FSDH Foresees 2% GDP Growth for 2019

Posted by - September 5, 2019

Analysts at FSDH Merchant Bank Limited, have projected that Nigeria’s Gross Domestic Product (GDP) will end the year 2019 slightly above two per cent. According to the projected GDP figure released recently, it was gathered that it would be higher than the 1.9 per cent the country recorded in 2018. According to the National Bureau

Shell Bags Best Exhibitor Award at 2019 SPE Conference

Posted by - August 15, 2019

Shell, the leading oil Exploration Company, have won the most coveted Best Exhibitor and eight other awards at the 2019 Nigeria annual international conference and exhibition of the Society of Petroleum Engineers, which was held recently in Lagos. In addition to this, the company also won the Excellence Award, the highest industry recognition, at the

NAHCO targets 323.3% increase in 2019

Posted by - July 3, 2019

The Group Managing Director, Nigerian Aviation Handling Company (NAHCO aviance) Plc, Mrs Olatokunbo Fagbemi, said the company’s profit would grow by 323.3 per cent in the 2019 financial year. Fagbemi stated this during the company’s Facts Behind the Figures presentation at the Nigerian Stock Exchange (NSE) in Lagos recently. Fagbemi said the company embarked on

Ecobank named ‘Best Retail Bank in Africa’ at 2019 African Banker Awards

Posted by - June 20, 2019

Ecobank has been named Best Retail Bank in Africa 2019 at the prestigious African Banker Awards. The judges were especially impressed by how Ecobank’s state-of-the-art products, services, functionality and constant innovations provide 24/7 convenience, accessibility and affordability to meet the evolving needs and expectations of its customers across 33 African countries, whilst also successfully driving

Access Bank Unveils Womenpreneur Pitch-A-Ton 2019

Posted by - June 19, 2019

Access Bank Plc has reiterated its commitment to providing financial and business skills to the interest of women entrepreneurs by announcing the launch of its Womenpreneur Pitch-A-Ton 2019. Commenting on the Launch In Lagos, the Coordinator, W Initiative in Access Bank, Ayona Aguele-Trimnell, stated that the Pitch-A-Ton was an expansion of the Womenpreneur Business Workshop.

NPA targets revenue of N276 billion in 2019

Posted by - May 23, 2019

The Nigerian Ports Authority (NPA) has declared target revenue of about N276.75 billion from its 2019 operations. This was disclosed by the Nigerian Ports Authority (NPA] MD, Hadiza Bala-Usman, who said this during the 2019 budget defence before the House of Representatives Committee on Ports, Harbours and Waterways, said the net revenue from oil source

Outstanding Construction leaders honoured at 3rd West Africa Construction Awards

Posted by - May 8, 2019

Leading Construction industry players have been honoured at the 3rd West Africa Construction Awards (WACA) which was held at the Movenpick Ambassador Hotel in Accra. About thirty (30) construction individuals including organizations were recognized and rewarded for their significant contribution in the construction industry. WACA 2019 was under the theme “celebrating excellence in the Construction

MNHD reports EGP 1.72bn in pre-sales for Q1 2019, launches office park

Posted by - April 15, 2019

Madinet Nasr Housing and Development (MNHD), a leading Egyptian urban developer, announced recently that its pre-sales (contracted sales plus reservations) for the first quarter (Q1) of 2019 reached EGP 1.72bn, up 9% year-over-year. According to the company’s press statement, pre-sales were mainly driven by the demand of the residential units as well as the strong

Absa Group plans to kick off expansion in Nigeria in 2019

Posted by - April 12, 2019

Absa Group Limited, a South African financial services provider, says its planned expansion into Nigeria will kick off in the second half (H2) of 2019. Absa will focus on its corporate and investment bank (CIB) division, Charles Russon, chief executive of the division, reported. Russon added that he is positive that a strategy plan shared

Egypt’s economic growth to record 5.5% in 2019: IMF

Posted by - April 10, 2019

Egyptian economy will grow by 5.5% this year, the International Monetary Fund (IMF) said in its World Economic Outlook (WEO) April 2019. Further, the IMF expected that the country’s economic growth will reach 5.9% in 2020. However, Egypt’s economic growth forecast was estimated at 6% in the fiscal year (FY) 2019/20. The WEO expected that