Company Report
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Union Bank, Zenith Bank refund N16.8bn to customers in 2021
Two big banks in Nigeria, Union Bank of Nigeria Plc and Zenith Bank Plc in 2021 refunded N16.8billion to customers, representing an increase of 136.8per cent from N7.11billion reported in 2020. It means that the two banks between 2020 and 2021 have refunded N23.96 billion to customers on the back drop of numerous polices by the Central Bank of Nigeria…
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Meta launches Digital Training for NGOs across Anglophone West Africa
Meta has officially launched the Meta Non-profit training program, a digital capacity building program for 1,500 non-profit personnel across Anglophone West Africa. At the event which took place in Lagos recently, Meta also announced its support for Geda Digital training, a six month Social Innovators Bootcamp Program for Non-Governmental Organisations (NGOs). These trainings are aimed at supporting the non-profit and…
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Lafarge Africa, stakeholders to champion construction, real estate sector policies
Lafarge Africa Plc has said it is set to hold its public policy thought-leadership series, Concrete Ideas 5.0, which is scheduled to take place in Lagos. Now in its 5th year, Lafarge’s Concrete Ideas series have become not only a high-profile platform for the discussion of construction and real estate sector policies but also deliberations on broader public policy problems.…
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SEC to deepen financial inclusion efforts across all segments
The Securities and Exchange Commission (SEC) has reiterated its commitments to ensure every segment of the society is covered in the ongoing financial inclusion initiative of the Federal Government. The SEC assured that more Nigerians are captured in the digitalisation of the economy through the financial inclusion policy. The assurance was given at the inaugural conference of Oriental News Nigeria…
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Heritage Bank wins Lagos environmental sustainability award, commits to nature protection
For its contribution and support towards Environmental Sustainability, especially, in Lagos, the state government has awarded Heritage Bank with its 2022 Environmental Sustainability Award. The bank joined other corporate organisations and schools within the State, who got awards for their efforts towards protecting nature and limiting the impact of climate change on Earth. The Award was given to the bank…
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Dangote Sugar Refinery restates commitment to FG’s backward integration policy
..rewards shareholders with N12.147bn dividend Dangote Sugar Refinery Plc has restated its commitment to the achievement of Sugar Backward integration projects, describing it as the best thing that happened to the sector. Speaking to shareholders at the 16th Annual General Meeting (AGM) of Dangote Sugar Plc, in Lagos, Chairman of the Company, Aliko Dangote, said that despite the harsh operating…
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Dangote Cement shareholders up dividend by 25% to N20 per share
Shareholders of Dangote Cement Plc on Tuesday commended the Management of the company for an impressive performance despite the economic challenges in the year under review. Unanimously, the shareholders approved N20 per share for the year ended December 31, 2021 as against the N16 paid in the preceding year. This represents a 25 per cent increase in dividend compared to…
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Nestlé Nigeria empowers 50 more rural women across Nigeria
Nestlé Nigeria Plc has said it is helping more rural women in Nigeria build financial security and improve their standard of living with the launch of the fourth phase of the Nestlé Empowering Rural Women in Nigeria Project in Port Harcourt. An additional 50 beneficiaries from the South South region of the country, selected from the company’s value chain, were…
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We have to decarbonise Nigerian cities, real estate, says Ogunbiyi
In an increasingly challenging and volatile ecosystem, where more than 60per cent of carbon emissions within cities typically come from buildings, a real estate firm, The Address Homes, has emphasised the urgent need for property firms to embrace the global shift towards the reduction of carbon emissions into the environment. The Address Homes Limited, a leading real estate company engaged…
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Femi Otedola sold 834m shares of FBN Holdings
FBN Holdings announced its largest single shareholder, Mr. Femi Otedola has sold down about 834 million shares of FBN Holdings in a deal valued at about N9.28 billion only. The transactions were reported by FBN Holdings as part of its Insider Dealing notification to the exchange, a mandatory filing required to be disclosed whenever a significant shareholder is selling shares.…
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