Business
A wonderful serenity has taken possession of my entire soul, like these sweet mornings of spring which I enjoy with my whole heart.
State House partners forex firm on transparency
The Anti-Corruption and Transparency Monitoring Unit (ACTU) of the State House, has declared the unit’s willingness to partner with MBA...
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Agusto & Co Projects Pension Assets to Grow by 14% in 2019
Agusto & Co has projected that Nigeria’s pension assets will grow by over 14 per cent this year and an...
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FirstBank unveils Verve Global card in U.S.
FirstBank of Nigeria Limited has launched Verve Global Card in the United States (US). The Verve Global Card is a...
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We’re committed to solving electricity distribution – Discos
Electricity distribution companies on Sunday said that they were committed to resolving challenges in the power sector in the country....
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Lending: Banks race to beat CBN’s deadline
BANKS are in a race to beat the September 30 deadline given by Central Bank of Nigeria (CBN) to implement...
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Central Bank to disburse lower currencies to microfinance banks
To stem the scarcity and hawking of the currency, the Central Bank of Nigeria (CBN), has released guidelines for the...
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AXA Mansard underwrites N29bn in H1 2019
AXA Mansard Insurance plc, a member of the AXA Group has announced its unaudited financial results for the period ended...
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Fajemirokun Appointed AIICO MD/CEO, NSE All-Share Index Falls Further
AIICO Insurance Plc has appointed Mr. Babatunde Fajemirokun as the managing director/chief executive officer (MD/CEO) effective August 14, 2019. He...
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Consolidated Insurance unfolds plan to attain N10 billion recapitalisation
The Consolidated Hallmark Insurance has revealed its laid down plans on how it will attain the new recapitalization directive NAICOM...
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Shareholders okay Red Star Express N253m dividend
Shareholders of Red Star Express Plc have approved a dividend of N253 million, totaling 43 kobo for every 50 kobo...
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Okomu Oil to Boost Performance with 5,000 Hectares of Oil Palms Plantation
Okomu Oil Palm Plc wednesday said it was making efforts towards the cultivation of 5,000 hectares of oil palms in...
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Oil inches above $60 as U.S. delays tariffs on Chinese goods
Oil prices continued to rally yesterday, following reports that the United States has decided to delay the next round of...
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Why FG’s bonds were oversubscribed in 2019 – Expert
The Federal Government has recorded oversubscription of its savings bonds offers consistently since January 2019. The Debt Management Office (DMO)...
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Foreign investors acquiring insurance firms over recapitalisation
Many indigenous underwriting firms have been taken over by foreign investors since the last recapitalisation that took place in the...
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LAPO Microfinance targets N154 billion loan deals in 2019
LAPO Microfinance Bank Limited is targeting a disbursement of N154 billion loan as support to Micro, Small and Medium Enterprises...
Read moreCBN to auction N34bn T-bills today
The Central Bank of Nigeria is on Wednesday billed to auction N34bn worth of Treasury bills, 14, roll over existing...
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e-tranzact to raise N7bn capital before December
e-tranzact International Plc has said plans are in place to conclude its N7 billion capital raise before the end of...
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Total pension assets rise to N9.32tn
The total assets under the Contributory Pension Scheme rose to N9.32tn as of the end of June 2019. The...
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MTN Group gets 7.7m new subscribers
MTN Group on Thursday, said it posted an encouraging set of results for the six months ended 30 June 2019...
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Jaiz Bank Plc nets N816 million profit in H1 2019
Jaiz Bank Plc has posted N907 million as its profit before tax for the half year (H1) ended June 30,...
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Wapic Insurance Records N8.7bn Half-year Premium
Wapic Insurance Plc has announced its half year 2019 unaudited financial statement. The financial statement showed that the insurer’s Gross...
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Oil prices slide on surprise crude build
The Energy Information Administration (EIA) reported a 2.4-million-barrel build in crude oil inventories for the week to August 2, shattering...
Read moreE-tranzact records N30tr on 400m transactions
E-tranzact International Plc, Nigeria’s premier financial technology company recorded about N30 trillion in 400 million transactions in 2018. Speaking at...
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Agusto & Co. assigns a “Aa-” rating to United Bank for Africa Plc
The rating expires on 30 June 2020. The rating assigned to United Bank for Africa Plc. (“UBA” or “the Bank”)...
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AIICO Insurance Posts N25.4bn Premium in First Half
AIICO Insurance Plc has reported its financial results for first half of 2019 which showed it achieved gross written premiums...
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