May and Baker seeks regulatory approval for new rights issue
May & Baker Nigeria Plc has announced plans to raise a new equity capital.
Tomato Union Says Tomato Paste Industry May Cease to Exist in 2017 If Ban...
The spokesman to the Union of Tomato Paste Manufacturers in Nigeria, Mr. Nnamdi Nnodebe has said that the once vibrant tomato industry might cease...
TSA Deadline: N2.6trn Govt Deposits In 20,000 Bank Accounts Sees Closure This Week
Speculations are rife that over 20,000 different bank accounts run by Federal ministries and 600 government Federal agencies would be clamped,...
DEAL: Coca-Cola USA Acquires 40% Of Chi Ltd (Chivita)
Coca-Cola has bought a 40% stake in Chi Ltd makers of the popular Chivita drink. Coca-Cola made this announcement on Saturday. According to reports from...
Dangote contracts Mammoet to provide heavy lifting & transport solutions for refinery
During a signing ceremony in Lagos on Tuesday, January 16, the Dangote Group of Companies and Mammoet signed the contract for this ambitious project....
ALERT: Vitafoam reports N134 million profit (2017 9 Months)
Vitafoam released its Unaudited consolidated financial results for the nine months ended 30 June 2017 ; See below
Revenue N’m
2017 9 Months | 14,763
2016 9 Months...
Nnamdi Okonkwo Resumes Work As CEO Of Fidelity Bank After EFCC Debacle
Fidelity Bank just issued the following press release:
Following the resumption of the Managing Director of Fidelity Bank, Mr. Nnamdi Okonkwo,...
Ecobank shakes up the competition, introduces low-cost remittance app
The Rapidtransfer app is said to make it easy and cost-effective for Nigerians abroad to send money home to their loved ones in Nigeria.
United Capital Plc announces dividend payout
The management and board of United Capital Plc, have announced to pay a dividend of 30 kobo per 50 kobo ordinary share for the...
CBN Dividend Policy: Are These The 4 Banks To Have In Your Portfolio?
Last week we reported that the CBN had issued a new directive that could restrict the quantum of dividends that can be paid by...
The Federal Government may pay ₦650 billion arrears to petroleum marketers soon
Nigeria may have moved one step closer to solving a recurring fuel scarcity, as the Federal Government has concluded arrangements to offset the ₦650...
Skye Bank Appoints General Counsel
The Board of Directors of Skye Bank has approved the appointment of Mr. Babatunde Osibodu as General Counsel of the Bank with effect from...
PEBEC launches REPORTGOV App to drive ease of doing business
The Presidential Enabling Business Environment Council (PEBEC) has launched the REPORTGOV.NG App, official public service feedback and complaints platform to support business climate reforms...
US-based Krispy Kreme Doughnut officially launches in Nigeria
Krispy Kreme Doughnut Corporation, a United States-based food company has formally made its entrance into the Nigerian market.
At the pre-launch of their doughnuts at...
Yamaha and Novastar Ventures lead Max.ng’s $7 million capital raise
Motorbike hailing service, Max.ng, has raised $7 million funding. This round is led by Novastar Ventures, with the participation of Japanese manufacturer, Yamaha.
Ivoirian Firm Completes Acquisition Of Equity Assurance
Sunu Assurances Vie Cote D’Ivorie, a leading Cote D’Ivoire insurance company, has completed the acquisition process for 28.2 per cent...
Monetary Policy: CBN set to unfold 2019 plans
Governor Godwin Emefiele of the Central Bank of Nigeria (CBN), will next week, unveil the apex bank's monetary policy direction for the year 2019....
FG receives N185m from Islamic Bank to support textile, agric sectors
The FG has secured a technical assistance financing from the Islamic Development Bank.The credit will be disbursed to support the textile and agric sectors.
Stanbic IBTC Non-Executive Director Appointed By Buhari Withdraws Her Earlier Resignation From The Bank
Stanbic IBTC Holdings Plc has informed the Nigerian Stock Exchange (NSE) of the withdrawal of the letter of resignation of Mrs. Maryam Uwais MFR...
Unity Bank Plc soon to seal deal with unnamed foreign investors
The CEO of Unity Bank Plc, Mrs Tomi Somefun, said the bank will soon finalise a major deal that will see foreign investors inject capital into the capital.
Consolidated Hallmark eyes N3.9 billion capital raise ahead of NAICOM’s recapitalisation deadline
@MyChiPlc has disclosed its plan to raise its capital base from the N6.1 billion to N10 billion ahead of the deadline given by the National Insurance Commission (NAICOM) for insurance firms to recapitalise.
Foreign Portfolio Inflows into the capital marked drops by 65% from a year ago
The Nigerian Stock Exchange has released its Foreign Portfolio Investment report for the month of January 2016. According to the report, Foreign Portfolio Inflows...
These Four Nigerian Companies Will Pay Dividend This Week
It's another week in the Nigerian Stock Exchange and as expected some companies will be paying dividend this week. The companies below are expected...
This African Country Was Just Named Third Most Miserable Economy In The World
Bloomberg has released its latest report of the worlds most miserable economies of 2015. According to the report Venezuela came first as the world's...
Senate seeks suspension of ATM card maintenance charges
Senate fumes at excessive bank charges
CBN To Raise N129 Billion In Treasury Bills
The Central Bank Of Nigeria (CBN),on Wednesday said it will raise N129.17 billion worth of local currency denominated treasury bills with maturities range of...
Why Presco is Ecstatic About CBN Forex Policies
Presco Plc has commended the Central Bank of Nigeria (CBN's) policy to ban foreign exchange sales to certain segments of...
Despite No Profits, This Economist Thinks “Twitter Is An Emotional Event, Not a Fundamental...
According to Bloomberg;
Twitter Inc. is poised to price its initial public offering at a valuation that makes it more expensive than Facebook Inc., a profitable...
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A Billionaire recommends 3 Strategies to Create Wealth
Ray Dalio, founder of Bridgewater Associates, has pointed out to young investors three strategies they should adopt inorder to create wealth.
CBN Governor finally breaks silence on FOREX restrictions for food imports
@cenbank governor, Mr. Godwin Emefiele, has finally responded to FG announcement on the ban on FOREX restriction for food importation.
Leaked Memo: Chief of Staff queries Fowler for failing to meet tax budget.
A memo, purportedly written from the office of the Chief of Staff to the President Abba Kyari to the Chairman of the FIRS, Babatunde Fowler circulated around social media on Sunday.