FBN Holdings Appoints Otedola As Chairman
Femi Otedola FBN Holdings, in a notice to the Nigerian Exchange Limited and the investing public, said the decision was made at the meeting of the Board of Directors odf…
No Going Back On FAAN Relocation To Lagos, N500m Will Be Saved Annually — Keyamo
Festus Keyamo The Minister of Aviation and Aerospace Development, Festus Keyamo, says there is no going back on the relocation of the headquarters of the Federal Airports Authority of Nigeria…
LIRS Extends Deadline For Filing Of Annual Tax Returns To February
Kayode Ogunwale Executive Chairman of the Lagos State Internal Revenue Service, Mr Ayodele Subair Given the recent downtime experienced on the e-tax portal, the Lagos State Internal Revenue Service (LIRS)…
CBN sets to reduce banks’ FX risk exposure
To tame the raging foreign exchange crisis and ultimately sanitize the money market, the Central Bank of Nigeria (CBN) is beaming its regulatory searchlight on banks, alerting them of growing…
‘$700m Remains Blocked’, Says IATA On Release Of Airlines’ Funds
The International Air Transport Association (IATA) has lauded the Central Bank of Nigeria (CBN) for releasing $ million in blocked airline funds. but said $700 million remains blocked in…
Transcorp Plc Grows Profit by 102% to N34bn
Transcorp Corp Plc posted a significant surge in earnings following a spike in revenue generated by the group in 2023. In its unaudited financial statement filed with the Nigerian Exchange,…
Fidelity Bank Posts Triple Earnings Growth in 2023
Fidelity Bank Plc has bolstered earnings performance as the top Tier-II lender grew profit by about 207 percent year on year, according to its recent unaudited financial statement filed with…
FG reiterates commitment to implement stringent measures in coming dry/wet season farming
Agric Minister In line with the directive of President Bola Ahmed Tinubu’s declaration of emergence on food security, the Hon. Minister, Federal Ministry of Agriculture and Food Security, Sen. Abubakar…
FX Backlog: CBN Concludes Payment of All Verified Claims By Airlines
The Central Bank of Nigeria (CBN), fulfilling its pledge to clear the backlog of foreign exchange owed to foreign airlines in the country, has concluded the payment of all verified…
Geregu records N83bn revenue as operating profit increases by 110%
Geregu Power Plc has released its 2023 audited financial statement, disclosing a year-on-year increase of 74 percent in revenue and a 110 percent growth in operating profit. The company’s board…