Leadway Assurance, Leadway Pensure partner Nollywood on Health Insurance,...
From left: Executive Director, Leadway Pensure PFA, Mr. Olusakin Ladeodan; Director, Administration and Human Resources, Lagos State Ministry Of Tourism, Art and Culture, Mrs Olubisola...
View ArticleFCMB Group – Retaining Neutral recommendation post Q2
Rolling over to 2018 Following FCMB’s Q2 2017 results, we have increased our EPS estimates over the 2017-18E period by an average of 12%. This is because we have chosen to limit the impact of the...
View ArticleEcobank Excites Customers With “Double Your Target Saving” Promo
Ecobank Nigeria has unveiled a “Target Savings Promo”, giving customers the opportunity to win double their savings in the bank within a specified period. The promo tagged, Double Your Target Savings...
View ArticleAccess Bank Assures African Businesses of Global
Access Bank Plc has assured African businesses and entrepreneurs of its readiness to fill in the gap created by the big global banks in service rendition to Africa. Group Managing Director/CEO of...
View ArticlePension Fund Operator Slams 75% Lump Sum Proposal
The managing director, IEI-Anchor Pension Funds Administration (PFA), Mr. Glory O. Etaduovie, said the 75 per cent lump sum proposal destroys the very essence of pension – a steady income at...
View ArticleKanye West Sues Lloyds Of London Over Insurance For Cancelled Shows
Kanye West A lawsuit filed Tuesday by representatives of Kanye West claims insurers have failed to pay nearly $10 million for West’s canceled Saint Pablo Tour last year. The suit filed by Very...
View ArticleMTN returns to first-half profit after turbulent 2016
MTN Group, Africa’s biggest mobile phone operator, returned to first-half profit on Thursday, marking a move away from a turbulent 2016 that highlighted the risks of the company’s emerging markets...
View ArticleNigeria Moves Closer to Single Naira Rate
FMDQ asked banks to quote the naira off Nafex trades: Ecobank Naira’s quoted interbank rate weakens to same level as Nafex Nigeria took a step to unify its multiple exchange rates by allowing banks...
View ArticleNestle Nigeria – In Line to Deliver Strong Earnings Growth In 2017
Neutral rating maintained Nestle Nigeria (Nestle) posted earnings of N8.2bn compared with a loss of –N6.2bn in Q2 2016. We draw many positives from these results such as gross margin expansion and...
View ArticleFlour Mills of Nigeria Plc – Earnings Beat Despite Lingering Cost Pressures
· Revenue prints in line with estimate – up 25% y/y · Gross margin weakness, elevated finance costs remain a challenge · Gains from FX hedge support Q1’17/18 earnings beat – PAT up 3% y/y Strong...
View ArticleNSE Emerges CSR Company of the Year
The Nigerian Stock Exchange (“NSE” or “The Exchange”) is pleased to announce that it received the “CSR Company of the Year Award” at the Commerce & Industry Awards 2017 organised by Lagos Chamber...
View ArticleDebt Recovery, EFCC Pledges More Support for AMCON
L-R: Executive Director, Asset Management Corporation of Nigeria (AMCON), Dr. Eberechukwu Uneze, MD/CEO, AMCON, Mr. Ahmed Kuru, Acting Chairman, Economic and Financial Crimes Commission (EFCC), Mr....
View ArticleFSBA Workshop: Fidelity empowers entrepreneurs in Onitsha
In furtherance of its commitment to continually support and grow the Micro Small and Medium Enterprises (MSMEs) in the country, Fidelity Bank Plc held a 4four- day empowerment workshop for unregistered...
View ArticleYetunde Ilori Resumes Office As DG NIA Monday August 7
Following her appointment by the governing Council of the Nigeria Insurera Association( NIA), Mrs. Yetunde Olubunmi Ilori, will on Monday, August 7, 2017 resume as the substantive...
View ArticleState governments have bloated debt stocks
…Monthly allocation as loans collateral not sustainable- DMO boss By Gbenga Adebola The Debt Management Office (DMO) has said it would no longer be business as usual for state governments to...
View ArticleCAMAN commends SON commitment to high quality of local manufacture
The Chief Executives of Cable Manufacturers in Nigeria have given kudos to the commitment of the Standards Organisation of Nigeria (SON) in providing a level playing field for genuine local manufacture...
View ArticleUnilever Nigeria Explains Facts Behind the Rights Issue; Urges Shareholders...
In view of its recently announced Rights Issue, Unilever Nigeria Plc. yesterday presented facts behind its plans to raise N58, 851,275,010.00 on the floor of the Nigerian Stock Exchange in Lagos. Total...
View ArticleInflation Rate to Drop Further to 15.96% in July 2017 – FSDH
We expect the inflation rate (year-on-year) to drop to 15.96% in July from 16.10% recorded in the month of June 2017. Although the inflation rate (year-on-year) dropped consistently between...
View ArticleDiamond Bank Plc – Best Foot Forward in H1 Still?
2017 full year PBT guidance of N20bn unchanged Diamond Bank’s underlying Q2 2017 results were not significantly different from our forecasts. Notwithstanding, a modest increase to our funding income...
View ArticleRice imports: AfDB decries $400 million annual bill
Ghana has the capacity and resources to produce rice for consumption and export, the President of the African Development Bank (AfDB), Mr Akinwumi Adesina, has said. “It, therefore, has no business...
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