Month: October 2019
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Business Insight
Union Bank records N15.2 billion PAT in Q3
First generation lender, Union Bank of Nigeria (UBN) Plc on Wednesday, October 30, 2019 reported profit after tax of N15.2…
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Business Insight
Sale of new housing units to commence nationwide soon – Works & Housing Minister
The Minister of Works and Housing, Mr. Babatunde Fashola, on Wednesday October 30, 2019 said that the ministry would soon…
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Business Insight
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Business Insight
Facebook shrugs off scandals and regulatory woes to announce another strong quarter
Facebook has shrugged off scandals and growing regulatory concerns to post another strong quarter, sending its stock jumping around 3%…
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Business Insight
FG dismisses call to adopt Arik Air as national carrier
The Federal Government has dismissed the call in some quarters to convert Arik Air into a national carrier rather than…
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Business Insight
Chile cancels APEC trade summit and major climate gathering after riots
Chile withdrew on Wednesday as the host of an APEC summit next month at which the United States and China…
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Business Insight
Over 600,000 subscribers deactivated from MTN Nigeria network for breach of SIM registration
MTN Nigeria has announced the deactivation of 600,000 active subscribers from its network in compliance with the directive of the…
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Business Insight
GE still sees $1.4bn cash cost from Boeing 737 MAX grounding in 2019
General Electric Co still expects the grounding of Boeing Co’s 737 MAX jetliner to reduce its cash flow by $1.4…
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Business Insight
BUA consolidates cement business, to open $450m plant in 2020
The BUA Group on Wednesday, October 30, 2019 announced the consolidation of its cement business comprising the publicly listed 2…
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Business Insight
N25bn damages: FIRS, First Bank to settle out of court
Nigeria’s Federal Inland Revenue Service (FIRS) and First Bank of Nigeria Limited have opted for an out of court settlement…
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