PBT Rises By 59 Percent to N4.8b, Pays Dividend – Wema Bank
Wema Bank Plc on Friday released its audited financial results for the full year ended December 31, 2018 which showed that its Profit Before Tax (PBT) rose by 59 per…
Just In: N8.7bn Debt: Innoson Motors Moves To Take Over Gtbank
Innoson Nigeria Limited, Nigeria’s indigenous vehicle production company, has instituted a move to take over Guaranteed Trust Bank, GTB, following a ruling by the Supreme Court over the bank’s N8.7…
Transcorp Group Unveils Strategy To Drive 2019 Projections
Transnational Corporation Plc has set strategies to maintain strong business performance displayed in the recently released 2018 year-end results. The company articulated its robust growth projections for the year 2019…
FG Seeks Agricultural Collaboration With The Netherlands
The Minister for Agriculture, Chief Audu Ogbeh has said the Nigerian government spends at least $60 million to import fish on an annual basis. The Premier News understands that the Minister gave…
More Millionaires To Emerge In UBA Wise Savers Promo
No less than 20 customers have been rewarded with N1.5 million each since the UBA Wise Savers Promo began in September 2018. More customers will be rewarded as the bank…
FG Plans To Borrow N1.6tn In 2019 —DMO
The Director-General, Debt Management Office, Ms Patience Oniha, has said the Federal Government plans to borrow N1.6tn to fund the 2019 budget. Oniha said the government had been reducing its…
Mixed Reactions As Tinubu Urges FG To Revisit Power Sector Privatisation
Stakeholders in the nation’s power sector have expressed divergent views on the call by the National Leader of the All Progressives Congress, Bola Tinubu, for the Federal Government to revisit…
Interest Rate Cut Threatens Foreign Portfolio Investments – Analysts
Analysts have said the reduction of the Monetary Policy Rate, also known as benchmark interest rate, may dampen foreign investors in the nation’s stock market. The Monetary Policy Committee of…
Nigerians Spend N767.23bn On Airtime In Three Months
Subscribers to mobile telecommunications services in Nigeria spent about N767.23bn on airtime purchase from November 2018 to January 2019, investigations have revealed. This figure is based on the number of…
All-Share Index Drops Marginally By 0.01% In Cautious Trading
Trading resumed on the nation’s bourse on Tuesday still on a negative trend, declining marginally by 0.01 per cent in a cautious trading. OUR business correspondent reports that the All-Share…
