Mary Uduk, SEC

SEC reveals plans to ease trans border listing

Securities and Exchange Commission SEC has revealed plans by the West African Securities Regulatory Authorities (WASRA) to harmonize existing rules used by the capital...
Godwin Emefiele, CBN, Textile, CBN

CBN reveals how much Nigeria spends on fuel importation

The Central Bank of Nigeria CBN has revealed that a total of $36.371billion was spent on the importation of petroleum products into the country...
Emeka Emuwa CEO, Union Bank

Union Bank explains delay in the release of financial result

Union Bank Plc has joined the growing list of quoted companies yet to release their financial result for the year ended December 2017. In a...
AMCON

AMCON gives conditions to return seized airlines to owners

The Asset Management Corporation of Nigeria (AMCON) says it is willing to hand over ownership of Arik Air and Aero Contractor airlines if the...

NNPC, States meet over underpayment into Federation Account

The Federation Account Allocation Committee meeting, which was scheduled to hold yesterday to consider as well as approve statutory allocation for the month of...

UPDC Plc appoints new acting Managing Director

UACN Property Development Company UPDC Plc has announced that its Managing Director, Hakeem Ogunniran will proceed on a retirement leave on May 1, 2018,...
Okechukwu Enelamah

This is how much fake products could be costing the government

The Federal Government and its regulatory agencies have been called on to implement measures aimed at eradicating the prevalence of counterfeiting in Nigeria's Fast Moving...

Jaiz Bank bullish on non-interest banking

Managing Director, Jaiz Bank, Alhaji Hassan Usman has expressed satisfaction with the level of acceptance of non-interest banking in the country. Usman noted that...

Adeosun defends Nigeria’s growing debt profile using the metric economists hate to love

Minister of Finance, Kemi Adeosun has assured that Nigeria’s debt level was still sustainable and under control. Reacting to comments credited to IMF Managing Director...

These are some of the best “Lazy Nigerian Youth” response to Buhari

Nigerians have reacted to the comments made by President Muhammadu Buhari at Commonwealth Business Forum in London accusing much Nigerian youth of laziness. Speaking at the...

Jumia posts record sales of N225.2 billion in 2017, up 41.8%

Jumia, one of Africa's leading e-commerce platform has released its full-year 2017 financial statements results. The result shows a Gross Merchandise Volume GMV  growth from...

mSurvey secures $3.5 million Series A funding

The mobile-first consumer feedback platform for businesses and consumers in Africa mSurvey has announced a Series A funding round of $3.5 million, the new funding...

Buhari explains what he wants from Commonwealth States

President Muhammadu  Buhari has used the opportunity of the ongoing Commonwealth Business Forum to call on member states to come up with more beneficial...

Wema Bank to raise additional ₦20 billion in bond sale.

Wema Bank has revealed plans to raise an additional ₦20 billion from the bond market in July this year. This will be its second debt...

UBA has big plans for its African subsidiaries

United Bank for Africa, UBA, says it has injected $100 million into some of its African subsidiaries. UBA Chief Financial Officer Ugochukwu Nwaghodoh listed the...

GT Bank Plc posts N52.6 billion profit in Q1 March 2018

Guaranty Trust Bank Plc has released its financial statements for the period ended Q1 March 31st 2018. Here are the highlights:   Net Interest Income: Q1 2017: ₦66,129...

Beta Glass Plc announces changes in Management

Beta Glass PLC has announced the resignation of two of its directors:  Mr. Olaolu Akerele and Chief Christopher Aviele. The resignations take effect from...

Smart Products Ltd (Associated Press Limited) posts ₦43 billion in 2017

Smart Products Plc (formerly Associated Press Limited)has released its Full year 2017 financial statements results. Highlights of the results: Gross Revenue 2016: ₦49.8 million 2017: ₦43.95 million % change: -11.7% Profit...

Guinea Insurance releases Q1 2018 result posts 4% revenue increase

Guinea Insurance Plc has released its Q1 2018 financial results. Here are the highlights Revenue: Q1 2017: ₦270.9 million Q1 2018: ₦281.6 million %Change: 4% Profit before tax: Q1 2017: -₦31.6...

Diageo to expand Kenyan plant to meet demand from Nigeria, other countries

British alcoholic giant Diageo will increase production of spirits from its Kenyan plant to meet rising demand from Nigeria and other African countries. The...

Afromedia Plc posts ₦1.7 billion loss in 2016

Afromedia Plc has released its audited financial statements results for the year ended 30th September 2016.  Turnover 2015: ₦407.25 million 2016: ₦494.4 million. %Change: 21.4% Loss before tax 2015: ₦2.7...
HealthPlus Limited

HealthPlus secures $18 million investment from Alta Semper Capital

Nigeria's leading retail pharmacy and beauty outlet HealthPlus has announced a partnership with London-based private equity manager Alta Semper Capital. The new partnership will see Alta Semper investing...

UBA, 3 others to migrate to NSE premium board

The Nigerian Stock Exchange NSE has announced the migration of Access Bank Plc, Lafarge Africa Plc, Seplat Petroleum Development Company Plc and United Bank...
TUNDE FOWLER, EXECUTIVE CHAIRMAN, FEDRAL INLAND REVENUE SERVICE

Again, Government extends VAIDS

President Muhammadu Buhari has approved the extension of the Voluntary Assets and Income Declaration Scheme (VAIDS or the Scheme) by three months. The Scheme...

Japaul Oil posts FY 2017 loss of ₦13.08 billion

Japaul Oil Oil & Maritime Services Plc has released its financial statements for the year ended 31 December 2017. The result shows the company's losses reduced...

Average cooking gas price drops to ₦2090 in March

The National Bureau of Statistics NBS has released the Liquefied Petroleum Gas price watch for the month of March. Average price for the refilling...

This is the office Aishah Ahmed will be heading at the CBN.

The newly appointed deputy governors of the Central Bank have been assigned their various offices. This was sequel to their assumption of duties on...

Game Over: MMM takes a bow

Controversial online Ponzi scheme MMM has finally announced its close of operations. This is a sequel to the death of its founder Sergei Mavrodi last...

Unity Bank announces the appointment of two executive directors

Unity Bank has announced the appointment of two executive directors. In a letter of a notice sent to the Nigerian Stock Exchange, the two...

Updated: Kinnevik explains why iROKO Tv was removed from its list of its Investee Companies

Swedish tech investment company Kinnevik may have reduced the relevance of its stake in iROKOTV as it did not disclose the PayTV as one...

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Ministerial list

President Buhari assigns portfolios to all 43 ministers [Full-List]

President Muhammadu Buhari has finally assigned portfolios to all the forty three (43) ministers. 
Toyota SUV landcruiser

Toyota to cancel Land Cruiser, opens ancillary auto centre in Abia 

By 2022, Nigerians and other users of Toyota’s Land Cruiser will no longer be able to purchase the Sport Utility Vehicle (SUV) following the decision of the carmaker to stop producing it.
FIRS, GIGM

Tax Defaulters: FIRS names Coldstone, Payporte, Davido, amongst others

The Federal Inland Revenue Service (FIRS), has published a list of different bank accounts it placed under lien for owing taxes.