VFD mulls banking license, seeks to raise additional capital

VFD mulls banking license, seeks to raise additional capital

Shareholders of VFD Group Ltd have approved plans by the management to raise additional N7 billion capital as it seeks to expand it business portfolio in the coming year.
MTN, Disney

MTN’s $2 billion tax trial suffers another delay

The ongoing trial between embattled teleco-giant, MTN Nigeria and the Attorney General of the Federation over a $2bn tax demand has been adjourned
Standard Chartered Bank

Standard Chartered plans to invest more in digital channels

StanChart deepens digital banking investments
NIYI ADENUBI

The week that shook the world: the collapse of the Lehman Brothers and the...

Too big to fail. Is anyone or anything really too big to fail? 10 years ago, the answer to this may have been yes;...
Aliko Dangote

Dangote on diversification: Nigeria wasted money importing goods

Africa's richest man, Alhaji Aliko Dangote, has reiterated the need for economic diversification as the key to wealth creation in Nigeria. 
Diamond Bank, Access Bank

Are the storms over for Diamond Bank?

2018 looked to be an annus horribilis for Diamond Bank, but it is slowly turning around.

Access Bank bags 4 SERAS CSR awards

Access Bank gets SERAS CSR recognitions

Lafarge Africa to raise N89 billion through rights issue

Cement giant Lafarge Africa in a notice sent to the Nigerian Stock Exchange (NSE), today has indicated its intentions to raise N89 billion through...
Burger King

America’s fast food company mulls Nigerian market

American global fast food outlet, Burger King (BK), has revealed plans to enter into the Nigerian market as it looks outside the U.S growth.
Gamers

This is how much Nigeria’s gaming industry has generated so far this year

The booming gaming industry in Nigeria has once again received a global recognition as reports from the Global Games Market for 2018 has revealed.
Consolidated Hallmark Insurance

Consolidated Hallmark Insurance forges ahead

Consolidated Hallmark Insurance Plc has opted to continue with its capital raising exercise.
Market insight

Market/economic insight: the weekly brief (November 26th – 30 November 2018)

The performance of the Nigerian Equity Market remain bearish last week with the index (NSE ASI) down by 2.54% WTD to close at an index level of 30,874.17 and Market capitalization of N11.27 trillion.

GTBank maintains leading position as best bank in Nigeria; wins bank of the year,...

Foremost African financial institution, Guaranty Trust Bank Plc has won the award for "Bank of the Year Nigeria” for the second year in a...
Green Bonds Issuance Rules

SEC gives new date for commencement of Electronic IPO

Acting Executive Commissioner, Corporate Services, SEC, Mr. Henry Rolands, has assured that the long awaited electronic IPO.
FirstBank

Fitch revises outlook on FBNH to positive; affirms at ‘B-‘

Fitch Ratings has revised the Outlook on the Long-Term Issuer Default Ratings (IDR) of FBN Holdings Plc (FBNH) and its primary operating company, First...

Despite transfer of ownership, Teleology yet to get operational license

The problem with Etisalat Nigeria, now 9mobile, started last in 2017 after the telco defaulted on a $1.2 billion loan.
Diamond Bank, Access Bank

Diamond Bank receives CBN approval to operate as a national bank

Diamond Bank Plc Nigeria’s fastest growing retail bank, has received the approval of the CBN following its application to operate as a National Bank.
MTN, Public Investment Corporation

Investor increases stake in telco giant, MTN

Africa's biggest fund manager, Public Investment Corporation, PIC has reportedly raised its stake
Odjegba Divine, UBA Foundation

14–year old Odjegba Divine is 2018 Winner of UBA Foundation’s National Essay Competition

Odjegba Divine Omesiri emerged the overall winner of the UBA Foundation National Essay Competition.
CCNN, Kalambaina Cement

Shareholders overwhelmingly approve BUA’s Kalambaina Cement & CCNN merger

With this shareholder approval, the new CCNN will have a total installed capacity of 2million metric tonnes.
BUA Group

CCNN shareholders approve merger with Kalambaina cement

Shareholders of Cement Company of Northern Nigeria (CCNN) have approved the company’s merger with Kalambaina cement.
Investment One Financial Services Limited

Investment One advocates investment in tech as it clocks ten

Investment One Financial Services Limited wants Nigerians to really think about some of the tech ideas that are shaping the future, and invest in them.
FCMB group - nairametrics

FCMB Group PAT jumps 109% in Q3 2018

FCMB Group Plc has released its results for the nine months ended September 30, 2018. Here are highlights of the results. Gross Earnings  Gross Earnings for...
Smartmicro Systems Limited, Michael Obasuyi Osasogie

How Smartmicro MD defrauded First Bank Plc

More facts have emerged on how Mr. Michael Obasuyi Osasogie, Managing Director, Smartmicro Systems Limited defrauded First Bank Plc to the tune of N11 billion.
Development bank of Nigeria

DBN empowers 35,000 MSMEs in 1 year

DBN has provided credit facilities to MSMEs within the first year of commercing operations.
How Mobil allegedly shortchanged Nigeria of $1.9 billion

How Mobil allegedly shortchanged Nigeria of $1.9 billion

Mobil Oil, other oil companies under probe
NCC

Why NCC seems not ready for a new telecoms operator

NCC has given reason why issuing a new license to another Telcoms operator is not feasible presently.
Non-Performing Loans, Inflation, Unemployment, CBN, Naira

Nigeria to benefit from UK’s $4.5 billion investment plan

The United Kingdom's development finance arm, CDC Group Plc have announced plans to invest more than $1 billion in Nigeria.

Access Bank will recall its 2021 bond this year

Access Bank will redeem a $400 million Eurobond, which was due by 2021 this year.
NSE President, Oscar Onyema concludes tenure at ASEA

NSE President, Oscar Onyema concludes tenure at ASEA

Oscar Onyema steps down as ASEA President after election
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