First Bank (FBN) Projects 20% ROE For 2013

    FBN Holding Company Plc has projected a significant increase in return on average equity from 18.8 per cent recorded in 2012 to 20 per...

Official: SEC Approved List Of 32 Stocks That You Can Buy With Margin Loans

  By the way this list excludes Banks. I hope to review modalities for this loans once I get details. However, I do not like...

Bubble Season: Naira Depreciates, Nigerian Bond Yields Rise, As Foreign Investors Pull Out Cash.

Yields on Nigeria's 10-year bonds have increased by about three per cent in the past two weeks as investors sell-off their securities in anticipation...

Consumer Watch: MTN To Deliver Broadband Internet Service To Estates..Starting With VGC

MTN Nigeria says it has concluded arrangements to deliver broadband Internet via its high-speed fibre network to Victoria Garden City, Ajah, Lagos. According to the...

Naija Netflix? Is Iroko Tv Set To Launch DVD Collection

If something is really good online, chances are it will find its way offline soon enough and that’s what the tam at iRokoTV is...

Company Watch: Skye Bank Set To Partner With Barca Fan Club in Lagos

As part of its corporate social responsibility programme, Skye Bank Plc is partnering with Penya Barca De Lagos Club, the official FCBarcelona Fans’ Club...

Deal: Fastjet Plc Partner Nigeria’s Red 1 Airways To Operate Low Cost Airline

Fastjet Plc has signed a Memorandum of Understanding with Nigeria’s Red 1 Airways Limited to operate a low-cost airline in Nigeria and destinations across...

Forte Oil Projects N3Billion Profit After Tax For 2013

  Forte Oil Plc (formerly African Petroleum Plc) has projected a profit after tax of N3bn for the 2013 financial year. The company said it hoped...

Deal: Mansard Insurance Plc Acquires Procare Health Plan Ltd

  Mansard Insurance Plc has informed The Nigerian Stock Exchange that it has recently acquired the entire issued share capital of a Health Management Organization...

Interswitch To Create Holdco And Spin Off Verve As Separate Autonomous Businesses

Interswitch Transnational Holdings, a pan-African integrated payment processing and transaction switching company, has announced the spin-off, of two of its core divisions: Verve International...

Story: Why Low Service Quality Persists -MTN

  Telecom giant MTN has explained why the quality of service (Qos) is still low. It blamed the problem on the bureaucracy surrounding the rolling...

Deal: Swift Network Acquires Direct On PC’s Wireless Infrastructure

  Swift Networks, yesterday said it had acquired the long term evolution (LTE) or 4G business of Direct on PC (DoPC). With this transaction, Swift – the...

CcHUB Partners Microsoft, Others On Codecamp 2013

  Nigeria’s first open living lab and pre-incubation space, Co-creation Hub (CcHUB) has partnered Microsoft, Blackberry, and Thoughtworks to help aid the development of the...
Oando Plc Has Paid N16.39Billion In Dividends In The Last Five Years

Oando Plc Has Paid N16.39Billion In Dividends In The Last Five Years

  Oando plc has paid a gross dividend of N16.39 billion in the last five years in line with its determination to create value for...

Economy: Abuja, Five More States To Join Lagos State Cashless Policy -CBN

The Federal Capital Territory, Abuja and five other states in the country will join Lagos State in implementing the cashless policy of the Central...

Stanbic IBTC Bank Set To Commence Saturday Banking

  Stanbic IBTC Bank, a member of Stanbic IBTC Holdings Plc, has announced the commencement of Saturday banking in key cities across the country. A statement...

AGM Watch:UBA 50Kobo Dividend Approved By Shareholders

  Shareholders of United Bank for Africa Plc have approved 50 kobo dividend recommended by the bank for the 2012 financial year. This approval was given...

Company Watch: Chevron Set To Dispose Its Assets

An international oil company operating in Nigeria, Chevron, has announced its intention to divest its stakes in two shallow water oil blocks in the...

Consumer Watch: The Amazing $40k Samsung S9 85Inch UHD TV Hits Nigeria.

  Leader in digital media and digital convergence technologies, Samsung Electronics West Africa, has introduced its latest, super-sized Ultra High Definition TV, the S9, into...

Company Watch: Chams Set To Explore IT Potentials In Other Countries

Identity management solutions provider and electronic payment firm, Chams Plc, says it is planning to explore the Information Technology potentials in other African countries,...

AGM Watch: Wapic Insurance To Raise N3.51billion Via Rights Issue

Wapic Insurance Plc has opened the rights issue of 6.35 billion ordinary shares of the company’s stocks to existing shareholders. The offer, valued at N3.51bn...

Consumer Watch: BlackBerry Scholarship For Nigerian Women

BlackBerry is reaching out to women in Nigeria to urge them to apply for the new BlackBerry Scholars Programme, an initiative designed to inspire...

Company Watch: Okomu Oil Plans To Build Africa’s Largest Oil Mill

TO boost yield from oil palm and rubber plantations in the country, Okomu Oil Palm Company Plc has revealed plans to build the biggest...

South African Sovereign Wealth Fund Buys 1.5% Of Dangote Cement For N45.75billion

Public Investment Corporation of South Africa (PIC) Monday bought 255,607,605 shares or 1.5 per cent of Dangote Cement Plc for N45.75 billion. PIC is owned...

How To Calculate Cost To Income Ratio?

  I am sure some of us who bother reading financial statement of banks may have come in touch with the phrase "Cost To Income...

FMBN Plans Mortgage Scheme For Nigerians Living Abroad

The Federal Mortgage Bank of Nigeria (FMBN) is working out modalities to roll out a diaspora product to assist Nigerians living abroad to own...

Etisalat Surpasses NCC’s Benchmark On Service Quality

  Etisalat seems to be in the news these days. I guess the PR company has been read the riot act following the "Saka" debacle....

Bank Of Industry Set To Release $500million Facility For Entertainers & SME’s

The Bank of Industry (BoI) and the Africa Development Bank (ADB) are set  to release a $500 million credit facility. All formalities for the release...

PZ Wilmar To Invest $640million In Nigeria’s Palm Oil Market

PZ Wilmar, a joint venture of PZ and Wilmar international is set to invest $640 million to help revive the already diminishing palm oil...
Revenues

Naira Falling Quickly Against The Dollar. Now At 10 Months Low

  Nigeria's naira currency fell to its weakest level in almost 10 months on the interbank market on Friday, driven down by strong demand for...

Popular

Meet Chinedu Echeruo, whose company was bought by Apple for $1bn

Meet Chinedu Echeruo, whose company was bought by Apple for $1 billion

Amidst the heated controversy that surrounds the FBI list of fraudulent Nigerians, Chinedu Echeruo has been identified as one of the many Nigerians who are doing the country proud.
Investing

If this doesn’t encourage you to start investing today, nothing ever will!

Indeed, your savings are being stolen! And not only should this worry you, it should also spur you to start investing today.
FG warns banks, others

FG to sanction banks, oil companies, as employment opportunity becomes family affair

The Federal Government has warned Deposit Money Banks, other financial institutions and oil companies against unjust termination of workers' contracts.