POSTS BY: ONOME OHWOVORIOLE

Oando’s Share Price recovers after alleged SEC investigation

Oando’s Share Price recovers after alleged SEC investigation

Shares of Oando Plc have fallen just 1.5% since news of an investigation by the Securities and Exchange Commission (SEC) broke two Fridays ago....


Gateway Portland Cement is the latest company taken over by AMCON      

Gateway Portland Cement is the latest company taken over by AMCON      

The Asset Management Company of Nigeria (AMCON)’s take over train seems to be on the move and this time it has stopped at Gateway...


NNPC breaks silence on unremitted TSA funds held in 3 banks

NNPC breaks silence on unremitted TSA funds held in 3 banks

The Nigerian National Petroleum Corporation (NNPC) has issued a statement clarifying  its own share of the $793 million Treasury Single Account (TSA) funds that...



Skye bank states its own side of alleged $793 million TSA funds

Skye bank states its own side of alleged $793 million TSA funds

Skye bank, one of 7 alleged to have withheld $793 million Treasury Single Account (TSA) funds, has released a statement denying any form of...


Four takeaways from Wema Bank’s H1 2017 Conference call

Four takeaways from Wema Bank’s H1 2017 Conference call

Tier two lender, Wema Bank yesterday held a conference call in respect of it’s just released Q2 2017 results. A conference call is a...


Fidelity and Sterling Banks deny involvement in $793 million unremitted TSA funds

Fidelity and Sterling Banks deny involvement in $793 million unremitted TSA funds

Fidelity bank and Sterling bank, 2 of the 7 banks facing charges over $793 million unremitted TSA funds have issued statements concerning the matter....


7 banks are in trouble over unremitted $793 million TSA funds

7 banks are in trouble over unremitted $793 million TSA funds

Seven commercial banks in the country are currently in trouble over Treasury Single Account (TSA) that were allegedly kept aside. A Federal High Court...


Senators want to create a N200 FX window for pilgrims

Senators want to create a N200 FX window for pilgrims

Members of the Senate while deliberating on activities of the National Hajj Commission (NAHCON) have suggested that a concessionary FX rate of N200 a...


Why Afriprudential Plc is a short term buy

Why Afriprudential Plc is a short term buy

Afriprudential Plc yesterday released its 2nd quarter 2017 results, and they are fantastic. Profit before tax increased from N605 million in 2016 to N950...


Innoson moves into the big league with export of cars to Mali

Innoson moves into the big league with export of cars to Mali

Innoson moves into the big league with export of cars to Mali In what is a major stamp of approval for its products, Innoson...


UBA share cancellation explained….. but questions remain

UBA share cancellation explained….. but questions remain

United Bank of Africa, (UBA), announced earlier in the week that it had obtained shareholder approval to cancel over 2 billion ordinary shares held...


ICOs may be causing a cryptocurrency bubble

ICOs may be causing a cryptocurrency bubble

As the price of bitcoin recovers lost ground, experts have warned that the cryptocurrency market could be heading for a bubble due to the...


Guinea Insurance and Fortis Microfinance bank say late results not their fault

Guinea Insurance and Fortis Microfinance bank say late results not their fault

Two of the 17 companies that were recently suspended by the Nigerian Stock Exchange (NSE) for late submission of results have blamed their primary...


Reasons behind the Uber Germaine Auto partnership

Reasons behind the Uber Germaine Auto partnership

Ride sharing app Uber has gone into partnership with Germaine Auto, a car sale and maintenance company. Under the partnership, Uber Nigeria drivers can...


These 2 insurance companies are running on empty

These 2 insurance companies are running on empty

Management of Guinea Insurance Plc and African Alliance may presently be at their wit’s end as both companies are operating below minimum statutory requirements....


CBN extends its support for Skyebank to 2018 after N100bn bailout         

CBN extends its support for Skyebank to 2018 after N100bn bailout         

The Central Bank of Nigeria (CBN) has extended financial support for Skyebank till next year. The  bank in a statement, said it was still...


Windfall as UBA “buys back” 2 billion shares worth N20.1 billion

Windfall as UBA “buys back” 2 billion shares worth N20.1 billion

In a notice sent to the Nigerian Stock Exchange, UBA announced the cancellation of 2,080,194, 955 shares held by staff under the Staff Share...


Etisalat Nigeria explains the concept behind name change

Etisalat Nigeria explains the concept behind name change

Etisalat Nigeria is now 9mobile Lagos, Nigeria; July 18, 2016: Emerging Markets Telecommunication Services Limited (EMTS), which previously traded as ‘Etisalat Nigeria’ wishes to...


ChapelHill Denham launches first series N200 billion Nigeria infrastructure debt fund

ChapelHill Denham launches first series N200 billion Nigeria infrastructure debt fund

ChapelHill Denham yesterday launched the first series of its N200 billion Nigeria Infrastructure Debt Fund (NIDF). The fund is reputed as the first-ever listed...


NSE launches new system to counter market fraud    

NSE launches new system to counter market fraud    

Participants in illegal trading on the Nigerian Stock Exchange (NSE) will be forced to turn a new leaf, as the exchange has installed technology...


ICE3X exchange introduces Naira-Ethereum  Trading

ICE3X exchange introduces Naira-Ethereum Trading

ICE3X, a cryptocurrency exchange based in South Africa has announced direct Naira Ethereum trading. This means customers will no longer have to convert their...


The impending fork that’s crashing bitcoin prices explained

The impending fork that’s crashing bitcoin prices explained

The Fork in simple ‘English’ is a technical term used to describe an option to choose between an update to the application code that...


These 5 banks are likely to declare interim dividends this month

These 5 banks are likely to declare interim dividends this month

We are well into the earnings season which is the period when listed companies publish interim and audited accounts for the period ended June...


MRS Oil Plc Chairman Sayyu Dantata resigns

MRS Oil Plc Chairman Sayyu Dantata resigns

In a notice sent to the Nigerian Stock Exchange (NSE), the management of MRS Oil Plc informed the investing public of the resignation of...


ICYMI: Nigerian Stock Exchange was the world’s most profitable in June

ICYMI: Nigerian Stock Exchange was the world’s most profitable in June

In what both the Central Bank of Nigeria (CBN) and the Federal Government may point to as a sign of its foreign exchange policies...


SEC is investigating Oando over ConocoPhillips

SEC is investigating Oando over ConocoPhillips

Foreign investors in upstream producer Oando Plc have sent a petition to the Securities and Exchange Commission (SEC) regarding their concerns over Oando’s financial...


Ecobank Nigeria restricts $1000 spending limit to platinum Naira mastercard holders

Ecobank Nigeria restricts $1000 spending limit to platinum Naira mastercard holders

Customers using Ecobank master cards for international transactions may be forced to get the Ecobank platinum card in order to maximize their dollar spend...


Strange: Capital Oil repays N2 billion, yet claims NNPC owes it

Strange: Capital Oil repays N2 billion, yet claims NNPC owes it

The management of Capital Oil lead by its MD Ifeanyi Ubah may have been economical with the truth when it accused the Nigerian National...


Nigerian Banks raise dollar limit on Naira debit cards

Nigerian Banks raise dollar limit on Naira debit cards

Nigerians, who execute frequent dollar transactions, now have cause to smile as commercial banks in the country have raised dollar limits on Naira cards. Here...


Why Diamond Bank is not issuing bonds

Why Diamond Bank is not issuing bonds

MD/CEO of Diamond bank, Uzoma Dozie says the bank will sell off assets that are of no benefit to its retail strategy. He made...