FBN Holdings Plc declared N238.53 billion profit before tax (PBT) in its unaudited first quarter (Q1) ended March 31, 2024 results, which was about 325.2percent growth from the N56.1 billion reported in Q1 ended March 31, 2023.
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Saturday, June 01, 2024
Q1/24: FirstBank maintains impressive performance, posts N238.53bn PBT
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FBN Holdings Plc declared N238.53 billion profit before tax (PBT) in its unaudited first quarter (Q1) ended March 31, 2024 results, which was about 325.2percent growth from the N56.1 billion reported in Q1 ended March 31, 2023.
The Q1 2024 results was a reflection of 2023 impressive performance as one of the oldest banks in Nigeria sustained its fundamentals amid domestic and foreign challenges. From its Q1 2024 profit & loss figures, the Group declared N208.1 billion profit, which was about 315.8 per cent compared with the N50.1 billion reported in Q1 2023.
FBN Holdings Plc declared N238.53 billion profit before tax (PBT) in its unaudited first quarter (Q1) ended March 31, 2024 results, which was about 325.2percent growth from the N56.1 billion reported in Q1 ended March 31, 2023.
5 personnel: Defence Hqtrs mourn, threatens retaliation against IPOB/ESN - ITREALMS
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The Nigerian Defence Headquarters has reacted to the attack on Troops of Operation Udo Ka deployed at Obikabia Junction Checkpoint in Obingwa Local Government Area of Abia State, which left 5 personnel dead, threatening retaliation, reports ITREALMS.
Just as some thought-leaders, while condemning the unprovoked attack on the troop, called for caution, advising the Defence headquarters to deploy more intelligence despite the provocation.
The Nigerian Defence headquarters while reacting to the attack on the troop in a press statement available to
ITREALMS, the Director, Defence Media Operations, Major General Edward Buba, lamented the killing and said the military will retaliate against this dastardly act on the troops.
The Nigerian Defence Headquarters has reacted to the attack on Troops of Operation Udo Ka deployed at Obikabia Junction Checkpoint in Obingwa Local Government Area of Abia State, which left 5 personnel dead, threatening retaliation, reports ITREALMS.
Just as some thought-leaders, while condemning the unprovoked attack on the troop, called for caution, advising the Defence headquarters to deploy more intelligence despite the provocation.
The Nigerian Defence headquarters while reacting to the attack on the troop in a press statement available to
Friday, May 31, 2024
PalmPay is 'Customer focused digital bank of the year' @Beacon of ICT award - ITREALMS
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PalmPay, leading fintech company, has been awarded the prestigious "Customer Focused Digital Bank of the Year" Award at the Africa's Beacon of ICT Merit and Leadership Awards, organised by the Nigeria Communication Week. The award ceremony took place in Lagos, celebrating exceptional achievements and contributions in the Information and Communications Technology (ICT) sector.
PalmPay's recognition as the "Customer Focused Digital Bank of the Year'' underscores its commitment to delivering exceptional customer service and innovative digital banking solutions. The award highlights PalmPay's dedication to addressing the financial needs of its customers providing a seamless and user-friendly digital banking experience.
PalmPay, leading fintech company, has been awarded the prestigious "Customer Focused Digital Bank of the Year" Award at the Africa's Beacon of ICT Merit and Leadership Awards, organised by the Nigeria Communication Week. The award ceremony took place in Lagos, celebrating exceptional achievements and contributions in the Information and Communications Technology (ICT) sector.
Effects of Subsidy Removal: FG commissions 5.2 mmscfd CNG plant in Lagos - ITREALMS
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To lessen the impact of subsidy removal on petrol, the Federal Government has commissioned a 5.2 million standard cubic feet per day (mmscfd) Compressed Natural Gas (CNG) plant in Lagos, reports ITREALMS.
Minister of State for Petroleum Resources (Gas) Rt. Hon. Ekperikpe Ekpo, who commissioned the plant at the Isolo Industrial Area, Ilasamaja in Lagos, on Thursday, said the occasion, under the theme “From Gas to Prosperity: CNG for All”, represents a critical turning point in the development of affordable, sustainable, and secure energy sources in the country.
To lessen the impact of subsidy removal on petrol, the Federal Government has commissioned a 5.2 million standard cubic feet per day (mmscfd) Compressed Natural Gas (CNG) plant in Lagos, reports ITREALMS.
Making PoS registration a win-win for Nigeria's Financial Future by Elvis Eromosele - ITREALMS
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The Central Bank of Nigeria (CBN) recently mandated that all Point of Sales (PoS) operators complete their registration with the Corporate Affairs Corporation (CAC) by July 7, 2024. This directive aims to formalize the operations of PoS businesses across the country, boosting regulatory compliance and promoting financial inclusion.
However, for many PoS operators, this new requirement poses significant challenges, both financially and logistically. As micro-businesses, already grappling with economic uncertainties, the stringent deadline could threaten their survival and, by extension, the broader goal of financial inclusion in Nigeria.
The Central Bank of Nigeria (CBN) recently mandated that all Point of Sales (PoS) operators complete their registration with the Corporate Affairs Corporation (CAC) by July 7, 2024. This directive aims to formalize the operations of PoS businesses across the country, boosting regulatory compliance and promoting financial inclusion.
Wednesday, May 29, 2024
NDDC received $142m from Shell Nigeria, partners in 2023 - ITREALMS
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A total of $142.5 million was paid to the Niger Delta Development Commission (NDDC) last year by The Shell Petroleum Development of Nigeria Ltd (SPDC) and Shell Nigeria Exploration and Production Company Limited (SNEPCo). SPDC paid $112.5 million while SNEPCo remitted $30 million compared to $59.04 million by SPDC and $20.73 by SNEPCo in 2022.
The contributions came from the Shell companies on behalf of themselves and their respective partners –. Nigerian National Petroleum Company Limited (NNPC); TotalEnergies, EP Nigeria Limited; NAOC; and Esso Exploration and Production Nigeria Limited – as statutory contributions to the interventionist agency.
A total of $142.5 million was paid to the Niger Delta Development Commission (NDDC) last year by The Shell Petroleum Development of Nigeria Ltd (SPDC) and Shell Nigeria Exploration and Production Company Limited (SNEPCo). SPDC paid $112.5 million while SNEPCo remitted $30 million compared to $59.04 million by SPDC and $20.73 by SNEPCo in 2022.
Tinubu @1: We accelerated economy via youth-driven digitisation, innovation – ITREALMS
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The All Progressive Congress (APC)-led Federal Government head by President Bola Ahmed Tinubu, has declared it accelerated diversification of the economy through youth-driven industrialization, digitisation and innovation, reports ITREALMS.
An Executive Summary of the Tinubu administration available to ITREALMS, said they have also inspired confidence and trust with 8-point agenda.
The All Progressive Congress (APC)-led Federal Government head by President Bola Ahmed Tinubu, has declared it accelerated diversification of the economy through youth-driven industrialization, digitisation and innovation, reports ITREALMS.
Children advised to focus on studies, shun laziness - ITREALMS
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Children all over the country have been advised to face their studies, shun any acts of laziness, conform with good character and brace up for a brighter future, reports ITREALMS.
This assertion was made by the organiser and program coordinator, In Da House Entertainment, Mr. Adeniyi Ayandokun while welcoming the children, parents and teachers to this year's Children's Day Celebration with the theme "The Future" held at A3 Gardens, opposite Ventura Mall, Sango, Ibadan.
Children all over the country have been advised to face their studies, shun any acts of laziness, conform with good character and brace up for a brighter future, reports ITREALMS.
NCS to host 3-day forum on cybersecurity @FCT - ITREALMS
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The umbrella professional body in the Computer and Information Technology in the country, the Nigeria Computer Society (NCS) has concluded plans to host a three-day CyberSecurity Forum and Workshop at the Federal Capital Territory (FCT) Abuja, reports ITREALMS.
President of NCS, Dr. Mohammadu Sirajo Aliyu, said that the three-day event has been slated to hold at the National Open University of Nigeria (NOUN) on June 11 through 13, 2024.
The umbrella professional body in the Computer and Information Technology in the country, the Nigeria Computer Society (NCS) has concluded plans to host a three-day CyberSecurity Forum and Workshop at the Federal Capital Territory (FCT) Abuja, reports ITREALMS.
FG targets 10,000 IT heads @MDAs with responsible data management course - ITREALMS
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The Federal Government of Nigeria has concluded plans to upskill heads of Information Technology (IT) in the nation's Ministries, Departments and Agencies (MDAs) through a course on Responsible Data Management, targeting some 10,000 public servants, reports ITREALMS.
Disclosing this in a press statement available to ITREALMS and endorsed by the Head, Research & Development at the National Data Protection Commission (NDPC), Dr. Tolulope Pius-Fadipe, said that the four months free course is in collaboration with the Federal Ministry of Communications, Innovation & Digital Economy, through NDPC office and Data.Org.
The Federal Government of Nigeria has concluded plans to upskill heads of Information Technology (IT) in the nation's Ministries, Departments and Agencies (MDAs) through a course on Responsible Data Management, targeting some 10,000 public servants, reports ITREALMS.
Tuesday, May 28, 2024
Nigeria Computer Society decries non-inclusion in cybersecurity council – ITREALMS
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Foremost Computer and Information Technology (IT) professional umbrella association in the country, the Nigeria Computer Society (NCS) has lamented non-inclusion in the Cybercrime Advisory Council (CAC), reports ITREALMS..png "Dr Aliyu, President, Nigeria Computer Society")
Largely described as embarrassing by stakeholders, as NCS roles and contributions to a safer cyber space in the country cannot be over-emphasised.
Foremost Computer and Information Technology (IT) professional umbrella association in the country, the Nigeria Computer Society (NCS) has lamented non-inclusion in the Cybercrime Advisory Council (CAC), reports ITREALMS.
.png "Dr Aliyu, President, Nigeria Computer Society")
Monday, May 27, 2024
Exposed! Boko Haram false narratives – ITREALMS
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Following a recent visit by the United Nations Development Programme (UNDP) to North East Nigeria the false narratives of the terror group, Boko Haram has been exposed, reports ITREALMS.
The delegation, led by Moncef Kartas, Head of Office and Stabilization at UNDP Nigeria, revealed critical insights that challenged Boko Haram's claims and shed light on the group's destructive and anti-Islamic agenda.
Discover TECNO POVA 6 Neo with budget-friendly features - ITREALMS
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As economic challenges loom large, the quest for quality at an affordable price becomes more crucial than ever, especially in the realm of smartphones.
As economic challenges loom large, the quest for quality at an affordable price becomes more crucial than ever, especially in the realm of smartphones.
Amidst this backdrop, TECNO emerges as a beacon of innovation and hope with the launch of the POVA 6 Neo.
NNPC Chief, Kyari, Wins Champion Newspapers' Most Outstanding Energy Icon Award - ITREALMS
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The Group Chief Executive Officer of NNPC Ltd, Mr. Mele Kyari has won the Champion Newspapers' 2023 Most Outstanding Energy Icon of the Year.
... Says NNPC ever committed to Nigeria's energy security
The Group Chief Executive Officer of NNPC Ltd, Mr. Mele Kyari has won the Champion Newspapers' 2023 Most Outstanding Energy Icon of the Year.
Kyari was conferred with the honour during the newspaper's annual awards ceremony held at the Eko Hotels & Suites in Victoria Island, Lagos, on Saturday.
Sunday, May 26, 2024
Oworonshoki-Apapa Expressway: Tinubu applauds Dangote, says project 10th wonder - ITREALMS
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The Nigeria's President, Bola Ahmed Tinubu, has described the newly commissioned Oworonshoki-Apapa Expressway as the tenth wonder of the world, reports ITREALMS.
The Nigeria's President, Bola Ahmed Tinubu, has described the newly commissioned Oworonshoki-Apapa Expressway as the tenth wonder of the world, reports ITREALMS.
He also applauded the President, Dangote Industries Limited, Alhaji Aliko Dangote, for his selflessness in actualising the project.
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