· L – R shows Dr. Olufemi Oyenuga, Chief Digital Officer, Nigerian Exchange Limited (NGX); Vivian Okoloigwe, Team Lead, Primary Markets, NGX; Yemi Okojie, Member, 100 Women in Finance; Nieros Oyegun Soerensen, Member, 100 Women in Finance; Irene Robinson-Ayanwale, Divisional Head, Business Support Services, NGX; Amanda Paullinger, Chief Executive Officer, 100 Women in Finance; Jude Chiemeka, Divisional Head, Capital Markets, NGX; Adesuwa Okunbo Rhodes, Member, 100 Women in Finance; Saratu Kitchener, Member, 100 Women in Finance; Chidinma Chukwueke-Okolo, Head, Product Development, NGX; Ugochi Obi, Head, X-Academy, NGX and Oyindamola Adeeko, Team Lead, Primary Markets, NGX during a Closing Gong Ceremony in commemoration of…
Author: Orientalnews Staff
Richard Ginika Izuora With the signing of a $525,000 grant agreement with Africa Fintech Network (AFN), the African Development Bank is facilitating the setting up of the Africa Fintech Hub . The agreement was signed on 4 April 2023. The Africa Digital Financial Inclusion Facility (ADFI) will provide funding and technical assistance to the Africa Fintech Network to host and manage the African Fintech Hub. The hub is a digital platform that will enable fintech associations across Africa to pool resources and knowledge, strengthen relationships and partnerships, as well as showcase the work of fintech on the continent, including…
Yemisi Izuora Seplat Energy Plc, has released its unaudited results for the three months ended 31 March 2023, recording a rise in profit before tax by 3.2 per cent to N39.5bn from N34.7bn year-on-year. The company also reported that its core annual dividend target has been raised by 20 per cent to US 12 cents; declaring a Q1 dividend payout of US 3 cents per share. The energy Company’s also grew its Q1 revenue by 36.9 per cent to N152bn from N100.6bn year-on-year, driven by higher production volumes; as its gross profit for the period soars to N91.1bn from N48.8bn year-on-year, rising by 69 per cent. Seplat…
Yemisi Izuora ND Western Nigeria Limited, has said it will execute more investments in the country’s oil and gas industry keying into the Government’s energy transition initiative. The promise follows excellence gas Sector leadership award bestowed on ND Western’s Vice Chairman, Dr Layi Fatona. The award was in recognition of his contribution to Nigeria’s oil and gas sector. Fatona was honored with Excellence in Gas Sector Leadership award by the Nigeria Gas Association (NGA) at the just concluded Nigeria International Energy Summit (NIES) in Abuja. The NIES is the official industry event of the Federal Government of Nigeria and…
James Nnubia For marketers and potential investors in the midstream and downstream oil and gas sectors, the decision to tarry a little with the removal of the petrol subsidy shows some sensitivity on the part of Government which may have considered proposals forwarded by key marketers which included proposals for intended investments in the industry. From indications Nigeria may extend the costly fuel subsidy beyond June but the Government will work with president-elect Bola Tinubu’s representatives to decide when exactly it will be scrapped, Finance Minister Zainab Ahmed said on Thursday. Tinubu, who won the disputed February presidential election,…
Augustina Okon The Joint Admissions and Matriculation Board (JAMB) confirms that about 947,000 candidates sat for the 2023 Unified Tertiary Matriculation Examination (UTME) within the last two days. The JAMBs spokesman Fabian Benjamin, made the confirmation after monitoring the ongoing UTME alongside the Registrar of the Board, Professor Is-haq Oloyede, on Thursday in Abuja. He said that everybody who registered would be allowed to write the examination, as the JAMB has resolved the technical hitches experienced on the first of day of UTME in some centres across the country. Benjamin said the 2023 UTME was the best examination conducted…
Ken Okeke The Chairman and Chief Executive Officer of the Nigerians in Diaspora Commission (NIDCOM), Abike Dabiri-Erewa, has assured that the first set of Nigerians to be evacuated from Sudan will arrive in the country today Friday. Dabiri-Erewa, noted that barring any last minutes changes, the first set of Nigerian evacuees from Sudan are expected to arrive in Nigeria today Friday. She further announced that 13 buses have departed from two universities in Khartoum, carrying Nigerian students to the Aswan border in Egypt, where they will be airlifted to Nigeria. She also highlighted that there is an increasing challenge…
Yemisi Izuora Fidelity Bank Plc, 2022 Audited Financial Statements which was showcased on the Nigerian bourse has clearly placed the Bank as key leading financial institution that has sustained growth despite excruciating economic environment. The Banks Profit Before Tax was N53.7 billion representing 112.9 per cent annual growth. The results showed a 34.4 per cent growth in Gross Earnings YoY to N337.1bn, driven by 45.2 per cent growth in interest and similar income to N295.6bn. The increase in Interest Income was led by a combination of improved yield on earning assets and 19.1 per cent YoY expansion in earnings…
James Nnubia The Vice Chairman and Chief Executive Officer of, the Federal Competition And Consumer Protection Commission (FCCPC), Mr. Babatunde Irukera has applauded the great impact of the National Association of Nigeria Travel Agencies (NANTA) on the travel industry in Nigeria. Irukera made the disclosure after meeting with the association’s executive led by Mrs. Susan Akporiaye. In his keynote address at the 47th Annual General Meeting of NANTA in Abuja on Thursday, he tasked the members to collaborate as a way of breaking new ground in the turbulent travel sector. Irukera further tasked NANTA members to innovate or” die”…
Valentine Okafor Nigerian billionaires are jostling to take over the Transnational Corporation Plc (Transcorp), assets, a leading Nigerian conglomerate. Key investors, Tony Elmelu and Femi Otedola are showing capital might to take over Transcorp investments as Nigerians watch the unfolding drama. The Transcorp has just announced that Heirs Holdings, a special purpose vehicle owned by billionaire investor Tony Elumelu, has acquired 9,697,189,984 units of shares in the company, bringing its total holdings to 9,991,173,177 units or 25.58% of the company’s total shares. The acquisition was made between April 19 and April 25, 2023, with the purchase of 1,843,008,604 units…