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NIGERIAN BUSINESS NEWS
Shareholders of Stanbic IBTC Holdings Plc yesterday approved a dividend payment of N15.36 billion, proposed by the board, for the 2018 financial year.
A new majority shareholder may have taken shelter in Wema Bank Plc, going by the recently-recorded spike in the company's sales volume.
Motorbike hailing service, Max.ng, has raised $7 million funding. This round is led by Novastar Ventures, with the participation of Japanese manufacturer, Yamaha.
Just a day after Patience Oniha of the Debt Management Office (DMO) disclosed that the Federal Government has no plan to return to Eurobonds market this year (2019), the debt office said it might issue some Eurobonds after all.
Multinational professional services firm PricewaterhouseCoopers unveiled its first experience centre in Lagos, yesterday.
President Muhammadu Buhari has revealed why Nigeria has not agreed to sign the African Continental Free Trade Area (AfCFTA) agreement.
Shareholders of Eterna Oil and Gas Company Limited have approved a total dividend payout of N326 million for the financial year ended 2018, translating to 25 kobo per every 50 kobo ordinary share held.
The Nigerian Stock Exchange ended Wednesday's trading session in negative territory. The All Share Index closed at 29,772.72 basis points, down 0.15%.
SEC has finally approved the commencement of operations of the Lagos Commodities and Futures Exchange (LCFE) as a full-fledged commodities market.
The demolition of masts and high structures belonging to telecommunication companies and commercial banks will begin with immediate effect, the Nigerian Civil Aviation Authority (NCAA) has declared. This comes after the 30-day ultimatum given by NCCA elapsed.
The share price of Forte Oil Plc opened at N32.30 per share at the Nigerian Stock Exchange yesterday up from its last week opening price of N25.75, signalling a 24.44% rise in value barely one week after the Exchange endorsed the transfer of the 75% majority equity stake in the company from its Chairman, Femi Otedola, to Prudent Energy and Services Limited in a share purchase deal.
The Central Bank of Nigeria (CBN), has revealed that Nigeria attracted total capital inflows worth $33.27 billion in the past seventeen months.