Afriland Properties (former UBA Properties) Pays N100m Dividend

Afriland Properties Plc has received the approval of its shareholders to pay a dividend of N100m for the financial year ended December 31, 2013. The...

GT Bank Launches Mobile Money For Windows Phone

Nigerians retail banking giant GTB just launched its Windows Phone Mobile app called GT Mobile money.  The platform already exist on Androids and iPhones...

Okomu Shareholders Approve Okomu’s N2.5bn Expansion Plan

Shareholders of Okomu Oil Palm Company Plc on Wednesday approved the proposal of the management for the expansion of its current oil mill from...

Official: Sterling Bank Introduces Loans For Facebook & Twitter Users..See How It Works

Sterling Bank Plc yesterday launched a ‘Social Lender’ scheme that would enable it grant loans to its customers on Facebook. Speaking at the product launch,...

Helios Investment Partners Buys Minority Stake in ARM Pension Managers

Helios Investment Partners, a private-equity firm that focuses on Africa, has bought a minority stake in Nigeria’s ARM Pension Managers to tap into the...

AMCON To Repay N800b Bonds in August and Has No Plans To Buy New...

The Asset Management Corporation of Nigeria says it plans to repay N800bn of bonds due by August this year. The spokesperson, AMCON, Mr. Kayode Lambo,...

Money Spinner? Caverton Helicopters Opens First Commercial Aviation Training Center At MMA

Here is some bit of good news for the Caverton Group. Caverton Helicopters Limited (a subsidiary of Caverton Offshore Support Group PLC) has notified...

VC Firms That Invested In Cheki & Jobberman Begins Screening New Startups For Investments

The venture capital firm, 440.ng, has opened applications for its 2014 Lagos Accelerator programme. The fund is a partnership between venture capital firms, 88mph...

U Turn or Reality Check? Emefiele Says No Action on Lending Rate Before General...

The new Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has clarified his agenda on the planned reduction of lending rates, saying...

Are These Signs That Banking Stocks Are About To BOOM>>>>>

  The Banking Sector has had a tumultuous 2014 as strict regulatory and monetary policy guidelines threaten their profitability in the months to come. Investors...

B-O-O-M: GT Bank Hits One Year High At Close Of Business (June 6, 2014)

Guaranty Trust Bank  (GTB) hit a one year high of N30 at close of business Friday June 6, 2014. This share price firmly places...

Track Your Money: Dividends Scheduled For Payment This June (2014)

The following dividends are due for payments this June 2014. If you are a shareholder in these companies, I suggest you take note of...

Emefiele’s Statement Sends Naira Crashing To Two Months Low

Reuters: Nigeria's naira weakened to more than two month low of 164.46 to the dollar on Friday, down 0.37 percent, a day a day...

Official: Dangote Flour Mills Appoints New CEO

Dangote Flour Mills Plc has notified The Nigerian Stock Exchange of the appointment of Mr. Thabo Mabe as the substantive Group Chief Executive Officer...

Caverton Declares 12.5kobo Dividends and Announces Plans To Expand Operations

The Chairman, Caverton Offshore Support Group Plc, Mr. Aderemi Makanjuola, has said the company will commence the construction of an aircraft maintenance, repair and...

OFFICIAL: No More Charges On Over The Limit Bank Deposits – Emefiele

In a move that is sure to excite bank depositors the new CBN Governor stopped charges on deposits made into banks. Until now, depositors...

Track Your Stocks: Top 5 Stocks Today (5/6/2014)

Redstar Express led the gainers chart today gaining 5%. On a day that the CBN Governor revealed his policy mandate for his tenure no...

What Godwin Emefiele’s Policy Statement Means For Your Money

The current CBN made his very first policy statement today as a CBN Governor and it was one that sent the markets south. In...

Deal: Ecobank Acquires ProCredit Holding Of Mozambique

Africa's Ecobank said on Tuesday it had bought a 96-percent stake in the Mozambican subsidiary of Germany's ProCredit Holding, raising the number of countries...

KPMG: Nigerian Banks’ Assets Worth $117b and Growing

The banking sector is expected to grow to over $168 billion by 2015, a KPMG report on the subsector has said. The sector was...

MERGER: Lafarge South Africa, Ashaka Cement & Other Subsidiaries To Transfer Shares To Lafarge...

Lafarge Group has announced its intention to transfer all of its shares in its businesses in Nigeria and South Africa into Lafarge Cement WAPCO Nigeria Plc...

Caverton Wins Contract Extension From Total

Caverton Offshore Support Group Plc has notified The Nigerian Stock that TOTAL EXPLORATION & PRODUCTION NIGERIA LIMITED has exercised contract extension options with the...

Fitch Rates Diamond Bank’s $200million Debt “B”

Fitch Ratings has assigned Diamond Bank Plc's (Diamond) USD200m senior debt notes a final Long-term rating of 'B' with a Recovery Rating of 'RR4'....

A-L-A-R-M-I-N-G: External Reserves Fall by $11.3bn In One Year

The nation’s external reserves have fallen by $11.3bn from $48.4bn in May last year to $37.1bn as of May 27 this year, representing a...

Your Money: Why Naira Expected to Appreciate Against The Dollar Next Week

The naira is expected to extend gains against the U.S dollar next week on support from energy companies' month-end dollar sales. The naira was...

FBNH Believes This Short-Term Growth Plan Will Bring Its Mojo Back

FBN Holdings Plc has launched a new short-term strategic growth plan that will enhance the leadership position of the holding company and ensure better...

Honeywell, US Agency Sign Agreement for N31bn Sagamu IPP

The Honeywell Group and the United States Trade Development Agency (USTDA) Thursday signed a grant agreement for a feasibility study on the company’s N31...

Official: Skye Bank Secures $150m Tier-2 Capital

As part of efforts to expand its operations, Skye Bank Plc Thursday disclosed that it has raised about $150 million tier-2 capital. The bank’s Group...

Oando Gained 10% Today and This Is Why (22/5/2014)

I got a tweet today pointing my attention to the apparent rise in Oando's shares. At the close of trading today the stock had...

Baptism of Fire: Caverton Stock Drops 18% In Just Two Days After Listing

  It's not often a stock gets listed only to be pounded by the market. Caverton Group listed on the 2oth of May at a...

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Cadbury Nigeria Plc appoints new managing director

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Cadbury Nigeria Plc today announced the appointment of Mrs. Oyeyimika Adeboye as Managing Director, effective 1st April 2019. Mrs. Adeboye takes over from Mr. Amir...
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How to make $1bn from a single product in Nigeria

Nigerian businesses owned by foreign nationals have thrived. Here's a look at how they did it.