Author Archives: Ruth Omoteso

Zenith Bank Plc on Monday published its Audited Financial Statement for the year ended 31 December 2021. The financial institution achieved year on year growth in its topline and bottom line figures for the period under review. The group reported Gross Earnings of N765.558 billion, up by 9.92% from N696.45 billion reported the previous year. Profit after […]

Seplat Energy Plc has announced that it has entered into an agreement to acquire the entire share capital of Mobil Producing Nigeria Unlimited (MPNU) from Exxon Mobil Corporation, Delaware. Completion of the Transaction is subject to Ministerial Consent and other required regulatory approvals. According to a statement by Seplat Energy on the website of the Nigerian Exchange,[…]

The World Bank and IMF has warned that Russia-Ukraine crisis will have repercussions for the global economic recovery. The leaders of the two financial institutions said that they are ready to help Ukraine. IMF Managing Director Kristalina Georgieva said she was “deeply concerned” about the fighting’s impact on the people of Ukraine, and cautioned in a tweet that[…]