I did not describe those asking for restructuring as political jobbers-Osinbajo
Acting President Yemi Osinbajo, SAN, has expressed surprise at the news report quoting Chief Ayo Adebanjo as saying he described those agitating for restructuring as political jobbers. At no time did...
View ArticleUnion Bank Plc H1 2017 Conference Call & Earnin
Union Bank Plc held its H1’17 Investors and Analyst Conference Call Earnings Presentation. Proshare NG participated along with leading market analysts and professionals. In reviewing the operating...
View ArticleCCNN Q2 2017 – Moving Beyond Recovery to Growt
Cement Company of Northern Nigeria Plc (CCNN) is expected to benefit from a ramp-up in plant size by FY 2018 based on the ongoing capacity expansion from 500kT to 1.5MT per annum. Furthermore, the...
View ArticleUpdates: Nigerian Economy Signals a Turnaround ETI Names Eric Odhiambo New...
Ecobank Transnational Inc. (ETI), parent company of the Ecobank Group, announced today that Mr. Eric Jones Odhiambo will join the Group on September 22, 2017 as Chief Risk Officer and Group Head, Risk...
View ArticleForte Oil Denies Alleged Strategic Partnership with Local Refineries to...
“Pursuant to Rule 17.10 of the Rulebook of the Nigerian Stock Exchange, Forte Oil Plc wishes to bring to your attention that we recently became aware of publications by various online media outlets...
View ArticleMobil Nigeria Now 11 Plc
Dealing Members are hereby notified that Mobil Oil Nigeria Plc has changed its name to 11 Plc (pronounced as “Double One Plc”). This is sequel to the resolution passed by the company’s shareholders at...
View ArticleHoneywell Adopts New Corporate Logo & Product Packaging
We hereby notify the general public of the changes in Honeywell Flour Mills Plc.’s corporate logo and product packaging. These changes were premised on the need to re-position the Honeywell brand in...
View ArticleTotal Nigeria Plc – Allegation of Indebtedness
The Management of Total Nigeria Plc (Total) has been made aware of several publications in the press alleging that the Economic and Financial Crimes Commission (EFCC) has recovered a total of ₦328.9...
View ArticleFG discontinues TSA’s $793.2 million suit against 7 banks
The Federal Government has filed a notice of discontinuance in a suit it filed against seven commercial banks seeking the remittance of the sum of $793,200,000 allegedly hidden with them in...
View ArticleFG to raise N62.4bn in treasury bills next week
Federal Government is planning to sell N62.43 billion of treasury bills at an auction next Wednesday, the Central Bank of Nigeria said on Wednesday. The bank plans to offer N32.43 billion in...
View ArticleHeadline Inflation in July to Marginally Increase to 16.26
Year-on-Year headline inflation is expected to increase by 0.16% to 16.26% in July, leading to a reversal of a positive trend of the last 5 months. The influence of base year effects on headline...
View ArticlePromasidor Names Anders Einarsson New Managing Director
Promasidor Nigeria Limited has appointed Mr. Anders Einarsson as Managing Director. Einarsson, succeeds Mr. Olivier Thiry, who is now elevated to the Group as Chief Executive Officer. Until his...
View ArticleGOCOP gets new executive
The Publisher of The Eagle Online, Dotun Oladipo, has been elected President of the Guild of Corporate Online Publishers. The election was conducted on Wednesday at Adna Hotel, GRA, Ikeja, Lagos....
View ArticleObaseki restates commitment to Primary Health Care in Edo
The Governor of Edo State, Mr. Godwin Obaseki, has restated his administration’s commitment to a strong primary health care system that will deliver quality services to Edo People. According to him,...
View ArticleMercedes-Benz records 1.3m sales, begins Q3 with double-digit growth
Renowned automobile firm, Mercedes-Benz has sustained its successful streak of double-digit growth since the beginning of the year. Already, the firm has commenced the third quarter with a new sales...
View ArticleDIEZANI ALISON-MADUEKE: What an Appetite!
Mrs. Diezani Alison-Madueke TONY ORILADE/AISHAH GAMBARI—-N47.2 Billion and $487.5 Million in cash and properties have so far been traced to the former Minister of Petroleum Resources in the...
View ArticleAccess Bank adjudged ‘Best Sustainable Bank’
Herbert Wigwe [3rd from Left ], Group MD of Access Bank with officials of the Bank, award organisers Access Bank has for the second time emerged winner of the ‘Outstanding Business Sustainability...
View ArticleLump Sum payment is determined by template issued by PenCom- Says PenOp
Executive Secretary Pension Fund Operators Association of Nigeria, Ms Susan Oranye (5th left); Chief Marketing Officer, Premium Pension Limited Kabir Tijjiani; President, National Association of...
View ArticleCadbury Nigeria Q2 2017 Results Review – Neutral
Input cost pressures weighed on earnings Cadbury Nigeria’s (Cadbury) 20.6% y/y sales growth in Q2 2017 was 9.1% ahead of our forecast. Both domestic and export sales were impressive, with 21.6% and...
View ArticleThe FGN’s Pursuit of Investment
The FGN has this week named 27 industries as eligible for pioneer status incentives. Their principal benefit is exemption from companies’ income tax for three years, with a possible extension for one...
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