Court issues arrest warrant against Okocha for alleged tax evasion
An Igbosere High Court in Lagos, has extended the bench warrant against former Super Eagles Captain, Austine Jay-Jay Okocha.
Tinubu and Fashola owe $1.43bn foreign debt not me – Governor Ambode
The Governor of Lagos State, @AkinwunmiAmbode has explained that the current foreign debt owed by the State Government (@followlasg) was inherited from previous administrations before his tenure which began in 2015.
SEC to partner NAICOM, others to improve financial literacy among Nigerians
In a bid to boost its financial literacy campaign, the Securities and Exchange Commission (SEC) has announced it will be collaborating with several regulators in the Nigerian financial industry.
As FinTechs keep growing, Oscar Onyema urges investors to take advantage
Oscar Onyema nvestors have been advised to take advantage of the numerous investment opportunities available in the financial technology (fintech) space.
Mojec Partner Banks on Retail Financing for Mass Meter Acquisition
In what could best be described as a major step ahead of the commencement of the much anticipated Meter Asset Providers (MAP) scheme approved...
Access Bank again wins court case to take over former minister’s property
For the second time in less than four months, Access Bank Plc has gotten the nod to take over Etiebet’s Place in Ikeja, Lagos.
FY 2018: Regency Assurance Plc declares N200 million final dividend
Regency Assurance Plc has declared a final dividend of 3 kobo per 50 kobo share, amounting to N200 million for the financial period ended Monday, December 31, 2018.
Nigeria’s inflation rate drops to 11.25% in March
Nigeria's inflation rate slowed to 11.25% in March 2019. This is 0.06% lower than the 11.31% rate recorded in February 2019.
FG replies International Monetary Fund’s fuel subsidy removal request
The Federal Government (@AsoRock) has responded to the recommendation of the International Monetary Fund (@IMFNews) that the subsidy on premium motor spirit (otherwise known as fuel) should be removed.
FUGAZ Banks gross earnings decline marginally in FY 2018
Nigeria's five largest banks made a total of N2.63 trillion as gross earnings in the 2018 financial year
NSE closes in the negative despite positive performance by Dangote Flour Plc
The Nigerian Stock Exchange ended Monday's trading session, in negative territory. The All Share Index closed at 29.518.85 basis points, down 0.14%.
FY 2018: FBN Holdings Plc declares final dividend of 26 kobo
FBN Holdings Plc has declared a final dividend of 26 kobo per 50 kobo ordinary share for the financial period ended Monday, December 31, 2018.
Nigeria’s broadband penetration rises, yet internet remains slowest in the world
The latest statistics released by the Nigerian Communications Commission shows that broadband subscription increased to 63.1 million in February 2019.
Gloopro Founder shares 3 efficiency metrics for building a sustainable African startup
The founder of Gloopro, Olumide Olusanya, recently shared a Twitter thread explaining ways African founders can successfully run their startups.
Ex-Minister asks court to nullify Access-Diamond merger
The Securities and Exchange Commission (@SECNigeria) has been urged to nullify the merger between Access Bank (@myaccessbank) and Diamond Bank which took effect in March 2019 after the legal completion of the merger.
Mobile Internet Subscribers hit 114.7m, as 9mobile and Glo drop yet again
Data from NCC reveals that the total number of Mobile Internet Subscribers in Nigeria hit 114.7 million in February 2019.
Fixed Income Market Monitor (8th-12th April)
The money market rate increased last week as the Overnight rate(OVN) and Open Buy Back (OBB) rose to 21.57% and 20.29%from 16.14% and 15.29% respectively
NAICOM may soon raise insurance companies’ capital base to N15bn
Information has it that the capital base of insurance firms soon be increased to N15 billion. Insurance firms will also be mandated to recapitalise or merge in order to meet with this requirement.
Trump gives branding advice to Boeing as company struggles with public perception
The President of the United States of America, @realDonaldTrump, has advised American plane manufacturer, @Boeing, on how to overcome the current negative public perception regarding its airplanes.
GSK commits to Nigeria with local manufacturing partnership with Fidson Healthcare PLC.
Following the earlier announcement on the restructuring of its supply chain operating model, the board of GSK Consumer Nigeria Plc has approved the selection...
Is Jumia really worth more than GTBank following NYSE IPO?
Following last week's successful listing of Jumia Technologies AG on the NYSE, Nigerians spent the weekend discussing the development and its implications.
Younger employees don’t understand the concept of promotion – Ugo Obi-Chukwu
According to Ugo Obi-Chukwu, young generation workers do not understand the need to wait for two years for promotion or raise.
Flour Mills of Nigeria Plc laments over poor infrastructure, demands solution
The Group Managing Director of Flour Mills of Nigeria Plc, Paul Gbededo, has lamented over the lack of proper infrastructure in Ogun State.
Accessing Alternative Investment Opportunities in Nigeria for Better Returns
If you are like most other people in the world, you probably like things money can buy. You want to make a lot, and...
Nigeria’s External Reserves and SWF: Why IMF cannot be ignored
Within the last decade, crises in emerging markets have not only underscored the importance of maintaining adequate external reserves, it has also underscored the need to...
NOVA Merchant Bank Limited rated investment grade by 2 leading rating agencies
NOVA Merchant Bank Limited has received an investment grade rating from both Agusto & Co (Bbb) and Global Credit Ratings (BBB-).
FBN Holdings Plc reports 31.4% growth in profit after tax for the year ended...
FBN Holdings Plc has announced its audited results for the full year ended 31 December 2018.
ExxonMobil not planning to exit Nigeria – Kachikwu
Dr. Ibe Kachikwu, has reportedly disclosed that no International Oil Company (ICO) is planning to exit Nigeria.
Why entrepreneurs should speak out more about their failures
Kola Aina recently took to his Twitter page to shed light on the need for entrepreneurs to open up about their failures just the same way they talk about their success.
Despite 3 years unemployment, graduate rejects a driving job because it’s demeaning
A Nigerian lady identified as Anita M.V. Erskine on Twitter, recently recounted her experience with a Nigerian graduate who has been unemployed for three years.
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UPDATE: Dangote announces impending sale of Dangote Flour Mills Plc to Olam
The Board of Dangote Flour Mills Plc has notified the NSE and the investing public about the acquisition of its shares by Olam International Limited.
Watch two of these FUGAZ banks this week
@firstbankngr and @ubagroup top Nairametrics stocks to watch on the @nsecontact for this week.