Business
A wonderful serenity has taken possession of my entire soul, like these sweet mornings of spring which I enjoy with my whole heart.
Conoil Records N1.9 Billion Profit, Recommends 200 kobo Dividend
Conoil Plc, a total energy provider, has reported a revenue of N139.8 billion for the year ended December 31, 2019,...
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Agusto & Co affirms the ‘A+’ rating assigned to Nigeria Mortgage Refinance Company Plc.
The rating expires on 30 June 2021. Agusto & Co affirms the ‘A+’ rating assigned to Nigeria Mortgage Refinance Company Plc (“NMRC”...
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Discos: 40% of Electricity Users Don’t Pay Bills
Electricity distribution companies (Discos) in Nigeria have said that over 40 per cent of the country’s citizens who use their...
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Equities regain vigour as index rises by 0.12 per cent
Following price gains recorded by most blue-chip stocks, the bulls upstaged the bears at the reopening of transactions yesterday, causing...
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FCMB Group to Acquire 96% Stake in AIICO Pensions
The FCMB Group has notified the Nigerian Stock Exchange that its pensions arm, FCMB Pensions Limited, has entered into an...
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Oil prices rise on improving economic data
Oil prices edged higher on Monday, after bullish data from Asia and Europe, but sharp spikes in new coronavirus infections...
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Nigeria, others face $44 billion financing gaps despite huge loans
Still struggling to deal with the impact of the coronavirus on their economies, the International Monetary Fund (IMF), has said...
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FMDQ CEO Relishes Admission of Dangote Cement Bond and MTN CP
The Chief Executive Officer of FMDQ Group, Mr. Bola Onadele. Koko, has said admission of Dangote Cement Plc N100 billion...
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FAAN Increases Passenger Service Charge by 100%
The Federal Airports Authority of Nigeria (FAAN) has increased the Passenger Service Charge (PSC) payable by air travellers on local...
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Access Bank pays three-month Stamp Duty Charge for customers
ACCESS Bank Plc on Sunday concluded payment for a three-month Stamp Duty Charge for all its customers debited from February...
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SEC moves to protect investors from bogus offers
Nigeria’s apex capital market regulator, Securities and Exchange Commission (SEC) has introduced a major amendment to disclosures and information to...
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N1.3bn Debt: AMCON Takes over Unicorn Place & Leisure’s Assets
Following the order of Justice Saliu Saidu of the Federal High Court, Lagos division, the Asset Management Corporation of Nigeria...
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Investors gain N1.3bn despite bearish trend
Despite four consecutive losses during the week, the local stock market closed on a bullish note as buying interest in...
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Insurance generates N490 billion in 2019 financial year
The Nigerian Insurers Association (NIA), has revealed that the volume of business written by the industry rose to N490 billion...
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NSE Lists Benefits of Sustainability Reporting for Quoted Firms
The adherence to the disclosure of environmental, social and governance (ESG) principles is increasingly becoming a tool for meaningful engagement...
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‘17 banks to restructure over 32,000 loans’
SEVENTEEN Deposit Money Banks (DMBs) have submitted requests to restructure 32,000 loans in their portfolios to the Central Bank of...
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‘Over-subscription of N150b Sukuk confirms NSE’S absorptive capacity’
Stockbrokers at the Nigerian Stock Exchange (NSE), have described the recent oversubscription of the Sukuk Ijarsh, as a confirmation of...
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Cadbury Nigeria Shareholders Approve N912 Million Dividend
Shareholders of Cadbury Nigeria Plc wednesday approved the dividend of N912million for the year ended December 31, 2019, which translates...
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‘Global Cash, ATM Transactions Drop By 50%’
A recent virtual press conference that was jointly organised by AppsFlyer and Google has revealed that since the outbreak of...
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Berger Paints’ N3.6bn Revenue, N449m Profit Excite Shareholders
The revenue of N3.5 billion and profit after tax (PAT) of N448.7 million posted by Berger Paints Nigeria Plc for...
Read moreAccess Bank to recover 3 months stamp duty from customers
Access Bank Plc has disclosed that it recently discovered a mistake in its operations records, whereby stamp duty charges on...
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Airlines fault PTF, express readiness to resume operations
As the Nigerian Civil Aviation Authority gears up to submit the aviation restart plan to the Presidential Task Force on...
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FBN General writes N7.31b premium
FBN General Insurance Limited witnessed an impressive growth during its 2019 financial year, the Managing Director/Chief Executive Officer of the...
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Stock market declines further as 23 firms lose
The nation’s stock market closed lower on Tuesday as twenty-three firms recorded price depreciation at the end of trading. ...
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Banks caution customers, say frauds on the rise
Bank scams are increasing as more customers are adopting electronic means of payment since lockdown was introduced in the country...
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