Category: Business

Dangote Sugar Grows Turnover By 51%, to Provide 75,000 Jobs

The Chairman of Dangote Sugar Refinery Plc, Aliko Dangote has revealed that the company’s turnover increased by 51 per cent to N665.6 billion for the year ended December 31, 2024, as against the corresponding figure of N441.5 billion recorded for the 2023 financial year. Speaking at the 19th Annual General Meeting (AGM) on Tuesday, Mss Bennedikter…

GTCO Sustains Profitability Momentum With Growth In Core Income – Declares A PBT of N300.4billion in Q1 2025

Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has released its Unaudited Consolidated and Separate Financial Statements for the period ended March 31, 2025, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group reported profit before tax of ₦300.4billion on the back of strong performance posted on the core earnings…

Stanbic IBTC Bank Reintroduces Its Private Banking Offerings To Empower Nigerians Build Lasting Wealth

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings and a leading financial service solutions provider in Nigeria, has reaffirmed its commitment to helping Nigerians secure their financial futures and build lasting legacies through its Private Banking offerings. With a focus on personalised financial solutions, portfolio management, investment strategies, and estate management, Stanbic IBTC Bank…

Dangote Group Pays N402.3b Tax To Govt In 2024

The Pan African Conglomerate Dangote Industries Limited, (Dangote Group), and its subsidiaries has disclosed that it paid over N402 billion in taxes in 2024, making it the highest taxpayer in the country. Dangote’s Chief Branding and Communication Officer, Anthony Chiejina, declared during a meeting with some senior media executives who visited him in his Lagos…

Stanbic IBTC Pension Managers Unveils Innovative Self-Service Options To Enhance Client Experience

In a significant move to streamline pension management and enhance customer experience, Stanbic IBTC Pension Managers, a prominent Pension Fund Administration firm, has announced the relaunch of its comprehensive suite of self-service options through an informative webinar session recently conducted. This forms part of the company’s ongoing efforts to empower clients by enlightening them on…

Unity Bank Posts N59.3B in Gross Earnings, Grows Deposits by 23% in 2023 FY

Retail lender, Plc posted gross earnings of N59.3 billion for the full year ended December 31, 2023, representing a growth of 3.84% year-on-year. In its audited financials submitted to the NGX Group Limited, the Bank also witnessed improvements across key performance indicators, including a significant appreciation of customer deposits by 23% to N402.9 billion from…

Stanbic IBTC Capital Leads Presco PLC’s ₦82.9 Billion Bond Issuance To Drive West African Market Growth

Presco PLC (Presco or the “Company”), has achieved a significant milestone with the successful issuance of its ₦82,896,000,000 7-year 23.75% senior unsecured fixed rate Series I Bonds under its ₦150 billion bond issuance programme (the “Transaction”) with the Securities and Exchange Commission (“SEC”). Stanbic IBTC Capital Limited (“Stanbic IBTC Capital”) acted as the Lead Issuing House on…

Stanbic IBTC Holdings PLC Successfully Launches Its ₦148.7 Billion Rights Issue

Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has announced the opening of its ₦148.7 billion Rights Issue. The Rights Issue, which opened on 15 January 2025, and closes on 21 February 2025, offers existing shareholders the opportunity to subscribe to 2,944,772,083 Ordinary Shares of 50 kobo each at ₦50.50 per share. The…

natnudO Foods Partners with Edo State to Launch natnuPreneur Seller Scheme Hub & Spoke Model

natnudO Foods, a division of Amo Farm Sieberer Hatchery Limited, has officially launched the natnuPreneur Seller Scheme Hub & Spoke Model in Edo State. This initiative, introduced in partnership with the Office of the Edo State First Lady and Heifer International, aims to empower agripreneurs and smallholder farmers while improving access to affordable animal protein.…

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