Business
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NAICOM approves recapitalisation plans of 44 insurance companies, rejects 6
The National Insurance Commission (NAICOM) has approved the recapitalisation plans of 44 out of the 54 Insurance companies in Nigeria....
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Dangote dismisses pipeline delivery of fuel
The oil refinery being built by Dangote Group will deliver its fuel to Nigerian consumers by road and seaports, and...
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Let’s import rice into Nigeria — Vietnam
The Socialist Republic of Vietnam yesterday begged the ruling All Progressives Congress (APC) to appeal to the Federal Government to...
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Fidelity Bank’s Profit Rises by 20% to N21.5bn in Nine Months
Fidelity Bank Plc yesterday reported a growth of 20 per cent in profit after tax (PAT) to N21.5 billion for...
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Barkindo: OPEC’s Export to China Reaches $104bn Over 18-year Period
The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Dr. Mohammad Barkindo, has disclosed that trade relations between...
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Oando Posts N13bn Q3 Profit
Oando Plc has announced its unaudited results for the third quarter ended September 2019, which showed that its profit after...
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Capital market development and need for fiscal incentives
Capital markets, globally, are an integral part of the financial system, providing efficient delivery mechanisms for savings mobilization and allocations,...
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Transactions reverse negative posture at stock market
The Nigerian Stock Exchange (NSE) opened trading for the week on Monday northward after closing the previous week on bearish...
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Airtel Africa Declares Six Months $228m Net Profit, Interim Dividend
Airtel Africa Plc has reported improved performance for the half year (H1) ended September 30, 2019 and also declared an interim...
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Access Bank Set to Acquire Kenyan Bank
Access Bank is set to acquire the Transnational Bank Limited of Kenya. The deal, which comes exactly seven months after...
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Pursue impact, not just reforms, World Bank tells Nigeria, others
Nigeria, as the biggest Economy in Sub-Saharan Africa, alongside others, have continued to improve their business climates, but needs to...
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Domestic bond subscribers get N190bn in four months
Investors that subscribed to domestic bonds issued by the Federal Government earned about N190bn as interest within a three-month period...
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9 months results: 7 banks gross N547bn profit
A breakdown of the cumulative nine months’ results of the seven banks that have so far submitted theirs to the...
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Fund Managers Face Tough Investment Choices over OMO Restriction
The decision by the Central Bank of Nigeria (CBN) to restrict individuals and local firms, non-bank financial institutions inclusive, from...
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MTN plans stakeholders’ talks over USSD dispute
MTN Nigeria says it is ready to engage with stakeholders in the industry to find a solution to the USSD...
Read moreCBN to auction N93.13bn treasury bills
The Central Bank of Nigeria is billed to auction N93.13bn worth of treasury bills in a Dutch auction at the...
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Stock market reverses gaining streak as index slumps 0.2 per cent
Transactions on the equities sector of the Nigerian Stock Exchange (NSE), reversed previous gains to close on a downward note...
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Interswitch Raises N23bn Via Bond Sale
Interswitch Limited has raised N23 billion through the issuance of a series 1, fixed rate, senior, unsecured callable bonds. The...
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Zenith Bank ahead with N491.2b gross earnings in Q3
ZENITH Bank Plc has announced its unaudited results for the third quarter ended 30 September, 2019, with numbers that clearly...
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FCMB wins Excellence Award in Customer Experience
FIRST City Monument Bank (FCMB) Limited’s performance in service delivery and customer satisfaction in the Nigerian banking industry, has been...
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FirstBank celebrates Firstmonie agents
IN recognition of the contribution of its Firstmonie Agents towards the Bank’s resolve at promoting access to financial services to...
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Japanese Firms Target More Investments in Nigeria
The number of Japanese affiliated companies in Nigeria has doubled in the last four years, growing from 21 in 2014...
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FBN Holdings Records N52bn Nine-month Profit
FBN Holdings Plc has announced that its profit after tax increased by 15.3 per cent to N51.8 billion as at...
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Petrol subsidy rises by N58.6bn in one month
The amount spent on fuel subsidy by the Nigerian National Petroleum Corporation increased by N58.6bn within one month, the latest...
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CBN,15 banks inject N228 billion into AMCON
HE Central Bank of Nigeria (CBN) and 15 commercial banks have injected N228.28 billion into the Asset Management Corporation of...
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