CBN to approve Cryptocurrency & Blockchain Technology
The Central Bank of Nigeria (CBN) sequel to setting up of an industry committee to look into and articulate a road map for Blockchain & Cryptocurrency regulation has reiterated that it will not...
View ArticleMorison Industries to List N502.2 Million Worth of Share
Dealing Members are hereby notified that Morison Industries Plc (‘’Morison’’) has through its Stockbroker; GTI Securities Limited, submitted an application to The Nigerian Stock Exchange for approval...
View ArticleUBA grows profit by 66% * Declares N0.20 kobo interim dividend
Pan African lender, United Bank for Africa (UBA) Plc has released its audited half year financial results ended June 30, 2017, indicating an impressiving performance across major metrics. The top...
View ArticleCBN plans N193bn Treasury bill sale next week
CENTRAL Bank of Nigeria plans to raise N193.14 billion worth of treasury bills at an auction on Aug. 30. The bank will offer N26.14 billion in three-month paper, 62 billion in six-month bill and 105...
View ArticleEcobank grows customers deposit to N4.23trillion half year 2017* As after tax...
Ecobank reports N38bn after tax profit in H1 2017; as deposits from customers hit N4.23trillion. ECOBANK Transnational Incorporated (ETI) has reported impressive N37.735 billion profit after tax...
View ArticleGTBank trades off-market deals worth N2.9bn
GUARANTY Trust Bank Plc yesterday traded the largest volume on the Nigerian Stock Exchange in deals worth N2.89 billion as foreign funds exchanged shares in off-market deals following strong half-year...
View ArticleCBN to offer liquidity support to boost Islamic banking
THE Central Bank of Nigeria (CBN) said on Thursday it is setting up two financial instruments to provide liquidity support to its non-interest paying lenders. It is a push by Nigeria, home to the...
View ArticleNissan celebrates 70 years of electric vehicles
Exactly 70 years after the debut of its first electric vehicle (EV), Nissan’s most advanced EV ever – the Nissan BladeGlider sports car – took center stage at this year’s Goodwood Festival of Speed...
View ArticlePaint and Coatings Set to Delist Shares from NSE
Paints and Coatings Manufacturers Nigeria Plc (“Paints and Coatings’’ or “the Company”) has through its Stockbroker; Meristem Securities Limited submitted an application for a Scheme of Arrangement...
View ArticleLaw Union & Rock delivers impressive performance in H1 2017, target N1billion...
* As gross premium rose by 17% BY NKECHI NAECHE—-Underwriting giant, Law Union and Rock Plc on Monday announced its audited half (H1) year financial results ended June 30, 2017, showing...
View ArticleIEI-Anchor Pension Managers Wins Africa’s Best Innovative PFA of the year award
Glory Etaduovie, MD/CEO IEI-Anchor Pension Managers Limited has won Africa’s Best Innovative Pension Fund Administrator of the year 2017. The award from Developments in Africa Merit Awards, was...
View ArticleConsolidated Hallmark Insurance Seeks to List 1Billion Ordinary Shares at...
Edfie Efekoha, MD/ CEO Consolidated Hallmark Insurance Plc Top underwriter, Consolidated Hallmark Insurance Plc (‘Consolidated Hallmark’ ’or ‘’the Company’’) on Monday through its Stockbroker;...
View ArticleUnic Diversified Holdings Updates on Restructuring
Unic Diversified Holdings Plc is a new company that was incorporated in September 11, 2015 by the shareholder of the former Unic Insurance Plc. (now Unic Insurance Ltd after being delisted) through...
View ArticleA Drop in the Nigerian Treasury Bills Yield Imminent
The yields on the Nigerian Treasury Bills (NTBs), particularly on the 364-day tenor, are likely to drop with the plan of the Debt Management Office (DMO) to refinance the NTBs through foreign debt. The...
View ArticleLaw Union & Rock unveils strategies to grow top line by 50% in 2017
BY NKECHI NAECHE—Underwriting Firm, Law Union and Rock Insurance Plc, yesterday assured its investing public that its committed to growing its premium income by 50 percent at the end of 2017. Jide...
View ArticleOsinbajo Says FG Working with US Government on Repatriation of Corruption Proc
The Buhari administration has reached out to the US government to step up its assistance in ensuring that corrupt officials don’t get a safe haven abroad for their loot, according to Vice President...
View ArticleStanbic IBTC Announces Delay in Release of H1’17 Result
BY NKECHI NAECHE —Stanbic IBTC Holdings PLC (“Stanbic IBTC”) on Tuesday informed its investing public that there is slight delay in the release of the 2017 Half Year Audited Financial Statements. This...
View ArticleMastercard Supports Houston with $100,000 Red Cross
Today Mastercard announced a donation of $100,000 to American Red Cross Hurricane Harvey relief efforts in Texas and Louisiana. Together with our issuing banks we are waiving any interchange related to...
View ArticleAudi appoints four new board members
There is to be a new composition of the Board of Management of AUDI AG as of September 1. The area of Finance, IT and Integrity will be the responsibility of Alexander Seitz and the area of Marketing...
View ArticleBreaking News: Allianz expands African footprint, acquires 98% stake in...
* Pending regulatory approvals, transaction expected to close end of 2017 Allianz Group on Wednesday said it has acquired 98 percent stake of Nigerian insurer Ensure Insurance Plc from its core...
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