Business

…visits President William Ruto of Kenya Chairman of Access Holdings Plc and Coronation Group, Aigboje Aig-Imoukhuede  has been honoured with the prestigious African Banker Lifetime Achievement Award. This distinguished accolade was presented at the African Banker Awards gala dinner and awards ceremony held in Nairobi, Kenya, on the sidelines of the 2024 Annual Meetings of the African Development Bank. Aig-Imoukhuede’s…

The most prestigious event in the African banking calendar, the African Banker Awards Gala Ceremony 2024, took place last night at the JW Marriott Hotel in Nairobi, Kenya, on the sidelines of the African Development Bank Annual Meetings. The ceremony was attended by over 300 of the continent’s leading figures in banking and finance. Now in its 18th edition, the…

…increases shareholders dividend by 50% to N30 per share Amidst applause by shareholders for the impressive results in the 2023 financial year despite the harsh business operating environment, the Chairman of Dangote Cement Plc, Aliko Dangote has announced an increase of 50 per cent on dividend payout to the shareholders, from N20.00 per share paid in the 2022 financial year…

By Innocent Raphael The federal government has announced the indefinite suspension of the Nigeria Airline project. Minister of Aviation and Aerospace, Festus Keyamo, made the announcement on Monday during a ministerial briefing commemorating the first year of President Bola Tinubu’s administration. Keyamo stated that the airline was not genuinely Nigerian but rather an attempt to disguise a foreign airline as…

By Innocent Raphael Shareholders of United Bank for Africa (UBA) Plc have lauded the bank’s board, management, and staff for their impressive performance in recent years, culminating in a final dividend payout of N78.7 billion for the 2023 financial year. The accolades came during the bank’s 62nd Annual General Meeting held at the Congress Hall of Transcorp Hotels in Abuja…

The Nigerian Exchange Limited (NGX) has delisted the shares of Arbico Plc from its Daily Official List of NGX. This was contained in the Exchange’s Weekly Report. The delisting follows the NGX’s approval of the Company’s application to delist its entire issued share capital. “We refer to our market bulletin of 17 May 2024 with reference Number: NGXREG/IRD/MB26/24/05/17 wherein the…

NASCON Allied Industries Plc has assured its shareholders of continuous growth and value creation in 2024. The Company gave the assurance at its 2023 Annual General Meeting (AGM) held in Lagos recently. Speaking to shareholders, the Chairperson of NASCON, Yemisi Ayeni said “amidst the challenges in 2023, the Company achieved commendable operational performance. Our strategic initiatives and proactive measures enabled…

No fewer than 200 officials of the Central Bank of Nigeria (CBN) were on Friday relieved of their duties as the governor of apex banking regulating body, Mr Olayemi Cardoso continued its transformation agenda. This is an addition to the long list of ongoing disengagements in the apex bank. This adds to the list of 117 staff sacked by the…

By Innocent Raphael The Society of Licensed Aircraft Maintenance Engineers of Nigeria (SLAMEN) has advocated for enhanced aviation infrastructure and job opportunities. SLAMEN made the call on Friday while celebrating the International Aircraft Engineers Day with the global aviation community. Speaking during the event, SLAMEN’s President, Engr Mubarak Haladu, highlighted the crucial role Aircraft Maintenance Engineers (AMEs) play in ensuring…

…assure of speedy resolution… By Innocent Raphael The Nigeria Civil Aviation Authority (NCAA) and the Federal Airports Authority of Nigeria (FAAN) have said they are working to resolve the disruption of Turkish Airlines’ operations at Murtala Muhammed International Airport, Lagos. The disruption, caused by a picketing action by some members of the Nigeria Labour Congress (NLC) on Tuesday, has prompted…