Shareholders of Seplat Energy approve 15 cents per share dividend 

Seplat Energy Plc’s shareholders have approved the payment of US 15 cents per share recommended by the company’s board of directors.   The approval was given at the company’s 11th Annual General Meeting (AGM) held virtually.  This comprises a special dividend…

The Africa CEO Forum 2024 opens in Kigali

Can African countries find their place among the leading nations of the world? Over 2,500 business leaders and policymakers are gathering in Kigali for the Africa CEO Forum on May 16 and 17, to help shape the future of the…

Growing resource-backed loans seen threatening oil economy

Nigeria’s oil-dependent economy faces a growing threat from resource-backed loans, which offer tempting sources of quick cash but come with significant risks, experts engaged by BusinessDay have said. A resource-backed loan is a borrowing mechanism by which a country accesses finance in…

CBN To Retain High Interest Rates To Curb Inflation — Cardoso

It would be recalled that the monetary policy rate was hiked by 400 and 200 basis points in February and March respectively, which lifted the key lending rate to 24.75 per cent. The Governor of the Central Bank of Nigeria…

In UAE, Tony Elumelu advocates climate funding for healthcare delivery

The Chairman of the United Bank for Africa (UBA) Group, Tony Elumelu, has suggested allocating part of climate funding to address healthcare issues worsened by climate change. During a panel session at the Health Leaders’ Forum in Abu Dhabi, United Arab Emirates,…

Seplat, PZ Cussons drag stock market to N297bn loss

Investors lost N297bn on the Nigerian Exchange Limited on Monday, driven by dips in the share prices of Seplat, PZ Cussons and ETranzact. Seplat shed 10 per cent to close at N2,962.30, PZ Cussons lost 9.91 per cent to N25…

Zenith Bank’s Shareholders Approve N125.59bn Dividend

Shareholders of Zenith Bank Plc Wednesday approved the proposed final dividend payment of N3.50 per share, bringing the total dividend for the 2023 financial year to N4.00 per share, with a total value of N125.59 billion. This is the highest…

Nigerian crypto stakeholders demand Binance reveal identity of bribe agent

Rume Ophi, the executive secretary of the Stakeholders in Blockchain Technology Association of Nigeria (SiBAN) stated that the body language of the Nigerian Securities and Exchange Commission suggested that the regulatory body wants to reach a middle ground with crypto…

Trade unions kick, demand reversal of cybersecurity levy

• Policy will push more Nigerians into poverty, Peter Obi warns• Reps steps down motion seeking suspension of CBN’s directive The coming days will test the resolve of the Federal Government to contain growing agitations about the 0.5 per cent…

JUST-IN: Ikeja Electric Reduces Tariff For Band A Customers

In a move aimed at providing relief to its customers, Ikeja Electric Distribution Company (IE) has announced a significant reduction in electricity tariff for customers under Band A category. Effective May 6, 2024, customers in this category will now pay N206.80/kWh, down…