This makes it the 11th consecutive year of its ranking among the top three beverage industry performers globally. The S&P Global’s Annual Yearbook disclosed this, which confirms the 2021 Dow Jones Sustainability Index (DJSI), one of the world’s leading […]

Zenith Bank said its full-year profit hit a record N244.6 billion in 2021, boosted by trading gains that rose 37.6 per cent. With N14 billion over the profit amount posted in 2020, the bank sustained its tradition of growing its profits every succeeding year. The bank’s gross earnings for 2021 expanded by almost one-third from N696.5 […]

  The price of bread, one of the most commonly eaten staples in most Nigerian homes is set to rise if the current Russian-Ukrainian war persists. Russia is the world’s largest exporter of wheat, accounting for more than 18 per cent of international exports. The downside to the war is that if supply from Russia […]