BUSINESS

AltBank, Sterling One Foundation, Lagos Foodbank combat hunger, champion education

Daily Dispatch April 18, 2024

The Alternative Bank Limited (AltBank) has announced a strategic collaboration with FoodBank and Sterling One Foundation to raise approximately N20 million in support of hunger alleviation and educational initiatives. This initiative aligns with the theme of the African Union Summit 2024,

BUSINESS

Fidelity Bank grows profit by 131.5% in FY 2023

Daily Dispatch April 16, 2024

-Declares a final dividend of 60kobo per share Lagos, Nigeria, April 16, 2024: Leading financial institution, Fidelity Bank Plc, has released its 2023 full year Audited Financial Statements, reporting a 131.5% growth in Profit Before Tax to N 124,26 billion. According to the results, which was issued to the Nigerian Exchange (NGX) today, the bank […]

BUSINESS

Breaking: Dollar crashes further against Naira

Daily Dispatch April 12, 2024

Following the conclusion of the Eid-el-Fitr holidays, the Nigerian Naira has seen a notable appreciation of N60 against the US dollar. According to Mistila Dayyabu, a Bureau De Change operator, who shared insights with Daily Post on Friday, the Naira now trades at N1,140 per US Dollar in the parallel foreign exchange market, a significant […]

BUSINESS

NNPC Chief Emphasizes Role of Gas in Driving Economic Growth, Industrial Development

Daily Dispatch April 11, 2024

The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC Ltd.) Mr. Mele Kyari, has reiterated the crucial role of natural gas in fuelling economic growth and industrial development in Nigeria.Kyari, who was speaking at the public presentation of the book “The Rise of Gas: From Gaslink to the Decade of […]

BUSINESS

UBA Plc makes N608Bn profit after tax, declares N2.30 kobo as final dividend

Daily Dispatch April 9, 2024

In another unprecedented performance, Africa’s Global Bank, United Bank for Africa (UBA) Plc, has released its audited financial results for the full year ended December 31, 2023, showing exceptional and impressive performance across all its major indicators. It announced a profit after tax (PAT) of N608Bn  from N170 billion in 2022. The 2023 financials, filed […]

BUSINESS

CBN sells dollars to BDCs below market rate at N1,101/$1

Daily Dispatch April 8, 2024

The Central Bank of Nigeria (CBN) has issued a circular to Bureau De Change operators (BDCs), informing them of the sale of $10,000 to each BDC at a rate of N1,101/$1. In a circular seen by Nairametrics, each BDC is instructed to sell the dollars to eligible customers at a rate not exceeding 1.5% above […]