Business articles

OPEC output rises on Nigeria, Kuwait supplies

OPEC output rises on Nigeria, Kuwait supplies

Oil production from the Organisation of Petroleum Exporting Countries (OPEC) rose in July, despite supply shortfalls from Libya, Iran and Saudi Arabia. Rising output from Nigeria, Kuwait and the UAE offset the drops. OPEC production averaged 32.32 million barrels per day (bpd) in July, 40,700 higher than June, according to the group’s monthly oil market

Dr Tope Agbeyo joins Ooni of Ife, U.S Consul General for breakfast meeting

His Imperial Majesty, Oba Adeyeye Enitan Ogunwusi, the Ooni of Ife on Wednesday played host to businessman and philanthropist, Dr. Tope Agbeyo, and Mr. F. John Bray, Consul General, United States Consulate General, Lagos, at a sumptuous breakfast meeting at his palace in Ile Ife, Osun State. The meeting which also had in attendance Rev.

GTBank Records Profit Before Tax of N109.6BN for H1 2018 Audited Results

Guaranty Trust Bank plc has released its audited financial results for the period ended June 30, 2018 to the Nigerian and London Stock Exchanges. A review of the results shows positive performance across all financial indices, reaffirming the Bank’s position as one of the most profitable and well managed financial institutions in Nigeria. Gross earnings

Stanbic IBTC unveiled as major sponsor as varsity league kicks off.

Stanbic IBTC Group has announced its sponsorship of the Higher Institutions Football League (HIFL), which kicked off on Wednesday (1 August 2018). Stanbic IBTC said the sponsorship is in tandem with the company’s determination to help grow and develop a vibrant and productive youth population. According to Stanbic IBTC, their involvement is equally informed by

Red Star Express turnover hits N8.4bn

…Company declares N236m dividend Red Star Express Plc, a leading logistics Company, has released its audited reports for the financial year which ended March 31, 2018, showing a rise in turnover to N8.4 billion from the N7.3 billion the previous year. The additional revenue growth was as a result of new business initiatives and expansion

Euromoney Awards: Stanbic IBTC wins Best Investment Bank in Nigeria

Stanbic IBTC Capital Limited, a member of Stanbic IBTC Holdings PLC (“Stanbic IBTC”), reaffirmed its position as the leading investment banking institution in Nigeria by winning the Best Investment Bank in Nigeria award at the Euromoney Awards for Excellence 2018 held in London recently. Standard Bank, to which the Stanbic IBTC belongs, was also voted

Google to provide 10m Nigerians with free WiFi

Google Nigeria plans to reach more than 10 million Nigerians with free Internet access in five cities in Nigeria. According to the company, the Wi-Fi will be available in 200 Google Stations across five cities in the country which includes Lagos, Kaduna, Port Harcourt, Ibadan and Abuja by 2019. This was made known on Thursday