FG approves 5G internet connectivity spectrum for Nigeria
The Federal Government has approved the National Policy on Fifth Generation (5G) Network for Nigeria. Dr. Femi Adeluyi, Technical Assistant on Information Technology to the Minister of Communications and Digital Economy, Isa Pantami, made the disclosure on Wednesday in Abuja. Adeluyi said in a statement that the 5G policy implementation would take immediate effect. He explained that the national policy took a...
NITDA trains 178 young Nigerians on robotics, emerging technologies
Nigeria’s Digital literacy has received a boost with the training of 178 young Nigerians in the just concluded 10-Days Stem Bootcamp for Kids (SB4Kids) initiative. The camp which closed on Friday was organised by the National Information Technology Development Agency (NITDA) with the Director-General, Malam Kashifu Inuwa, giving an appraisal in his remarks during the closing ceremony in Abuja. He said...
Globacom launches streaming service, GloTV
Telecommunications service provider, Globacom, has said that the over 50 million subscribers on its network can now watch TV on the go through its streaming service. Launching the GloTV service in Lagos yesterday, the telecom operator said the service is accessible through Android, IOS apps, and the web. Speaking at the launch, Head of Web Sales at Glo, Ugochukwu Ibe, said...
GT Bank’s profits dip, posts N93.1bn in 6 months
Guaranty Trust Bank, now Guaranty Trust Holding Company Plc., has posted a profit before tax (PBT) of N93.1 billion for the six months ended June 30, according to the Group Chief Executive Officer of Guaranty Trust Holding, Mr. Segun Agbaje. Disclosing the company’s audited financial results for the period ended June 30, on Friday, in Lagos, Agbaje noted that the...
Zenith Bank rakes in N117.05bn profit in 6 months
Zenith Bank Plc. has posted a profit before tax (PBT) of N117.05 billion for six months ended June 30, 2021, against N114.12 billion achieved in the comparative period of 2020. This was stated in the company’s interim report signed by the Company Secretary, Mr. Micheal Otu, posted on the website of the Nigerian Exchange (NGX) Ltd. According to the result, gross...
Access Bank records N97.49bn profit in 6 months
Access Bank Plc. has posted a profit before tax (PBT) of N97.49 billion in six months as at June 30. This was stated in the bank’s interim financial statement signed by the Company Secretary, Mr. Sunday Ekwochi, posted on the website of the Nigerian Exchange (NGX) Ltd. on Thursday in Lagos. The PBT represented a growth of 31.21 per cent compared...
Nigerian investors lose N146bn on NGX
Investors net worth on the Nigerian Exchange (NGX) Ltd. dropped further by N146 billion on Friday due to losses posted by some major blue chips. Specifically, the market capitalisation lost N146 billion or 0.71 per cent to close at N20.278 trillion, from N20.424 trillion reported on Thursday. Also, the NGX All-Share Index dipped 279.55 points or 0.71 per cent, returning to...
Stanbic IBTC PBT drops 52.85% in 6-month results
Stanbic IBTC Holdings Plc. has posted a profit before tax (PBT) of N24.70 billion for the six months ended June 30. This was stated in the bank’s consolidated and separate interim financial statements signed by the Company Secretary, Mr. Chidi Okezie, as posted on the website of the Nigerian Exchange (NGX) Limited in Lagos. The Group PBT represents a decrease of...
Fidelity Bank grows PBT by 72.4% in 6 months
Fidelity Bank Plc. has posted a profit before tax (PBT) of N20.6 billion for the six months ended June 30, 2021. The Managing Director/Chief Executive Officer of Fidelity Bank, Mrs. Nneka Onyeali-Ikpe, disclosed this in the bank’s audited half-year (H1) results released to the Nigerian Exchange (NGX) Limited on Sunday in Lagos. Onyeali-Ikpe said that the bank’s PBT represented a 72.4...
Total Nigeria Plc changes name to TotalEnergies Marketing Nigeria
Total Nigeria Plc on Thursday said that the company’s shareholders on August 19, voted to change its name to TotalEnergies Marketing Nigeria Plc. This was contained in a formal notification signed by the Company’s Secretary/Executive General Manager, Mrs. Bunmi Popoola-Mordi, to the investing public and the Nigerian Exchange (NGX) Limited in Lagos. Popoola-Mordi said: “The name change is accompanied by a...
