Business

The Central Bank of Nigeria (CBN) has said Manufacturing Purchasing Managers’ Index (PMI) in the month of July stood at 56.8 index points, indicating expansion in the manufacturing sector for the 16th consecutive month, 0.2 index points slower than that of the previous month. The CBN had said its PMI stood at 57 index points in June from 56.6 index …

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 By Amos Okioma The Bayelsa State Government has received the sum of N10.8 billion, as allocation from the Federation Account for the month of July, 2018. The 8uuu7 for Finance, Mr. Maxwell Ebibai, said in a statement on Monday that, the state earlier received N12.7bn for the month of June. He said that, the receipts from the federation for the …

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Heritage Bank Plc, ­­­­­­­­Nigeria’s Most Innovative Banking Service provider, has assured promoters of Micro, Small and Medium Enterprises (MSMEs) of support to enable them grow their businesses into generational conglomerates. The MD/CEO of the Bank, Mr. Ifie Sekibo disclosed this in a statement signed by the Divisional Head, Corporate Communications of the bank, Mr. Fela Ibidapo over the weekend. According …

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…God is our source of strength – Dickson By Amos Okioma Former President of Nigeria, Chief Olusegun Obasanjo says God has taken control of the affairs of Bayelsa State and it’s people in view of its past history of being dreaded for militancy and insecurity. Chief Obasanjo, who stated this during the state’s monthly Thanksgiving Service at the King of Glory Chapel, Government …

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Nigeria’s digital transformation leader, Globacom and its founder, Dr. Mike Adenuga Jr. were at the weekend recognised for their catalytic role in the growth and development of the nation’s telecommunications industry. The Association of Telecommunications Companies of Nigeria (ATCON) accorded Globacom a pride of place in a publication celebrating the agents of the revolution that transformed the telecom sector from …

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The Federal Government says it has entered into partnership with the African Development Bank (AfDB) to engage more stakeholders in a round-table discussion on youth employment and skill developments. Prof. Stephen Ocheni, the Minister of State for Labour and Employment, said this on Tuesday in Abuja at the inauguration of the task team on Public-Private Round-Table on youth employment and skill …

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 A Federal High Court sitting in Lagos today dismissed the no-case submission filed by  former Governor of Abia State, Orji Uzor Kalu, in response to the N7.6billion money laundering charges preferred against him by the Economic and Financial Crimes Commission (EFCC). The presiding Judge  Mohammed Idris, in his ruling, said Kalu had some explanations to make particularly on certain documents …

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…No Loss Of Life And Damage Only To Diesel Tanker And Generator House There was a fire incident this morning in the compound of Ecobank’s Lagos head office when a tanker delivering diesel to the Bank caught fire. The fire was contained within the generator house and the diesel truck and there was no loss of life or damage to …

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Transcorp Hotels Plc. has announced its Unaudited Financial Statements for the period ended June 30, 2018. The company showed significant growth over same period last year recording a turnover of N8.01billion, Profit Before Tax of N2.02billion and Earning Per Share of 17.84 Kobo. Transcorp Hotels delivered a commendable 29% year-on-year growth in revenue at the close of the first half of 2018, moving …

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Diamond Bank has released its second quarter unaudited financial report for the period ended June 30, 2018 to the management and stockbrokers of the Nigerian Stock Exchange (NSE),emphasising its strong focus on the Nigerian market, especially the retail business segment through its digital penetration strategy. The report showed that the Bank’s digital strategy is paying off as the institution recorded …

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