Dangote Cement announces 171 millionaires

The ongoing Dangote Cement Bag of Goodies Promo season 2 promotion has so far produced a total of 171 millionaires, across the country The promo which kicked off in July is expected to produce 1,000 millionaires at the end of the exercise. The increase in the number of millionaires came as new winners were given […]

Read more

Fidelity Bank restates support for SMEs in Nigeria

FIDELITY Bank Plc has pledged its continued support for the micro, small and medium enterprise (MSMEs) sector whose activities were disrupted in the heat of the COVID-19 pandemic. The bank made the disclosure recently at the 13th edition of the Annual Banking and Finance Conference of the Chartered Institute of Bankers of Nigeria (CIBN). Speaking […]

Read more

Momentum drains from West African common currency plans

Hopes raised by West African leaders of finally launching this year their “Eco” common currency, in the pipeline for three decades, have faded as the coronavirus crisis and squabbling over severing the remaining monetary ties to former colonial ruler France snarl progress. Chiefs of the 15-nation Economic Community of West African States (ECOWAS) regional bloc […]

Read more

NNPC, SEEPCO sign gas devt deal on OML 143

Speaking at the agreement signing ceremony, which held at the NNPC Towers, the Group Managing Director of NNPC, Malam Mele Kyari, described the execution of the deal as a great milestone, as well as a testament to NNPC’s commitment to facilitating the nation’s transformation into a gas-powered economy. He said the deal would not only […]

Read more

CRYPTOCURRENCY3 Tron investors transfer 719,000,000 cryptos

Investors have been cashing in big time on Tron, a relatively popular digital asset in the crypto-verse. Data feed on Whale Alert, an advanced crypto tracker, revealed that three whales moved about 719,000,000 Trx worth over $20 million transferred from unknown wallets to other unknown wallet. TRON, at the time this report was drafted, traded […]

Read more

European Commission to appeal Apple tax ruling on Friday

The European Commission will on Friday appeal against the Apple tax court ruling in favour of Ireland that found the tech giant did not need to pay €14.3 billion to the state, The Irish Times understands. The July ruling by the EU’s General Court found that the commission “did not succeed in showing the requisite legal standard” that Apple’s […]

Read more

Nigeria stock records N94.45bn transactions in August

Lagos, Sept. 24, 2020 The Nigerian Stock Exchange (NSE) total transactions dropped by 8.49 per cent to N94.45 billion in August 2020. This was disclosed in the NSE’s Domestic & Foreign Portfolio Investment Report released on Thursday. The report showed that total transactions dipped 8.49 per cent when compared with N103.21 billion recorded in July. […]

Read more

Stock market advances with N67bn gain

The bulls maintained their grip on the equity market on Wednesday following gains recorded majorly by blue-chip stocks as investors positioned to leverage undervalued stocks. The key market performance indicators, the Nigerian Stock Exchange All Share Index and market capitalisation, rose by 0.5 per cent as market sentiment extended gaining streak to fourth day following […]

Read more

Dangote Cement’s shareholders get N1tr

Shareholders in Dangote Cement Plc have received more than N1 trillion in cash dividends over the past seven years. Group Chief Financial Officer, Dangote Cement Plc, Mr. Guillaume Moyen, the company was focused on growing the economy and creating wealth for its shareholders. A breakdown of the seven-year dividend history extracted from the company’s financial […]

Read more