BUSINESS

Video: BUA boss meets Tinubu, plans to crash cement price to N3,500

Daily Dispatch September 16, 2023

BUA boss meets Tinubu, plans to crash cement price to N3,500 BUA Cement Plc has revealed plans to reduce the price of cement in Nigeria from the current N5,500 to between N3,000 and N3,500. The company’s Chairman, Abdulsamad Rabiu, disclosed this to Journalists after an audience with President

BUSINESS

Nigeria’s public debt stock increases to N87.38t in Q2 2023 – NBS

Daily Dispatch September 15, 2023

Nigeria’s public debt stock increased from N49.85 trillion ($108.30 billion) in the first quarter of 2023 to N87.38 trillion ($113.42 billion) in the second quarter of 2023. The National Bureau of Statistics said this on Friday in its Nigerian Domestic and Foreign Debt Report for Q2 2023. The report, released in Abuja, said Nigeria’s public […]

BUSINESS

Polaris Bank partners EAS, funds training of over 1000 Nigerian SMEs on Export to US, Europe

Daily Dispatch September 14, 2023

Provides local funding for stock purchase Polaris Bank, in its show of commitment towards empowerment of  Small and Medium-sized Enterprises (SMEs), is pleased to announce a strategic partnership with Export and Sell (EAS), a renowned expert in export solutions, to train and subsequently fund over 1,000 successful SMEs on export opportunities to the USA via Amazon […]

BUSINESS

Fake news: CBN debunks report about introducing policy to make $1 to N1.25

Daily Dispatch September 13, 2023

The Central Bank of Nigeria (CBN) has debunked viral social reports that it is planning to introduce a new Naira policy in November, which will make $1 equal to N1.25. The apex bank issued the rebuttal on its X page (formerly Twitter) while reacting to the viral report on Wednesday. “The Central Bank of Nigeria […]

BUSINESS

Polaris Bank rewards 50 Lucky Winners in its ongoing ‘Save & Win’ promo

Daily Dispatch September 13, 2023

Polaris Bank held the first draw in her ongoing Polaris ‘Save & Win’ promo where 50 persons emerged winners.  The development is in line with the Bank’s commitment to rewarding its loyal customers across the nation. The Bank, said winners emerged through a draw exercise which was witnessed by relevant Agencies of government; Federal Competition […]

BUSINESS

UBA records significant growth in revenue, profit and key metrics, with a PBT of N404bn

Daily Dispatch September 12, 2023

Declares Interim Dividend of 50k per share.• Gross Earnings Rises to N981.78 billion.• Bank’s Total Assets Hits N15.38 trillion.• Shareholders’ Funds at N1.712 trillion. Africa’s Global Bank, United Bank for Africa (UBA) Plc, delivered an outstanding performance for the half year ended June 30, 2023, as announced in its audited financial report. The results released […]