Zenith Bank Plc on Thursday declared gross earnings of N346 billion for the half year ended June 30, 2020. This is contained in the bank’s audited results presented to the Nigerian Stock Exchange. The gross earnings represent an increase of four per cent when compared with N332 billion posted in the comparative period of 2019. The bank also proposed an interim dividend of 30k per share for the period under review. The group’s total deposits grew by 15 per cent to N4.9 trillion, from N4.3 trillion in December 2019. This, the bank said, was driven by a 41 per cent…
Author: Ayo Oye
Read More
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has reiterated that the federal government is no longer fixing the pump price of petroleum products in the country. Sylva made this known while briefing newsmen on the increase in the pump price of Premium Motor Spirt (PMS), also known as petrol. Recall that the Petroleum Products Marketing Company (PPMC) had on Wednesday announced a new Ex-depot price of N151.56 for petrol. Ex-depot price is the price marketers buy products from depot owners. An increase or decrease in ex-depot price has effect on the pump price of petrol. “Government is…
The Independent National Electoral Commission (INEC), on Thursday urged religious leaders to sensitise their followers to shun any form of violence as the governorship elections draw close in Edo. The Resident Electoral Commissioner (REC), Mr John Alalibo, made the call during a one-day stakeholders’ sensitisation meeting in Benin. He noted that the commission’s efforts at ensuring free and credible elections on Sept.19, might suffer a setback if religious leaders failed to douse the rising tension. According to him, threats of violence coupled with COVID-19 pandemic in the state can lead to voter apathy in the forthcoming elections should religious leaders…
The National Agency for the Prohibition of Trafficking in Persons (NAPTIP) says it is partnering the International Human Rights Commission (IHRC) to fight against trafficking and violence against persons in the country. The IHRC disclosed this in a statement in Abuja on Thursday, signed by Mr Emmanuel Kolawale, its Acting Head, Media and Public Relations. According to the statement, the IHRC and NAPTIP have already signed a Memorandum of Understanding (MoU) to that effect. It said that during the signing of the MoU, the IHRC Secretary-General, Prof. Raf Marsin Wasik, applauded NAPTIP for `standing tall’ in the fight against human…
Sanlam Group, new owners of FBNInsurance and its subsidiary, FBN General Insurance, has provided the group’s new operational overview to the firm’s brokers and clients while reassuring them of a seamless transition. The Chief Executive Officer, Sanlam Emerging Markets (SEM), Mr Heinie Werth, made this known at a virtual forum organised by the company to welcome its brokers to the Sanlam family on Thursday in Lagos. The forum was attended by over 30 top brokers of the FBNInsurance and FBN General Insurance as well as executive members of both businesses and Sanlam group. Werth pledged that the insurance firm would…
) The Department of Petroleum Resources (DPR) has said that every molecule of hydrocarbon produced in the country is being accounted for with its sophisticated real time monitoring platform and stories about crude oil and gas theft are unfounded.The Director and Chief Executive Officer of DPR, Sarki Auwalu stated this when the Minister of Information and Culture, Alhaji Lai Mohammed paid a working visit to the headquarters of the department in Lagos.Auwalu said the popular perception that DPR relied on oil companies to give them volume of their production was unfounded. He said the DPR has a robust system in…
The Peoples Democratic Party (PDP) in Edo has promised to restore the Benin City master plan to ensure environmental sustainability. Gov. Godwin Obaseki, candidate of the party for the Sept. 19 governorship poll, made the promise on Thursday during a courtesy visit to the Enogie of Ukhiri-Eresoyen, and the Enigies in council at Ikpoba-Okha Local Government Area. The News Agency of Nigeria (NAN) reports that the governor’s visit was in continuation of the party’s ward to ward campaign across the state. Obaseki said there was pressure in Benin City currently as a result of rapid urbanisation. He also said that…
Mrs Olufolayimika Ayandele, the Tutor General/Permanent Secretary, Lagos State Education District III, has urged the public and private school administrators to create isolation rooms in schools to prepare for the resumption of students. Ayandele told the News Agency of Nigeria in Lagos on Thursday that the development became necessary to forestall any further spread of the coronavirus pandemic in schools. “Even though, we have not recorded any cases of the pandemic in schools involving either student or teacher since the resumption of senior secondary school students, the preparation is necessary. “The feedback from our school monitoring team has been encouraging.…
Sterling Bank Plc says the 2020 Agriculture Summit Africa (ASA) is aimed at identifying and delivering actionable steps to revolutionise Nigeria and sub-Saharan Africa’s agribusiness industries. The bank made this known in a statement on Thursday in Abuja, on the summit scheduled for Sept. 23 to Sept. 24, with the theme: “Fast Forward Agriculture: Exploiting The Next Revolution’’. Mr Yemi Odubiyi, Executive Director, Corporate and Investment Banking for the bank, was quoted as saying that this year’s edition would be a hybrid event, online and physical , due to the prevailing COVID-19 pandemic and the need to adhere to health management…
An Iyaganku Chief Magistrates’ Court sitting in Ibadan, has remanded one Sunday Shodipe, 19, at Abolongo Correctional Centre over alleged killing of one Funmilayo Oladeji in Akinyele, Ibadan. The News Agency of Nigeria (NAN) reports that Shodipe, a resident of Akinyele area, Ibadan, was charged with one – count charge of murder. The Senior Magistrate, Mrs Patricia Adetuyibi who did not take his plea, ordered him to be remanded at the Correctional Centre, pending advice from the state Ministry of Justice. She adjourned the case till Oct. 26, for mention. The Prosecutor, Sgt. Salewa Ahmed told the court that Shodipe…