Cornerstone recovers from loss, makes N2b profit
Cornerstone Insurance Plc has returned to profitability. Its 2018 financial year end. Its Profit before Tax for 2018 stood at...
9mobile Gets $230m Loan Facility to Boost Growth Plan
Africa Finance Corporation (AFC) has announced the approval of a $230 million loan facility for 9mobile to help it attain...
Dangote Cement sold 4.7m tons in 6 months
The Management of Dangote Cement has revealed that its Pan African sales increased by 2.7 per cent to nearly 4.7...
NSIA’s profit rises by 39 per cent
The NSIA Insurance says its profit before tax rose by 39 per cent to N892.29m in 2018 from N640.75m reported...
SEC regularises 3.4b share certificates in capital market
The Securities and Exchange Commission (SEC) has said that about 3.4 billion units of shares have been effectively regularised at...
‘Technology crucial to tackling Nigeria’s rising poverty level’
To tame the rising poverty level in Nigeria, and Africa, the region would need to focus more on adopting technology,...
FG to overhaul refineries for three years to drive local production
To achieve its 2023 target of ensuring local refineries operate optimally, the Federal Government has said it has begun the...
NNPC fails to remit N77.92b, says NEITI
The Nigerian Extractive Industries Transparency Initiative (NEITI) on Thursday accused the Nigerian National Petroleum Corporation (NNPC) of under-remitting N77.92billion to...
TCN seeks DisCo’s liquidation
The Managing Director, Transmission Company of Nigeria (TCN), Usman Gur Mohammed on Thursday, said he has made recommendation that one...
FRC Unveils Individual Registration Portal
The Financial Reporting Council of Nigeria (FRC) yesterday unveiled its individual registration portal. The Executive Secretary/Chief Executive Officer, FRC, Mr....
Zenith Bank Appoints Two New Directors
The Board of Directors of Zenith Bank Plc has approved the appointment of Mr. Henry Oroh as Executive Director of...
IRS targets N80b revenue in FCT
The Federal Capital Territory’s (FCT) Inland Revenue Service (IRS) is working hard to rake in not less than N80 billion...
N537.3m Debt: AMCON to Take over Donald Duke’s Ikoyi Property
A Federal High Court in Lagos has ordered the Asset Management Corporation of Nigeria (AMCON) and the United Bank for...
Kaspersky raises alarm over security breaches through apps
Cybersecurity firm, Kaspersky, has raised an alarm over security breaches, which emanated from apps downloads. According to it, the...
FG allots N139.58bn for August bond
The Federal Government has announced that it has allotted N139.58 billion during its August bond auction. A statement by Debt...
Banks face U.S. sanctions over North Korea, Iran deals
HEAVY fines await banks processing transactions for North Korea and Iran, Adjunct Senior Fellow, Energy, Economics and Security, Centre for...
Nigerian Stock Exchange Delists Skye Bank, Fortis Microfinance Bank
The Nigerian Stock Exchange (NSE) wednesday delisted Skye Bank Plc and Fortis Microfinance Bank Plc following approval from the National...
Insurers seek NSE’s support for recapitalisation
The Chairman of Nigerian Insurers Association, Mr Tope Smart, has asked the Nigerian Stock Exchange to assist the insurance companies...
Investors gain N120bn on price appreciation in MTN, others
Trading on the floor of the Nigerian Stock Exchange sustained its positive momentum as market capitalisation increased by N120.7billion to...
JUST IN: FG injects N600bn into power sector
The power sector is going to get N600bn intervention from the Federal Government very soon. President Muhammad Buhari has...
Dangote Cement overtakes MTN as NSE’s biggest firm
Dangote Cement Plc has regained its position as the biggest listed firm on the Nigerian Stock Exchange as sell-offs were...
Zenith Bank’s total assets drop by N57bn
Zenith Bank Plc has reported a N57.11bn drop in the value of its total assets over a six-month period. ...
Ambode kicks as EFCC raids Ikoyi, Epe houses
The immediate-past governor of Lagos State, Mr Akinwunmi Ambode, has accused the Economic and Financial Crimes Commissions of searching his...
NASME hails government’s food import policy
Nigerian Association of Small and Medium Enterprises (NASME) has said that the Federal Government’s decision on foreign exchange restrictions to...
Obasanjo Farms, others in FIRS list of 1901 tax defaulters
The Federal Inland Revenue Service (FIRS) has published names of businesses that have failed to comply with their tax obligations....
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