The NNPC will grant airline operators permission to import aviation fuel
Written by Issa Babatunde Ahmed
15 March, 2022
The Nigerian National Petroleum Company (NNPC) Limited has announced that it will grant the Airline Operators of Nigeria (AON) a license to begin importing aviation fuel. Mele Kyari, NNPC's group managing director, revealed this on Monday, 14 March, at the conclusion of the house of representatives' investigative hearing, according to The Cable. The purpose of the meeting was to settle disagreements between oil marketers and airline operators regarding the price increase of aviation fuel. Nigerian airline operators claimed that some oil marketers were stockpiling aviation fuel, causing artificial scarcity. “As requested by the airline operators of Nigeria, there would be granted licence by their authority to import petroleum products, particularly ATK, so that they can have a way of benchmarking the sales from other customers. They can also bring in cheaper products whenever it is possible,” Kyari said. He said this in response to AON's request during the hearing for…
Fidelity Bank Celebrates 2022 IWD with Financial Support to Women-Owned Businesses and Girls’ Academy
Written by Kunle Awosika
10 March, 2022
In what has been termed a major push for breaking the gender bias in Nigeria, leading financial institution, Fidelity Bank Plc, in partnership with media entrepreneur-Linda Ikeji- celebrated the 2022 International Women's Day (IWD) with an impressive networking event specifically for women to inspire one another, discuss pertinent challenges they face as well as proffer solutions on breaking the gender biases prevalent in the country.
GTCO Plc Releases 2021 Full Year Audited Results…Reports Profit Before Tax of ₦221.5billion
Written by Kunle Awosika
07 March, 2022
Guaranty Trust Holding Company Plc (“GTCO Plc” or “the Group”) has released its Audited Consolidated and Separate Financial Statements for the year ended December 31, 2021, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE).
2021: Dangote increases sugar production by 9.2% to 811,962 tonnes
Written by Kunle Awosika
07 March, 2022
For the full year ended December 31, 3021, the Management of Dangote Sugar has revealed that the group’s production volume increased by 9.2 percent to 811,962 tonnes in contrast to 743,858 tonnes, in the corresponding period of 2020.
JAIZ bank Chairman Umaru Mutallab dragged to court over unremitted N75 million rent
Written by Kunle Awosika
07 March, 2022
In a bid to recover unremitted sum of N75mllion collected as rent, a limited liability company GORI Nigeria Limited has dragged the Chairman of Jaiz bank Plc Alhaji (DR) Adamu Umaru Mutallab before a Lagos high court.
ZENITH BANK SURPASSES MARKET EXPECTATIONS WITH DOUBLE-DIGIT GROWTH IN GROSS EARNINGS
Written by Kunle Awosika
01 March, 2022
Zenith Bank Plc has announced an impressive result for the year ended December 31, 2021, recording a double-digit growth of 10% in gross earnings which rose to N765.6 billion from N696.5 billion reported in the previous year. This is despite a challenging macroeconomic environment aggravated by the coronavirus (COVID-19) pandemic.
Fidelity Bank GAIM 5 Promo: 10 more Customers become Millionaires
Written by Kunle Awosika
24 February, 2022
Leading financial institution, Fidelity Bank has reiterated its commitment to enriching the lives of its customers as it announced the third set of 10 millionaires in its Get Alert in Millions season 5 (GAIM 5) promo.
Commercial banks to source forex themselves as CBN sets to cut supply by end of 2022
Written by Jenny Ese Obukohwo
10 February, 2022
The Central Bank of Nigeria (CBN) has put Deposit Money Banks (DMBs) on notice that it will stop selling forex to them by the end of 2022. The apex bank governor, Godwin Emefiele made this known in Abuja on Thursday, 10 February, at the end of the Bankers’ Committee Meeting where he also introduced the RT200 Programme. Emefiele said the time had come for the banks to go out there and source for forex by funding entrepreneurs with ideas, The Nation reports. The CBN, Emefiele said, will support the banks by granting rebates and other support until the banks find their feet in sourcing their forex by themselves. Emefiele also disclosed that the apex bank’s policies and measures have led to a significant improvement in diaspora inflow from an average of US$6 million per week in December 2020 to an average of over US$100 million per week by January 2022.…
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