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Make profit, be globally competitive — Buhari tasks NNPC board

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President Muhammadu Buhari, on Friday, tasked the Board of the newly-incorporated Nigerian National Petroleum Company (NNPC) Limited to focus on profitability and operate at...

Buhari cautions new NNPC board on ethics, accountability

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The President, Major General Muhammadu Buhari (retd.), Friday in Abuja urged the Board of the newly incorporated Nigerian National Petroleum Company Limited to ensure...

NNPC’S declaration of profits will boost investor confidence, says industry expert

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An oil and gas expert, Mr Wilson Opuwei, says the recent declaration of profit after tax of N287 billion for the year 2020 by...

‘We Will Not Accept Any Plan to Hike Electricity, Petrol Price’...

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Plans by the federal government to hike price of petrol and electricity will not be accepted, Organised Labour has said. Labour said this is to...

CBN debunks report on planned nationalisation of Unity Bank

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The Central Bank of Nigeria has denied planning to nationalise Unity Bank Plc as alleged by an online news medium. Reacting to the report, the...

Fuel Marketing Companies’ Revenue Decline By N331.54bn

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Five of the major oil marketing companies in the country saw their total revenue plunge by N331.54bn last year amid the impact of the...

Despite COVID-19 Harsh Conditions, Banks’ Profits Rise To N677bn

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Despite the economic meltdown caused by the COVID-19 pandemic, the nine months 2020 financial results of 12 commercial banks have shown that they recorded...

Profit taking: NSE market capitalisation drops below N15trn mark

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By Chinyere Joel-Nwokeoma Lagos - The market capitalisation of the Nigerian Stock Exchange (NSE) on Wednesday dropped to N14 trillion mark due to...

South Africa Makes Last-Ditch move To Save State Airline

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JOHANNESBURG/CAPE TOWN - South Africa’s government will cede control of the national...

South Africa’s Telkom says Cell C has Rejected takeover Offer

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JOHANNESBURG - South African telecoms company Telkom SA said on Friday its takeover...

South Africa’s Mr Price H1 Profit drops 10% as Clothing Unit...

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JOHANNESBURG - South African budget retailer Mr Price Group Ltd said on Thursday...

South Africa’s SAA Workers Start Strike that could Cripple Airline

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JOHANNESBURG - Workers at South African Airways (SAA) downed tools on Friday in a strike...

South Africa’s Telkom in Deal Talks Despite Plunging Profit

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JOHANNESBURG - South Africa’s Telkom SA said on Tuesday it was in discussions over a potential...

Nestle Nigeria Plc Announces financial Results For Q3 2019

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By Peter Ejiofor Lagos - Nestlé Nigeria Plc has announced its financial results for nine months period ending Sept....

Kenya’s Economy To Grow At A Faster Pace Next year -World...

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NAIROBI - Kenya’s economy is likely to expand by 6.0% next year, rising from projected growth of...

Union Bank declares N12.1bn profit before tax in H1 2019

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Lagos - Union Bank of Nigeria (UBN) on Monday declared a profit before tax of N12.1 billion for the half year ended...

Stanbic IBTC Profit Beats Estimates For 8th Time In A Row

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(Sundiata Finance) – Stanbic IBTC Holdings Plc, the third largest Nigerian lender by market value, reported a strong second-quarter profit that was aided by...

Despite Recession: Shoprite Nigeria Sales Up 48.2% As Group Turnover Hits...

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(Sundiata Post) – Shoprite Holdings Ltd has reported group full-year earnings of 141 billon rand or N3.86 trillion for its financial year ended July...

Zenith Bank H1 Profit Rises By 112%

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To Pay N7.85bn As Interim Dividend By Nse Anthony-Uko (Sundiata Finance) -- Zenith International Bank Plc has continued to record strong performance despite the various...

Med-View Airline Grows Profit To N857m In H1

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By Nse Anthony-Uko (Sundiata Finance) – Med-view Airline Plc said its profit after tax grew to N857 million in the half year ended June 30,...