Saturday , April 20 2019

EcoBank celebrates N88.3bn Profit Before Tax In 2017

One of Nigeria’s foremost banks, Ecobank Trans International has announced that it made a ₦88.3bn profit before tax in 2017 as against a ₦33.7bn loss before tax in 2016. The bank also announced that its gross earnings in naira increased from ₦665 billion in 2016 to ₦763 billion in 2017. …

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1,000 entrepreneurs to attend Tony Elumelu Foundation 2018 Programme

Ayodele Olalere One thousand entrepreneurs from 114 countries have been selected to take part in this year’s Tony Elumelu Foundation Entrepreneurship Programme. More than 150,000 Africans worldwide applied to join the 4th ‎cycle of 10-year, $100 million TEF Entrepreneurship Programme. In a statement by the Foundation, the 2018 cohort includes …

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Dangote Cement To Pay ₦10.75 Dividend

Shareholders of Dangote Cement Plc are in for a good deal as the company’s directors have recommended ₦10.75 dividend payout for the year ended on December 31 2017 as against ₦8.70 paid in 2016. In absolute terms, the figure translates to ₦178.9 billion as the company’s group revenue grew by …

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Lagos CJ, Imohimi, MAGU, others to grace NBA rights lecture

  Ayodele Olalere LAGOS-NIGERIA The Chief Judge of Lagos State, Justice (Mrs) Opeyemi Oke, the Acting Chairman, Economic and Financial Crimes Commission, EFCC, Mr Ibrahim Magu, and Lagos State Commissioner of Police, Mr. Edgal Imohimi, are among top dignitaries to grace a One Day Symposium oganised by the Nigeria Bar …

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Don’t pay new LUC, we’ll defend you, NBA tell Lagosians

Ayodele Olalere LAGOS-NIGERIA The Nigerian Bar Association, NBA, Ikeja branch has advised Lagosians not to be in hurry pay the 50 percent reduction of the Land Use Charge, LUC, offered by Lagos State Government. The LUC was reviewed after an uproar by many stakeholders including the NBA. While speaking with …

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NNPC records N82bn deficit in 2017

The 2017 financial year report of the Nigeria National Petroleum Corporation, NNPC, has revealed that the corporation had a budget deficit of N82 billion against its budgeted surplus of N601.16 billion for the year. The report, which contained the figures, shows that the group’s operations in December ended in a …

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