Within its first year of operation, Coronation Asset Management a subsidiary of Coronation Merchant Bank Limited today listed three mutual funds on the Nigerian Stock exchange for trading and accessibility by retail and institutional investors. The three listed funds are Coronation Money Market Fund; Coronation Fixed Income Fund and Coronation Balanced Fund. While 479 ...
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Coronation Asset Management lists three Mutual Funds on the stock exchange worth N2.17bn
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Lagos has potentials to be a net exporter of goods and services in Africa – Ambode
*Felicitates with CICAN at 25 Lagos State Governor, Mr Akinwunmi Ambode, has reaffirmed that Lagos State has potential to be a net exporter of goods and services in Africa, just as he expressed the need for the investing public to continue to have access to relevant information on the requirements ...
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Lagos requires 1m housing units yearly to fix shelter deficit in 10yrs – Ambode
…Says state population equals 30 African countries LAGOS State Governor, Mr Akinwunmi Ambode on Monday said a total of one million housing units are required every year between the next five to ten years to fix the deficit in providing shelter for the people. The Governor also said that the State, as against ...
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Oando Gas & Power Rebrands as Axxela: Name Change Signifies Renewed Ambition and Strategic Grow
Oando Gas & Power Limited, the erstwhile Midstream business subsidiary of Oando Plc, formally announces the change of its corporate identity and branding to Axxela Limited. The rebranding effort follows last year’s acquisition of a controlling equity stake in the business by Helios Investment Partners LLP, a premier Africa-focused private investment firm. Speaking on the ...
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FBNHoldings Name Oluseye Kosoko As Company Secretary
FBN Holdings Plc on Monday said it has appointed Oluseye Kosoko as Company Secretary subject to regulatory approval. The bank in a notice to the Nigerian Stock Exchange also said, Tijjani Borodo, the outgoing Company Secretary will still be around for the next few months to navigate a seamless transition for the substantive Company Secretary. Tijjani ...
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16 more millionaires emerge in Sterling Bank savings promo
Sterling Bank Plc, your one-customer bank, has again produced another set of millionaires in its on-going savers reward promo initiated to reward customer loyalty and encourage savings culture among Nigerians. At the end of the third draw held in Lagos at the weekend, 16 individual customers with a monthly balance of N25,000 in their ...
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Ghana: Fidelity Bank set to meet GHC400m capital requirement – MD
Professor Appiah-Adu commended Fidelity of being one of the most capitalized banks in Ghana Fidelity Bank Ghana has said it is well resourced and ready to meet the GH?400m minimum capital requirement set by the central bank last month. “In terms of Capital Adequacy Ratio, Fidelity is one of the most ...
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Airtel Ghana CEO quits ahead of merger with Tigo
Lucy Quist, Former CEO, Airtel Ghana The Chief Executive Officer (CEO) of Airtel Ghana, Lucy Quist has resigned from her position. She announced her resignation on her Facebook Page on Monday. The lady who is widely acknowledged as the first Ghanaian female to head a multinational telecommunications company, Airtel Ghana, ...
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PHOTO NEWS: FASHOLA, SARAKI, UDOM, DALONG AT THE 2018 FIFA WORLD CUP QUALIFIER IN UYO
Representative of the President and Hon. Minister of Power, Works & Housing, Mr Babatunde Fashola,SAN(3rd right),Senate President, Senator BukolaSaraki(2nd right) , Governor of Akwa Ibom State, Mr Udom Gabriel Emmanue(3rd left) and Hon. Minister of Sport, Barrister Solomon Dalong(2nd left), shortly after Nigeria defeated Zambia in the 2018 FIFA World Cup qualifier in Uyo, Akwa ...
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Zenith Bank Closed Period for Q3 2017
Zenith Bank Plc on Tuesday said it has closed period for trading on the Bank’s shares on October 9, 2017, in respect of unaudited accounts and financial statement for the third quarter period ended September 30, 2017. “All insiders and their connected persons are prohibited from trading (i.e buying, selling, transferring or otherwise dealing) ...
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IMF Affirms Nigeria as Africa’s Biggest Economy * Projects 1.9% growth in 2018
BY NKECHI NAECHE ( WASHINGTON DC )—-Following it gradual recovery from recession, the International Monetary Fund (IMF) on Tuesday projected that Nigeria economy will grow at 1.9 per cent in 2018. This was contained in its October 2017 World Economic Outlook released in Washington DC – that “it has upgraded its global growth projections ...
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Coca-Cola to launch $20 million ‘Safe birth initiative’ for Nigeria, Ivory Coast
In line with its long-standing commitment to women and the well being of communities, Coca-Cola will support the Ministry of Health to reduce the high maternal and newborn mortalities in Ivory Coast and Nigeria. The Coca-Cola will launch a new program “The Safe Birth Initiative” to support the Ministries of Health in Ivory Coast and ...
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Flour Mills set to raise N40bn rights issue
Flour Mills of Nigeria Plc on Tuesday said its has board has given approval in principle to the plans to commence with activities to raise additional funds through a Rights Issue and Medium-Term Notes. The statement released to the Nigerian Stock Exchange in Lagos said disclosed that it had registered a shelf fundraising program in ...
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Investment Tribunal Chair Moves To Restore Investors’ Confidence
Two years after the Investments and Securities Tribunal was dissolved by the Federal Government, a new tribunal constituted last month has commenced sitting on a number of market infraction cases in Abuja. In a chat with journalists, chairman of the tribunal, Mr Siaka Idoko-Akoh, says his team is poised to restore investors’ confidence in the ...
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IMF Raises Global Growth Forecasts, Calls For Reforms
The International Monetary Fund on Tuesday bumped up its global growth forecasts, saying an upswing in the world economy would likely gather pace into next year. But the global crisis lender called on governments to strike while the iron was hot, saying dangers for the current recovery lurked on the horizon and ambitious reforms were ...
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Buhari Name Ex-CBN Deputy Governor As FERMA Chairman
Mr Tunde Lemo President Muhammadu Buhari has approved the appointment of a former Deputy Governor of the Central Bank of Nigeria, Mr Tunde Lemo, as the Chairman of the Federal Roads Maintenance Agency. The Assistant Director of Press in the Office of the Secretary to the Government of the Federation, Mr Mohammed Nakorji, disclosed ...
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Nigerian Cement Sector Update October 2017: Strong Earnings Growth Despite Subdued Macro
Stellar y/y sales and earnings growth despite near-term pressures Despite the near-term pressures on demand elicited by weak economic conditions, our Nigerian cement names delivered stellar y/y sales and PBT growth in H1 2017. On the back of favourable pricing (up 73% y/y), sales growth for our Nigerian cement names averaged 43% y/y in H1 ...
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Recession: Recovery still sluggish, insufficient to lift per capita income in 2017- World Bank warns Nigeria
*Say Modest Growth Recovery in Sub-Saharan Africa BY NKECHI NAECHE (WASHINGTON)—– The World bank on Wednesday warned that the pace of the recovery in Nigeria from recession remains sluggish and will be insufficient to lift per capita income in 2017. The World made gave the warning in a released made available to ...
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World Bank Says Signs of Economic Recovery in Middle East and North Africa* Growth Still Impacted by Instability
WASHINGTON D.C. – World Bank on Wednesday said that despite a growth slowdown in 2017 at 2.1 percent, economic prospects in the Middle East and North Africa (MENA) region is projected to improve in 2018 and 2019 with growth exceeding 3 percent. It added that both MENA’s oil exporters and oil importers will ...
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Growth vs. Inflation, A Difficult Balance for Latin America and the Caribbean, Says World Bank
Latin America and the Caribbean growing again after last year’s contraction Regional rebound largely due to recoveries in Argentina and Brazil Unlike in wealthier nations, lowering interest rates to stimulate the economy is not an easy option in the region WASHINGTON DC – Latin America and the Caribbean is expected to grow again ...
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