UBA's annual profit climbs 43% to N170 billion

Nigeria, March 31 -- United Bank for Africa (UBA) recorded an increase of 43 per cent in earnings for 2022 on the back of growth across key income streams, its audited earnings report showed on Friday... Read More

Oando's core investor set to take company private, offers minority shareholders 58% premium

Nigeria, March 30 -- Ocean and Oil Development Partners Limited (OODP), the core shareholder of Oando Plc, is taking the energy firm private more than three decades after the driller listed in Lagos a... Read More

Otedola urges incoming administration to tackle power challenges

Nigeria, March 29 -- The chairman of Geregu Power Plc, Femi Otedola, has said that Nigeria's perennial power shortage is a product of a lack of resolve by past governments to prioritise and tackle pow... Read More

Oando swings back to profitability as 2021 revenue crosses N722 billion

Nigeria, March 29 -- Oando Plc recorded an increase of more than a half in turnover for 2021, according to its unaudited earnings report issued Wednesday. The increase helped the oil driller halt its... Read More

Zenith Bank's annual profit drops despite record N946bn revenue

Nigeria, March 29 -- Zenith Bank posted a weaker bottom line for 2022 even though all key income streams recorded reasonable increase and revenue closed in on the N1 trillion mark, the lender's audite... Read More

Zenith Bank records N946bn revenue in 2022

Nigeria, March 29 -- Zenith Bank has released its annual report for the 2022 financial year with all key income streams recording reasonable increase and revenue closing in on the N1 trillion mark. T... Read More

Access Bank Zambia set to merge with African Banking Corporation

Nigeria, March 24 -- Access Bank Zambia Limited is on the cusp of merging with African Banking Corporation Zambia Limited (ABC) following an endorsement of the move by the Central Bank of Zambia. Acc... Read More

Seplat Energy terminates consultancy pact with former chairman

Nigeria, March 23 -- Seplat Energy has terminated a consultancy agreement involving the company's wholly owned subsidiary and its co-founder and immediate past chairman, A.B.C. Orjiako. Mr Orjiako, a... Read More

Jaiz Bank gets acting chairman

Nigeria, March 23 -- Jaiz Bank said it has appointed a new chairman in an acting capacity following the resignation of Umaru Abdul Mutallab from its board of directors. The non-interest bank has endo... Read More

Lagos 2023: Gov Sanwo-Olu records massive win in his LGA

Nigeria, March 19 -- Lagos State Governor Babajide Sanwo-Olu has won the Saturday gubernatorial election in his Lagos Island Local Government Area. Mr Sanwo-Olu of the All Progressives Congress polle... Read More