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Zenith Bank GMD and CEO Mr. Ebenezer Onyeagwu

Zenith Bank Plc pays final dividend of N2.50 to shareholders

Zenith Bank Plc announced yesterday that it would pay a final dividend of N2.50 for every 50 kobo shares.
Zenith bank, Zenith Bank: Strong growth in Non-Interest Income offset weakness in Interest Income

Zenith Bank: Strong growth in Non-Interest Income offset weakness in Interest Income

Zenith Bank recently released its FY 2019 AUDITED report wherein Interest Income declined 6% y/y to N415.6 billion.
Baker Magunda, Guinness Nigeria Plc, Baileys, Why Guinness is a stock to pick - RenCap 

Guinness Nigeria boss reveals factors pulling company’s profit

Guinness laid issues like port congestion, tax reforms and decline in alcohol pricing have eaten deep into the company's profit, affecting the operations of the company.
NAHCO reacts to $8.06 million intercepted by Customs at Lagos Airport, Audit Query: Customs CG disagrees with AGF over N28bn unremitted funds

Audit Query: Customs CG, AGF disagree over N28billion unremitted fund

Col. Hameed Ali and Ahmed Idris appeared before the Senate Committee on Public Accounts to address the audit query from the Auditor General of the Federation, Anthony Ayine over the unremitted funds.  

Meyer Plc announces new appointment 

Meyer Plc, in a notice to the investing public, has announced the appointment of Mrs Jane Ijegbulem as its new Company secretary.
Zenith Bank reaffirms market dominance and leadership with Q3 2019 results, Zenith Bank Plc, Access Bank Plc and United Bank for Africa Plc, Zenith Bank reports 7.9% profit increase for full-year 2019

Zenith Bank reports 7.9% profit increase for full-year 2019

Zenith Bank Plc has released its audited full-year financial statement for the period ended December 2019.
Shell disburses N56 million grant to support youths in entrepreneurship

Shell disburses N56 million grant to support youths in entrepreneurship 

SPDC has disclosed the disbursement of N56 million grants to 140 youths under the Shell LiveWIRE Nigeria entrepreneurial training.  

United Capital: The good and the bad

On Tuesday, United Capital Plc released its audited results for the 2019 financial year.
Nigerian Breweries, the glory days are gone

Analysis: Nigerian Breweries, the glory days are gone

These days, the story is somewhat underwhelming for Nigerian Breweries and every year it gets worse, as the brewery giant reported a profit after tax of N16 billion from revenue of about N323 billion only
Bitfxt raises N5.45 billion from UK firm, plans a product that clash with CBN

Bitfxt raises N5.45 billion from UK firm

Bitfxt, a Nigerian cryptocurrency startup, has raised N5.45 billion from Payitup clearinghouse Ltd, a UK firm.
MainOne's subsidiary set to launch local version of Microsoft Stack Cloud

MainOne’s subsidiary set to launch local version of Microsoft Stack Cloud

MDXi is set to announce the local launch of Microsoft’s Azure Stack to its customers, this will become part of the company's managed cloud services.
Wema Bank records 54.54% profit increase as at Q3 2019, Wema Bank clears the air on alleged contempt suit

Wema Bank clears the air on alleged contempt suit

Wema Bank has cleared the air on the alleged contempt suit that was earlier filed against it by the management of Heritage Bank Plc.
Stamp duty, Senate to probe PPPRA over non-remittance, blame systemic corruption for bad roads, Senate invites Bigi and Pepsi manufacturers, as stiff competition continues  

Senate invites Bigi and Pepsi manufacturers, as stiff competition continues  

Makers of Pepsi and makers of Bigi drinks were recently invited by the Nigerian Senate to resolve the issue of competition between them.
Ikeja Electric customers to pay more as IE increases tariff by 50% 

What you need to know about proposed tariff review by DisCos

The eleven Distribution Companies in Nigeria have requested to increase their tariff to reflect the operating costs, as NERC stated that such a move is illegal and in line with its Rules.
United Capital, a Treasure in the Mire, United Capital Plc announces close period ahead of Q3 2019 results, United Capital Plc announces dividend payment for the financial year ended December 2019 , United Capital: The good and the bad

United Capital Plc announces dividend payment for the financial year ended December 2019 

United Capital Plc has joined the list of companies which recently announced dividends for the 2019 financial year.
HSBC to sack 35,000 workers in restructuring exercise 

HSBC to reduce staff strength by 35,000, restructures operations 

Hongkong and Shanghai Banking Corporation (HSBC) has decided to cut 35,000 jobs worldwide over the next three years.
Carbon supports techpreneurs in Africa with $100,000 fund initiative

Carbon supports Techpreneurs in Africa with $100,000 fund initiative

Carbon has introduced a $100,000 Pan-African fund, to reduce the lack of funding holding back budding tech entrepreneurs on the continent.
Despite intensive advertising, International Breweries reported lower revenue and a loss 

Despite intensive advertising, International Breweries reported lower revenue and a loss

Despite aggressive marketing and advertising strategies in 2019, International Breweries Plc reported a drop in revenue and a loss.
Nigerians are enraged as lawmakers reject Innoson cars for latest Toyota Camry

Nigerians are enraged as lawmakers reject Innoson cars for latest Toyota Camry

Many Nigerians have taken to Twitter to express their displeasure over news that members of the House of Rep have chosen foreign cars over local carmakers like Innoson.
Analysis: AIICO Insurance, who is buying?

AIICO Insurance observes closed period, as board of directors set to meet

The board of directors of AIICO Insurance Plc is set to meet on February 20th to review and approve the company’s FY 2019 audited financial statement. 
Data War: MTN edges our Airtel for first time in 5 months as 493,556 subscribers dump Glo, 9mobile , MTN is winning the data war, as 1.88 million subscribers dump Glo, 9mobile, Data War: MTN gains 8.18 million subscribers in 2019, as Airtel edges Glo, 9mobile

Data War: MTN gains 8.18 million subscribers, as Airtel edges Glo, 9mobile in 2019

Data released by NCC as at last December, disclosed that MTN recorded 54.11 million data subscribers over Airtel's 34.52 million subscribers in 2019.
NNPC, JV Partners spend $360 million on Ogoni clean up 

NNPC, JV Partners spend $360 million on Ogoni clean up 

The NNPC has disclosed that $360 million has been spent on the cleanup of the Ogoni land situated in the Niger Delta region of the country.  
Wema Bank's 2019 half year financial results

Wema Bank’s MD, others, face contempt charges as rift with Heritage Bank intensifies 

Wema Bank’s Managing Director and five other top officials of the bank are at risk of being slammed with committal orders for court disobedience.
Devakumar Edwin, Executive Director Dangote Group

Dangote Group emerges first African business firm to become PMI member 

Dangote Group has become the first African business organization to become a member of the influential Global Executive Council (GEC) of PMI.
Raghunath Mandava, MD and CEO of Airtel Africa

Airtel Africa announces IPO result in Malawi, says its fully subscribed

Airtel Africa has announced that the initial public offering of Airtel Malawi on the Malawi Stock Exchange was a success.
LaCasera had an awkward Valentine’s Day moment with Gala, causing customers to react 

LaCasera had an awkward Valentine’s Day moment with Gala, causing customers to react 

On Valentine’s Day, a Twitter account supposedly linked to The LaCasera Company posted a rather interesting tweet in commemoration of lovers’ day. 
To protect margins, Nigeria’s top brewers are set to increase prices , Nigerian Breweries, Economy: Local corporates taking advantage of the low yield environment , Nigerian Breweries goes to the retail lab, Analysis: Nigeria Breweries, the glory days are gone

Nigerian Breweries goes to the retail lab

Nigerian Breweries released its audited results for the 2019 financial year. As expected, there was a slight dip in both topline and bottom line.
Teleology's Co-founder, Omar Edewor, is redefining Value-Added Services with AE Technologies  

Teleology’s Co-founder, Omar Edewor, is redefining Value-Added Services with AE Technologies  

Omar Farouk Edewor is a vibrant Nigerian professional who is doing great things in the Nigerian telecommunications industry.
CBN’s N154.38 billion T-bills auction over subscribed by 46% as rates fall marginally

Nestle, Friesland to sign local milk production deal with FG, CBN

Nestle Nigeria and Friesland Campina WAMPCO are reportedly planning to sign an agreement with the Federal Government and the Central Bank of Nigeria (CBN) for local milk production.
Twitter warns political figures to abstain from fake, misleading statements, Has Twitter's Jack Dorsey changed the popular narrative attached to Nigerians?, Twitter forecasts future drop in revenue after milestone record in 2019 Q4 

Twitter forecasts future drop in revenue after milestone record in Q4 2019

Twitter has made a record-breaking revenue of $1.01 billion in its Q4 2019.