Archive for Business

FIRS boss not under investigation says Presidency

August 20, 2019 Business, News No comments

The Chairman of the Federal Inland Revenue Service, Babatunde Fowler, is not under any investigation, the Nigerian presidency said ‘categorically’ today, denying the imputations spurred by a query issued by Chief of Staff, Abba Kyari.

Some reports claimed that the query meant that Fowler’s tenure would not be renewed. His first term expired on Saturday.

“The letter from the Chief of Staff to the President, Abba Kyari, on which the purported rumour of an investigation is based, merely raises concerns over the negative run of the tax revenue collection in recent times”, Garba Shehu, SSA Media to President Buhari said.

“Taking a cue from today’s (Monday) presentation of Vice President Yemi Osinbajo at the Presidential Retreat for Ministers-Designate, Federal Permanent Secretaries and Top Government Functionaries , which dwelt on an ‘Overview of the Policies , Programmes and Project Audit Committee,’ a body he chaired, projected revenue of government falls behind recurrent expenditure even without having factored in capital expenditure. Read more

GTBank Releases 2019 Half Year Audited Results, Reports Profit before Tax of N115.8Billion

August 16, 2019 Business, Perspective No comments

Guaranty Trust Bank plc has released its audited financial results for the half year ended June 30, 2019 to the Nigerian and London Stock Exchanges.

The half year result shows positive growth across key financial metrics and reflects GTBank’s leading position as one of the best managed financial institutions in Africa. The Bank reported a Profit before Tax of N115.8billion, representing a growth of 5.6% over N109.6billion recorded in the corresponding period of 2018. The Bank’s loan book grew by 1.0% from N1.262trillion recorded as at December 2018 to N1.274trillion in June 2019 and customer deposits increased by 6.3% to N2.418trillion from N2.274trillion in December 2018.

Read more

Fidelity Bank rewards loyal customers with N2.6bn

August 7, 2019 Business No comments

The Fidelity Bank Plc says it has disbursed over N2.6 billion to customers as reward for their loyalty in the last four years.

Richard Madiebo, Head, Divisional Retail Banking of Fidelity Bank, made the disclosure while presenting cheques to three beneficiaries of the reward from Kogi on Wednesday at the Lokoja International Market.

Madiebo, who was represented by Mrs Ugonnaya Okoro, Product Manager, Consumer Finance , Fidelity Bank, said about 6,323 out of its over four million customers had so far been rewarded under the Fidelity Savings Loyalty Scheme.

He said the bank valued and appreciated the customers who patronised its services across its business offices and various digital banking channels.

“We have to thank and appreciate them for doing business with us all these years.

“In Kogi State today, we have rewarded three customers; two beneficiaries of N500,000 and one with N150,000. Read more

Boeing 737 Max: US aviation regulators meet int’l counterparts

May 24, 2019 Business No comments

Aviation regulators from over 30 countries and regions met with officials of the U.S. Federal Aviation Administration (FAA) over the safety of Boeing 737 Max jets in Fort Worth in the state of Texas.

After the closed-door meeting, acting FAA Administrator Daniel Elwell told reporters that “we are going through an incredibly intensive and robust process to make the safety case to unground the Max,” adding that the FAA won’t let the plane fly “until we have made that safety case.”

According to industry analysts, the meeting in Fort Worth, about 420 km north of downtown Houston, is crucial to the FAA efforts to convince other regulators around the world to lift their bans on the airliner. International regulators have said they plan to conduct their own reviews of Boeing’s software changes and have stressed the need for additional pilot training.

China became the first to halt the commercial operations of all Boeing 737 Max 8 jetliners after the Ethiopian Airlines plane crash on March 10 killed all 157 people aboard. Read more

NNPC to hold CBT for shortlisted candidates June 1

May 24, 2019 Business No comments

The Nigerian National Petroleum Corporation (NNPC) says all shortlisted candidates for its recruitment will sit for Computer Based Testing (CBT) on Saturday, June 1, 2019 across the Country.
Mr Ndu Ughamadu, the corporation’s spokesman, disclosed this in a statement in Abuja on Thursday.
He said that the scheduled CBT for shortlisted candidates marked the third phase of the recruitment process.
Ughamadu noted that the CBT would be administered in about 50 centres across the country, saying that those who emerge successful in the test would subsequently be invited for oral interviews for final selection. Read more

The Kingdom Summit 2018: Empowering the Next Generation of Entrepreneurs

October 5, 2018 Business, Events No comments

ABOUT THE SUMMIT

The Kingdom Summit is an annual non-denominational International Marketplace Economics and Leadership conference which seeks to promote the understanding of God’s principles in the marketplace.
The first summit was held in 2014. To the glory of God, the past 4 editions featured international Christian business leaders from various countries including the United States of America, Australia, India, South Africa and Nigeria.
The next summit will held on October 25, 2018 in Abuja and October 26 – 28, 2018 in Lagos. We know God will use this summit to create a greater impact in the marketplace.

The Kingdom Summit 2018

Theme : Empowering The Next Generation of Entrepreneurs.

Register Now!

PLEASE NOTE:

  • This is a Free Event. But registration is required for entry.
  • Date: October 25, 2018 – Abuja.
    October 26 – 28, 2018 – Lagos
  • Abuja Venue: National Christian Center, Behind CBN H/Q CBD, Abuja, Nigeria.
  • Lagos Venue: 3 Keystone Bank Crescent, Off Adeyemo Alakija Street, Victoria Island Lagos, Nigeria.
  • If you have any doubts or clarifications about the summit please email at thekingdomsummit@gmail.com

Read more

Katsina’s private sector financed $2b refinery set for completion 2021

July 26, 2018 Business No comments

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu said the approved private sector driven refinery in Mashi, Katsina State will be completed in 2021.

Kachikwu, who made this known to State House correspondents in Abuja on Tuesday, said the refinery would have the capacity to produce 150, 000 barrels per day when completed.

The News Agency of Nigeria (NAN) reports that Kachikwu and the Nigerien Minister of Energy, Foumakaye Gado had on Tuesday signed a Memorandum of Understanding (MoU) between Nigeria and Niger Republic on the construction of the refinery at the Presidential Villa, Abuja.

“However, presently, we have mentally structured our minds for a three-year period to finish the work on the refinery but that depends on what we find during the technical studies.’’ Read more

Gtbank backs Olubayode Olawunmi to break Guinness World Record for Longest Marathon Read Aloud

March 2, 2018 Business, Education No comments

Longest Marathon Read Aloud, Gtbank’s You Read Initiative Backs A Nigerian To Break Guinness World Record
As part of her initiative to rekindle the interest in reading, You Read Initiative, one of CSR programmes of GTBank launched in 2017 has given her support to a 40-year old Nigerian, Olubayode Treasures Olawunmi who is attempting to break the Guinness World Record for the Longest Marathon Read Aloud.

Since 2008, Deepak Sharma Bajagain has held the world record in book reading after he read a total of 17 books in 113 hours and 15 minutes.
Now, Olubayode is taking a shot at breaking the world record by reading over 15 Nigerian published books in 120 hours over a period of 6 days at the Herbert Macaulay Library, Yaba, Lagos. Read more

LIVE VIDEO: RCCG Solution Parish Somolu presents Worship with VIPs. Ministering – Pastor Yinka Sanni, CEO, @StanbicIBTC > 18th February 2018

February 18, 2018 Business, Events, Gospel, RCCG, Videos No comments

LIVE VIDEO:

Are you an entrepreneur?

Do you want to take your business to the next level? ???

Do you want to meet with great CEOs that can help make that big difference in your business?

 

Sure, you do. Here is an opportunity for this dream to come through.

 

Join Pastor Yinka Sanni, the Chief Executive Officer, STANBIC IBTC HOLDINGS PLC who would be sharing great tips and life changing ideas on the Topic: “LIVE TO WIN” on February 18, 2018 by 9AM

Read more

VIDEO: Influencer Marketing Series – Common Mistakes Influencers Make (Episode 4) by @OloriSupergal

January 10, 2018 Business, Videos No comments

Following the official announcement of her YouTube series ‘Influencer Marketing’ a few weeks back, renowned blogger and social media influencer Tosin Ajibade otherwise known as Olorisupergal has released a new episode titled ‘Mistakes Influencers Make’ today.
Watch Episode 4 of Olorisupergal’s Influencer Marketing Series here:

The new episode will mark the third episode of the series which has been described as insightful in regards to online marketing and publicity for social media influencers. Read more

Nigeria grants three-year tax reliefs to new TSTV

October 2, 2017 Business, Entertainment No comments

New pay Television operator, TStv Africa, has been granted three-year tax relief by the federal government.

The newly inaugurated television was also granted tax free dividends to all investors in the company.

The Minister of Information and Culture, Alhaji Lai Mohammed, announced incentives on Sunday night in Abuja at a dinner to mark the official unveiling of the new company.

The News Agency of Nigeria (NAN) reports TStv Africa is a wholly owned by Nigerian Pay TV operator with refined offerings of novel Unclassified Pay Per View subscription and complimentary internet services. Read more

7 DAYS TO GO: @sobcaonline Platform Launch » September 4th, 2017 #SOBCAonline

August 28, 2017 Business, Education, Events, Opportunities No comments

What is SOBCA?

Yesterday when we announced our official countdown to the public unveiling of SOBCAonline, and having enjoyed a very tremendous support from friends and loved ones, several feedback was the question “WHAT IS SOBCA?”

It is an honour to be the face of emotional and mental healing. For almost a decade now, we have built capacity to provide resources and solutions to persons who are dealing with difficult personal problems.

We help men, women, children, teenagers, business persons and corporate organizations to resolve challenges including abuse, drugs, traumas, pains, losses, uncertainties that come with daily living and economic bottlenecks.

SOBCA stands for “Sam Obafemi Behavioural Change Academy”. This is the first regular institution in Africa where you can learn how to govern your emotions using tools of Anger Management, Emotional Intelligence, Fear Mastery, Cultural Intelligence, Emotional Agility, Core Behavioural Therapy and Mental Health First Aid. Read more

8 DAYS TO GO: @sobcaonline Platform Launch » September 4th, 2017 #SOBCAonline

August 27, 2017 Business, Education, Events, Opportunities One comment

MY RESPONSE TO LIFE.

In November 2010, I achieved certification in Life Coaching and followed it with another in Anger Management on October 8th, 2011. After this, I became certified in Emotional Intelligence in March 2012.

Ever since, I have worked with, through and for well more than 5,000 individuals (and in groups).

My work in several cities of Nigeria including Lagos, Abuja, Jos, Uyo, Taraba, Kaduna, Sokoto, Kebbi, Kano, Ogun, Oyo, Osun, Port Harcourt, Niger, just to mention a few, has groomed me to understand THE NIGERIAN VERSION to behaviours and conduct.

That is why when we resumed formal academy courses in March 2016, majority of our content and illustrations were LOCAL. We have created local materials for local applications.

BUT THERE WAS A CHALLENGE.

Read more

Whistleblower policy a successful initiative– Adeosun

August 15, 2017 Business, News No comments

The Minister of Finance, Mrs Kemi Adeosun, says the whistleblower policy of the Federal Government is one of the current administration’s successful initiatives.

She said this on Tuesday in Abuja at a seminar organised by the Bureau of Public Service Reforms (BPSR) on “The Whistleblower Policy and its Implication for Public Servants’’.

The Whistleblower Policy was introduced in December 2016 by the Federal Government as part of the initiatives to wage war against corruption.

According to Adeosun, as at July, over 5,000 reports have been made through various reporting channels, 365 actionable tips are received out of the 5000 reports.

She said that over half of the reports  came from public servants.

The minister said the tips related to issues of contract inflation, ghost workers, illegal recruitment and misappropriation of funds.

Others according to her, include illegal sale of government assets, diversion of revenues and violation of Treasury Single Account (TSA) regulations.

The minister also said that the information received showed that certain types of tips were recurring. Read more

NSE market value rises by N84bn

June 21, 2017 Business, News No comments

The Nigerian stock market on Tuesday maintained a bullish trend with the market capitalisation growing by N84 billion, lifted by gains from cement, breweries and beverages stocks.

The News Agency of Nigeria (NAN) reports that the market capitalisation grew by N84 billion or 0.71 per cent to close at N11.887 trillion as against N11.803 trillion achieved on Monday.

Similarly, the All-Share Index rose to two-year of 34,375.60, appreciating by 240.50 points or 0.70 per cent compared to 34,135.10 recorded on Monday.

Julius Berger recorded the highest price gain to lead the gainers’ pack, increasing by N4.04 to close at N43.84 per share.

Dangote Cement followed with a gain of N3.97 to close at N213.97 and Nigerian Breweries garnered N3 to close at N168 per share.

Nestle also increased by N3 to close at N910, while International Breweries added N2.30 to close at N30.65 per share. Read more

%d bloggers like this: