Brands & People

KPMG is looking for technologies to improve data collection.

A Partner at KPMG Nigeria, Yemi Kale, has advocated increased deployment of technology for credible data gathering in the country. Kale, who is a former Statistician-General at the National Bureau of Statistics, spoke at the 2023 edition of ‘Experiencing PR’, an annual conference organised by Nigerian Women in Public Relations. According to a statement, the event brought together physical and…
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Aviation

FG to demolish Lagos airport jet hangars

Barring any last-minute change of heart, the Federal Government will in the next one or two weeks begin the demolition of multibillion-naira private jet hangars located at the Murtala Muhammed International Lagos. The Federal Government said the hangars were obstructing the…
Markets

NSIA grows net assets by 10% to N1tn

The manager of Nigeria’s sovereign wealth fund, the Nigeria Sovereign Investment Authority, grew its net assets by 10 per cent from N919.73bn in 2021 to N1.02tn in the 2022 financial year. This was disclosed in its audited results for the 2022 financial year, which was released on Thursday. The highlights of NSIA’s activities and performance during the period under review also showed that it…
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Market

Nigeria-Pakistan expands trade

The Minister of Aviation, Hadi Sirika, has agreed to lead a delegation saddled with the responsibility of improving bilateral trade and collaboration between Nigeria and Pakistan. Sirika accepted this offer when a team from the Africa Center for Asia Studies, International…
Brands & People

Dangote Industries to List N300B in NGX and FMDQ Bonds

Dangote Industries Limited has completed the listing of the firm’s N300bn series 1 and 2 bonds on Nigerian Exchange Limited and the FMDQ in Lagos. The Group Managing Director of DIL, Olakunle Alake, during the listing ceremony, told investors that the bonds were primarily for part-financing the Group’s 650,000 bpd refinery project. He explained that the decision of the company to issue bonds…
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Banking

UBA grows profit by 31% to N201bn

United Bank for Africa on Thursday said it recorded N201bn profit before tax in its 2022 financial period. The bank disclosed this in a statement on its audited financial results for the full year ended December 31, 2022, titled, ‘Full year 2022: UBA delivers strong…
Banking

FirstBank is renaming its subsidiaries in the UK and Africa.

First Bank of Nigeria Limited has announced a phased corporate name change for its subsidiaries in the United Kingdom and Sub-Saharan Africa. The bank disclosed this in a statement by the Group Head, Marketing & Corporate Communications, First Bank, Folake Ani-Mumuney…
Fintech

Globalcom has introduced a new tool to improve Internet access.

Globacom has launched new MiFis and routers to improve customer Internet access. According to the company, about 32 Wi-Fi devices can be connected to the router, including smartphones, tablets, laptops, smart TVs and game consoles. He said that there is currently a promotion going on that gives customers 60GB and 180GB of data when they purchase and activate a MiFi and a router. According…
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