Wealth.ng

World’s Largest TV!!! Sharp’s 90- Inch Television Arrives Nigeria

  Sharp, Middle East and Africa, part of Sharp Corporation, has announced the arrival of the world’s largest commercially available television, the 90 inch Aqua...

AGM Watch: Lafarge Increases Dividend Payout By 60%

Shareholders of Lafarge WAPCO Nigeria Plc have enjoyed bountiful returns on their investment as the company’s increased its dividend pay-out by 60 percent for...

Why Telecoms Can’t Guide Mobile Money -CBN

The Central Bank of Nigeria (CBN) has explained why it is unable to adopt a telco-led approach in the execution of mobile money services. CBN Governor Sanusi...

AGM Watch: Lean Africa (Formerly Longman) Approves 20kobo Dividend For FY 2012

Despite the impact of piracy, which negatively impacted the publishing industry in 2012, shareholders of Learn Africa Plc, last week in Lagos smiled home...

Did You Know Nigeria Had/Has A Venture Capital Law Packed With Incentives? Check this...

  I was doing some research on Investment laws in Nigeria only for me to bump in on a certain   VENTURE CAPITAL (INCENTIVES) DECREE NO....

Presco Oil Goes Retail…Introducing 5 & 20ltrs Oil Packs

If the advertorial I saw in the papers is anything to rely on then it confirms Presco Oil is set to introduce 5ltrs and...

Citi Bank Gloats: We Raised $400million Loan Facilities For Fidelity Bank

Citi Bank in Nigeria is a relatively small banking unit when compared to the its operations in Europe and in America. However, that will...

Like Really?? Oil And Gas Industry Needs A Bailout. Oil Company C.E.O

  The GMD/CEO of Mainland Oil and Gas, Mr. Chris Igwe was interviewed by a Daily Trust Reporter reporter and published on their website today. I thought...

AGM Watch: Mobil Shareholders Approve N5 Dividend Per Share For FY Dec 2012

“As we continue to plan for the challenges ahead, the directors recognise the need to constantly focus on shareholder returns that are competitive and...

Transcorp Plc Extends N13billion Rights Issue To June 7, 2013

  The Securities and Exchange Commission (SEC) has approved  a one-week extension for the Transnational Corporation of Nigeria (Transcorp) rights issue to enable wider shareholder...

Corporate Action: CAP Plc Proposes 1 For 4 Bonus Issues, UACN 1 For 5

CAP Plc Board of Directors have approved a 1 for 4 bonus issue and will be approved on their AGM date set for 24th...

Company Watch: Multiverse Plc, Chinese Firm Sign Multi Million Dollar Mining Deal

A Chinese mining , Unicontinental International Engineering Company Limited has signed a multi-million dollar joint venture agreement with Multiverse Plc to commence work on new...

Company Watch: Why We Are Investing $500million In Tanzania – Dangote Cement

The investment in this sector, which he explained as being outside the traditional mining sector, is to take advantage of the abundance of limestone...

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...