Nigerian Stock Market maintained negative stance as the key benchmark indicator, NSEASI, closed the month of September 2017 in the red zone with -0.18% loss as against -0.96% downtrend recorded in the month of August 2017 while NSE ASI YTD performance stands at +31.87% at the end of the month under review. Also, NSEASI closed ...
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Market Ends Q3’17 With 7.01% Gain as FMDQ Approves Registration of Wema Bank N50bn Commercial Paper
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Ecobank Nigeria Rewards Excellence; Promotes more than 1000 High Performing Staff
The management of Ecobank Nigeria Limited has announced the promotion of more than one thousand staff. This latest promotion exercise which affected about 30 per cent of core employees of the bank is in line with its commitment to recognizing and rewarding excellence and exceptional performance. The promoted staff cut across all cadres ...
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SSP celebrates 30 years in the African insurance market
SSP is delighted to be celebrating the 30-year anniversary of providing general insurance (short-term) software solutions to African customers. This makes SSP one of the longest-serving providers of general insurance technology solutions in the African market. SSP’s head office in Johannesburg is complemented by a regional account management office in Kenya. Together the two offices ...
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Heritage Bank canvasses more support for creative industry
Heritage Bank Plc has reiterated its support for the creative industry as alternative to crude oil. The MD/CEO of the bank, Ifie Sekibo stated this on Sunday at the Exhibition Gallery of National Museum Benin. The event was organised by the National Commission for Museums and Monuments (NCMM) in collaboration with the Edo State Government ...
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59 killed, 527 injured in Las Vegas shooting
Police are working to establish the motive behind a mass shooting which left at least 59 dead and another 527 injured at a Las Vegas concert. Gunman Stephen Paddock, 64, opened fire from the 32nd floor of the Mandalay Bay Hotel towards an open-air music festival on Sunday evening. Police found 16 guns in his ...
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Las Vegas Shooting Live Updates: Multiple Weapons Found in Gunman’s Hotel Room
A gunman on a high floor of a Las Vegas hotel rained a rapid-fire barrage on an outdoor concert festival on Sunday night, leaving at least 59 people dead, injuring 527 others, and sending thousands of terrified survivors fleeing for cover, in one of the deadliest mass shootings in American history. Online video of the ...
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FG approves tax relief for TSTV
The Minister of Information and Culture, Alhaji Lai Mohammed, has said the new PayTV platform, TSTV, will enjoy a pioneer status with a three-year tax relief. The Minister announced this in Abuja on Sunday night when he unveiled TSTV. “Dr. (Bright) Echefu (TSTV Managing Director), you have come at a very good time because this ...
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Lafarge Africa Names KPMG External Auditors
We write to formally notify the Exchange of the appointment of KPMG as External Auditors. KPMG has been appointed to replace Ernst & Young (Nigeria). Kindly note the changes for your record.
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Jaiz Bank Names Abdulfattah Olanrewaju Amoo as ED, CFO
Jaiz bank Limited on Tuesday notified the Nigeria stock Exchange and the public that the Board at its meeting of 26th July, 2017 approved the appointment of Mr. Abdulfattah Olanrewaju Amoo as Executive Director, Operations and Chief Finance Officer (ED OPS & CFO) of the Bank subject to the approval of the Central Bank of ...
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FirstBank’s Payment Card Issuance Hits 10 Million
…Three Accolades at Interswitch Awards The premier financial institution and Nigeria’s most valuable bank brand, First Bank of Nigeria Limited has been named the first financial institution in Nigeria and the West-Africa sub-region to issue 10 million cards to customers across the country. This makes FirstBank the second bank in Africa to achieve this ...
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Heritage Bank, US, NCMM support in positioning creative industry as alternative to crude oi
Heritage Bank Plc is fast stimulating economic diversification through support for the Nigerian creative industry towards sustainable, persistent growth as alternative to crude oil. The MD/CEO of the bank, Ifie Sekibo yesterday stated this at the Exhibition Gallery of National Museum Benin by the National Commission for Museums and Monuments (NCMM) in collaboration with the ...
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Nigeria plans Eurobonds, still in talks with World Bank: DMO
Nigeria will issue at least a $2.5 billion Eurobond this year and is still in talks with the World Bank for concessionary loans, the head of the Debt Management Office (DMO) told Reuters on Tuesday in an interview. Patience Oniha, director general of the Debt Management Office said Nigeria would issue $2.5 billion Eurobond which ...
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Ethiopian Airlines goes fully digital
Management of Ethiopian Airlines Group, the largest airline in Africa, has fully digitalized all its business processes like aircraft maintenance and flight operations, commercial operations and finance. Others are human resource management, customer services, procurement and supply chain management, online learning, management approvals and authorizations. A statement issued in Accra on Monday, signed by Mrs ...
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Access Bank Partners Remita to offer Payday Advance
Customers and non customers of Access Bank have been offered a unique platform that gives them access to loans against their next salary payment. The Payday Advance from Access Bank, in collaboration with Remita does not require any collateral or guarantor, and enables customers to obtain a loan instantly without going to the bank. In ...
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Seplat Announces Closed Period on Share Dealings
Pursuant to Clause 17.2 of the Amendments to the Listings Rules (the “Rules”) of the Nigerian Stock Exchange (the “Exchange”), please be notified that Seplat Petroleum Development Company Plc (“SEPLAT”) will be in a Closed Period for its Persons Discharging Managerial Responsibilities (“PDMRs”) and Insiders, from 1st October 2017 to 31st October 2017, as ...
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Nigeria’s total revenue at 2.305 trillion naira as of June 2017: budget office
Nigeria had taken 2.305 trillion naira ($7.53 billion) in total revenue as of June 2017, the budget office said on Tuesday. Ben Akabueze, director of the budget office, said the sum was 91 percent of the budgetary provision for the half year in Africa’s biggest economy. Source Reuters
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SEC Nigeria Celebrates World Investor Week 2017
The Securities and Exchange Commission has announced plans to join the International Organisation of Securities Commissions (IOSCO) and other capital market regulators across the globe to celebrate the 2017 edition of the IOSCO World Investor Week, which is a first of its kind from 2nd through 8th October 2017. The Investor Week (WIW) ...
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GTBank Announces Final Results for Intl Cash Tender Offer in Respect of U.S $400M 6.000 Per Cent Notes Due 2018
Kindly be informed that, Guaranty Trust Bank Plc (GTBank) on September 25, 2017, invited holders of its U.S. $400,000.000 6.000 per cent. Notes due 2018 (the Securities) to tender any and all of their Securities for purchase by GTBank for cash (One Offer) on the terms of, and subject to the conditions ...
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Capital Market scam: SEC Police Unit Arraigns BGL Officials
The zero tolerance stance on infractions of the Securities and Exchange Commission (SEC), received a major boost Thursday when the BGL Group and its officials were arraigned at the Chief Magistrate Court Zone 6, Abuja on charges of criminal conspiracy, Breach of Trust and cheating contrary to Sections 96, 312, 322 and 323 of ...
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Who Needs Restructuring?
BY OLUSEGUN BANKOLE—-As I type this little piece, I am currently in NISE, Anambra State and I must say that all the hue and cry about restructuring the country should not be about breaking up; it should be about restructuring our mindset in doing things the proper way. In our diversity, there is a lot ...
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