Video: 4 Years Today As CBN Gov, Sanusi Says “We Are Exactly Were We...

Very few people will score the CBN Governor very low as he celebrates his four years as head of the CBN today. I personally...

Nestle Plc Share Price Crosses N1,000 Per Share

Nestle finally hit the N1,000 share price at close of trading May 31 2013. As at closing today, June 3rd 2013 the share price...

Nestle Plans To Build Third Factory, Blames Insurgency In The North For Fall In...

Nestle Nigeria Plc released its Q1 2013 earnings earlier in May with pre-tax profits dropping 4% to N7billion when compared to the same period...

Official: FBN Holdings (First Bank) Will Pay N1 As Dividend For FY 2012

  Shareholders of FBN Holdings Plc last week approved the N32.6 billion dividends recommended for the year ended December 31, 2012 and commended the board...

AGM Watch: May & Baker Plans To Raise Capital (Owes TY Danjuma’s Company About...

May & Baker Nigeria Plc will raise additional capital to support its business expansion and position itself  against competition, the Chairman of the company,...

CBN: 75% Of P.O.S Machines In Lagos Are Not Working

About seventy-five per cent of the Point of Sale terminals deployed for the cash-less Lagos initiative of the Central Bank of Nigeria are inactive,...

Cash-less: Banks To Enforce Rejection Of Third Party Cheques Exceeding N150,000 From Monday June...

I received a text message yesterday from my Bank as follows; 'Dear Customer, kindly note that from June 1, 2013, 3rd party cheques over...
Oando Plc Has Paid N16.39Billion In Dividends In The Last Five Years

Deal!! Oando Refinances $386million Loan To Its Subsidiary Oando Energy Resources

Oando Energy Resources Inc. ("OER" or the "Company") , a company focused on oil exploration and production in Nigeria, today announced that it had entered...

Sanyo Acquires 25% Stake In Olam Nigeria’s Noodles Business

The Nigeiran Food Business can't get anymore competitive can it.... Japan's Sanyo Foods has joined forces with Olam International to manufacture and distribute instant noodles...

PZ Partner With Wilmar To Invest N100billion In Nigeria (Will Create over 12k Jobs)

PZ Cussons and Wilmar International are working on a multi-billion palm produce investment that will be developed on 50, 000 hectares of land. The investment...

Award Season: GT Bank Is African Bank Of The Year

It's the award season and banks love awards like this... The Guaranty Trust Bank Plc (GTB) yesterday announced that it was on Wednesday conferred with...

AGM Watch: Lean Africa Claims Market Leadership In Publishing

Believe it or not? Learn Africa Plc, formerly Longman Nigeria Plc, has reported that it controls about 60 per cent market share in the publishing...

Company Watch: Pharma-deko Shareholders Approve Equity Raising Via Rights Issue

  Shareholders of Pharma-Deko has approved the boards proposal to raise fresh equity via a rights issue. See below; Shareholders of Pharma-Deko Plc have given the...
Skye Bank

Skye Bank Shareholders Approve N50billion Capital Raising

I mentioned some days ago that Skye Banks is looking to raise equity to increase its Capital Adequacy Ratio. Reuters has confirmed as follows; Skye...

IFC Acquires 8% of Tantalizers Plc

IFC must be finding some economic value in the floundering food business in Nigeria. After investing in Food Concepts (owners of IFC) has now...

Award Season==>> Sanusi Is Central Bank Governor Of The Year For The Third Time

It appears all the Central Bank Governors are either under-performing or just not interested in vying for this awards. After all Awards are very...

Official: First Bank To Close Branches for Two Days Starting Thursday 6th June –...

  If you are an account holder in First Bank better take not of this and make sure you're not caught napping.... First Bank Plc will...

Investment Opportunity In Dogonyaro – (May Be A Cure To Hiv?)

I saw this article in the AM Business Section (Which I bi weekly contribute to as well) written by jennifer Abraham, about the investment...

Oshiomole Happy With Guinness N35billion Investment In Brewery In Benin City

This is great news for the people of the ancient city if Benin. However, it will be interesting to see how this benefits shareholders. Edo...

Digital Printing Company Konica Minolta Has Invested N1billion in Nigeria

Konica Minolta is a Japanese Company that manufactures business and industrial imaging products, including copiers, laser printers, multi-functional peripherals (MFPs) and digital print systems for...

After Being Bailed Out By AMCON, Nigerian Banks Continue To Chase Awards. This Time...

Despite lending at exorbitant rates and only just recovering after being bailed out by AMCON, the award spree has started again.   Guaranty Trust Bank Plc...

GSK Shareholders Against Take Over By Foreign Owners??

I saw this article on Vanguard which I thought was worrying. It's not clear who is complaining here but all the same it is...

Sorry Folks: CBN Won’t Rush To Cut Interest Rates – Sanusi

Just like I expected; The Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, Monday  restated that the central bank will not...

How Saka Ported To MTN

I am probably one of the very few people who think the MTN ad many refer to as a masterstroke (including me) was unethical...

Despite Having Industry Lowest Cost To Revenue Ratio, GTB Sacks 100 Staffs

  GT Bank has changed much since the entrance of Segun  Agbaje as MD. They've continued to lead the indsutry in terms of profitability mostly...

Confirmed: 7 Nigerian States Control 90% Of Cash Transactions In Nigeria. (See List)

This is worth Noting "The Central Bank of Nigeria (CBN) has said Lagos and the six other states control about 90 per cent of cash...

Nigeria Consumes Far Less Beer Than Other African Countries – Guinness MD

I'm pretty sure will find this hard to believe but coming from the first Nigerian MD of Guinness (Mr Seni Adetu) in over 20...

International Breweries Plc Declares 25kobo Dividend For Period Ended March 2013

International Breweries Plc has declared a dividend of 25kobo per share or 1 for 85 held in the company. The company plans to pay...

Confirmed===>” Low Interest Rate Not Feasible” CBN

Not like it's anything new but to hear it from the CBN itself is worth noting. “Everywhere in the world, if you have an election,...

AMCON Tenure Actually Begins in 2014 Not 2010!!!! Sanusi

  Don't worry I am as gobsmacked as you are. Anyway, the CBN Gov was quoted as follows; About Lifespan “Clearly from where we are, we have...

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Femi Otedola

Femi Otedola is having a Gelato experience with his billionaire friends

So, Femi Otedola took a break and hung out somewhere nice with some of his billionaire friends. They even ate some ice cream. Guess the name of the ice cream? It's #Gelato
Cashless Policy

Outrage as Nigerians react to new CBN deposit and withdrawal charges

More reactions have continued to trail the Central Bank of Nigeria’s partial implementation of deposit and withdrawal charges for individuals and companies in Nigeria. #CashlessPolicy
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If you’re in your 20s & 30s, here are some ideal investments

It struck me that I have peers who are struggling and confused about how and what to invest in while young, in order to ensure financial security at old age. So, I wrote this article...