PZ Cussons announces CEO’s retirement, appoints new one

$NCC, MDA, SEEPCO, local content laws, CBN Cashless Policy: Reps eye policy reversal, court Emiefele approval , Lawmakers tackle Finance Minister over failed CCTV project worth $460 million , Former Ghanaian President, Mahama begs Buhari to open border Former President of Ghana, John Mahama has appealed to President Muhammadu Buhari to open up its borders saying that Ghana has been heavily affected by Nigeria’s decision to close its borders. Mahama said that for economic activities to resume in West Africa, Nigeria needs to reconsider its decision on the total border closure. He made this plea while delivering the seventh anniversary lecture of investiture into The Realnews Hall of Fame and the unveiling of a book, titled: Pathways to Political and Economic Development of Africa. According to the former president as reported in The Nation, the closure of especially the Benin border, was taking a significant toll on many small and medium businesses, especially in Togo, Ghana and Cote D’Ivoire, which relied on inter-country trade. “I am sure that businesses in Nigeria that rely on supplies from these countries are also suffering. With the signing of the joint border task force agreement between Nigeria and her neighbours, I will like to take this opportunity to appeal to Nigeria to open up her border so that economic activities can resume,” Mahama said. While reacting to the shut down of shops owned by Nigerians by the Ghana Union of Traders’ Association (GUTA) as retaliation to the border closure, Mahama said; “Back home in Ghana, I also look forward to our government’s intervention that brings an immediate cessation to the forceful and illegal closure of shops of foreigners, especially Nigerians, by members of the local trade associations”. Mahama who is a former Chairman of the Economic Community of West Africa States (ECOWAS) spoke on how he still has an abiding interest in the progress of ECOWAS and its people. In this light, he said that Nigeria being the home of ECOWAS and the largest economy in West Africa should not allow the objective principles for establishment of ECOWAS to be lost. Meanwhile, the Vice Chancellor of Niger Delta University, Bayelsa State, Prof. Samuel Edoumiekumo, advised President Muhammadu Buhari not to yield to pressure to reopen the borders. Edoumiekumo who was also present at the lecture said President Buhari should remain firm in his resolve to ensure economic growth and the country’s development as the border closure will generate more revenue for the nation and tackle smuggling., Nigerians are enraged as lawmakers reject Innoson cars for latest Toyota Camry , FMBN ex-MD ordered to refund his salary, submit FMBN accounts over infractions$

The immediate past MD of FMBN, Richard Esin, has been given a 48-hour ultimatum to present the bank's five-year financial statements,...

GTBank Sponsors 2020 Lagos International Polo Tournament, Buying opportunity as GTB share price falls to 2 year low, GTBank releases 2019 full year audited results, Guaranty Trust Bank Plc to consider a holding company structure, GTBank launches Beta Health, expands access to health insurance for low-income Nigerians

Business News

GTBank Plc to consider a holding company structure

by Emmanuel Abara Benson

March 11, 2020

The CEO of Guaranty Trust Bank Plc (GTB), Segun Agbaje, has disclosed that the tier-1 bank is currently considering a...

Nigeria's tier-1 banks grow their interest earnings by 36% to N740.9 billion in Q3 2022

Business News

GTBank, Zenith, Access, FBN, UBA spend N4.7 billion on CSR in 2019

by Abiola Odutola

March 11, 2020

GTBank Plc, Zenith Bank, Access Bank, First Bank of Nigeria (FBN), and United Bank of Africa (UBA) Plc spent over...

Access Bank informs customers about changes to Forex requests

Business News

Access Bank to establish more African subsidiaries, Herbert Wigwe eyes Francophone region

by Fakoyejo Olalekan

March 11, 2020

Two months after acquiring a bank in Kenya, Access Bank is planning to increase its subsidiaries across Africa.

FCMB notifies investors on Q3 results delay, Africa’s Richest Woman, Ogun State First Lady and others celebrate FCMB SheVentures at 1, FCMB Group declares final dividend, fixes date for 7th AGM

Business News

First City Monument Bank Ltd issues N20 billion commercial paper

by Emmanuel Abara Benson

March 11, 2020

First City Monument Bank Limited is all set to raise capital to the tune of N20 billion through the issuance of commercial paper.

BioNTech's vaccine, Pfizer, WHO, Partners to deliver 2 billion doses of COVID-19 vaccines, Coronavirus blamed for Monday’s negative performance by Nigerian stocks, Experiment centre requests volunteers to infect with coronavirus and pay them N1.6 million, Airlines cut down capacity to raise capital, as Coronavirus takes a continuous hit at their revenue

Business News

Airlines cut capacity to raise capital, as Coronavirus hits revenue further

by Ruth Okwumbu-Imafidon

March 11, 2020

Some airlines have announced their intention to downsize capacity in a bit to raise capital, amid continuous fears of the...

Royal Exchange completes acquisition deal between German Fund and subsidiary , Royal Exchange subsidiary receives investment from German Government

Business News

Royal Exchange subsidiary receives investment from German Government

by Emmanuel Abara Benson

March 10, 2020

Royal Exchange Plc announced yesterday that InsuResillience Investment Fund has completed the acquisition of 39.25% equity stake in its subsidiary.

Business News

Paga partners Visa, users to enjoy new merchant options

by Ruth Okwumbu-Imafidon

March 10, 2020

Nigerian based fintech, Paga has entered into a partnership with global payment processor, Visa, to leverage on the latter's network...

NASD reports N129.3 million Q2 profit on strong fee and interest income, proposes dividend

GTCO completes GDR delisting from London Stock Exchange, reaffirms dual listing strategy

UAC of Nigeria posts N54.4 billion in Q2 revenue, on strong domestic sales

Seplat Energy posts N139.5 billion pre-tax profit in Q2 2025, declares US$4.6 cents dividend

Company News

All the latest Nigerian company news, market intelligence and analysis

Sovereign Trust Insurance blames IT failure for delaying its 2019 financial statement

FMBN’s former boss ordered to submit 5-year financial statements in 48 hours

GTBank Plc to consider a holding company structure

GTBank, Zenith, Access, FBN, UBA spend N4.7 billion on CSR in 2019

Access Bank to establish more African subsidiaries, Herbert Wigwe eyes Francophone region

First City Monument Bank Ltd issues N20 billion commercial paper

Airlines cut capacity to raise capital, as Coronavirus hits revenue further

Royal Exchange subsidiary receives investment from German Government

Paga partners Visa, users to enjoy new merchant options

Caverton joins list of companies that postpone their 2019 financial reports submission

Recent News

Recent News

From FX pain to profit boom: Nigerian companies rebound big after devaluation

Gold price predicted to reach $3,500 in next three months amid weakening U.S. outlook, geopolitical tensions

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