OPEC seeks Russia’s support for deeper production cut
Saudi Arabia and other members of the Organisation of Petroleum Exporting Countries are seeking to win support from Russia to...
NOVA Records N1.65bn Profit
Nova Merchant Bank Limited has released its audited 2019 full year financial results which showed that its profit after tax...
Lekoil moves to recover $450,000 after loan scam
Lekoil Limited has said its board of directors has commenced steps to recover the $450,000 paid to Seawave Invest Ltd,...
Ardova grows post-acquisition profit by 520% to N3.9b
ARDOVA Plc, formerly known as Forte Oil Plc, recorded impressive growths in the top-line and bottom-line in its first audited...
Equities sustain gaining streak as index add N84 billion
The Nigerian equities market sustained gaining streak, as investors continue to take a position in some highly-capitalised stocks, resulting in...
Stakeholders Hail NSE on Demutualisation, List Benefits
Capital market stakeholders have hailed the final approval given by members of the Nigerian Stock Exchange (NSE) to demutualise the...
Returning from China, Disease Control Boss Goes into Self-isolation
Director-General of Nigeria Centre for Disease Control (NCDC), Dr. Chikwe Ihekweazu, is now undergoing 14-day self-isolation to allow for confirmation...
Nestle Records N46bn Profit After Tax, Declares N45 Final Dividend
Nestlé Nigeria Plc has announced its financial results for the year 2019, posting improved bottom-line and declaring a final dividend...
FIRS targets N4trn from oil, gas sector in 2020
The Federal Inland Revenue Service (FIRS) has projected to rake in N4 trillion as tax revenue from the nation’s extractive...
Discos reject 17,657MW as power outage persists
Power generation on the national grid wobbled continuously in February as electricity distribution companies rejected a total of 17,657.19 megawatts...
‘Why mergers and acquisition will top insurers’ agenda for recapitalisation’
Following the ongoing recapitalisation in the industry, the National Insurance Commission (NAICOM), is planning a palliative mechanism for underwriters, who...
NSE Members Okay Exchange as Profit-making, Limited Liability Entity
Members of the Nigerian Stock Exchange (NSE) yesterday approved the process to conclude the demutualisation of the exchange to become...
Power distributors’ revenue collection rises to N473bn
The revenue collected by power distribution companies in the county hit a new record high of N473bn in 2019. The...
Nigeria faces harder times as OPEC mulls 2.7 million daily cut
Nigeria’s vulnerable economy may face further challenges following plans by the Organisation of Petroleum Exporting Countries (OPEC) to reduce crude...
Firm Expands Operations to Nigeria
Dan Holdings Group, a Dubai-based blockhchain technology and cryptocurrency company, is expanding its business operations to Nigeria and Africa. ...
Consolidated Hallmark opens N1.05bn rights issue
Consolidated Hallmark Insurance says it has received the approval of regulators to raise an additional sum of N1.05bn to increase...
GTBank posts N198.85bn profit, declares N2.50 final dividend
Guaranty Bank Trust Plc has declared a profit after tax of N196.85bn for the financial year ended December 31, 2019...
Experts flay indiscriminate withdrawal from escrow account
Economic experts have described the creation of Nigeria’s Excess Crude Account (ECA) also called Escrow, by the federal government as...
Dangote, Zenith Bank, 4 others post N941bn profit
An analysis of the performance, indicated that four companies listed on the premium board of the NSE and two others...
Equities lose N209b amid panic selloffs
NIGERIAN equities lost N209 billion on Monday as investors overlooked earnings and dividend yields and opened up market orders to...
Olam Pledges to Boost Agric Value chain
Olam Nigeria has expressed its preparedness to enhance the agriculture sector of the country by up scaling the production and...
Coronavirus: Facilities in FCT, Ogun, others not ready, FG deploys more doctors in airports
Isolation centres for potential patients suffering from the coronavirus disease are not ready in the Federal Capital Territory and some...
How insurers N43.62b premiums will boost investors’ confidence
The Nigerian insurance market has been faced with different challenges in its efforts to serve the needs of the relevant...
UBA’s earnings grew by 13%, recorded N111bn profit
Pan-African financial institution, United Bank for Africa Plc says its gross earnings grew by 13.3 per cent to N559.8bn in...
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