06
JulFidelity Bank, Afrexim Bank, AMCON to take over four Electricity Distribution Companies
The Nigerian Electricity Regulatory Commission (NERC) and the Bureau of Public Enterprises (BPE) has confirmed that Fidelity Bank and AFREXIM Bank, which collateralized the shares of Kano, Benin and Kaduna DisCos have appointed three-member boards. The Federal Government, which has 40 percent state in the DisCos, is represented in the […]
06
JulDangote Cement to reward customers with N1bn in ‘Goodies Season Three’ promo
Dangote Cement has launched its Goodies Season Three promo, tagged ‘Spell Dangote and become a multi-millionaire’. The promo is expected to offer life-changing prizes to the loyal consumers. The promo runs from July 5 to October 31, has over 32.3 million prizes, including television sets, refrigerators, rechargeable fans, 2KVA generators,[…]
06
JulInfinity Trust Mortgage Bank Plc reports N909.2m as turnover in six months
Infinity Trust Mortgage Bank Plc on Tuesday published its Second Quarter result for the 6 months ended 30, June 2022. The financial institution reported a turnover of N909.21 million for the 6 months period, up by 15.75% from N785.48 million reported the previous year. Profit after tax grew year on[…]
05
JulMarket drops further, Closes 0.40% lower
The Nigerian Stock Market on Tuesday dropped further as the All Share Index declined by 0.40% to close at 51,586.50 points from the previous close of 51.791.45 points on Monday. Market Capitalisation was down by 0.39% to close at N27.811 trillion against Monday’s close of N27.921 trillion, shedding N110 billion.[…]
