Diamond Bank Q3 2017 Results: Impact of Divestment on Underlying Earnings...
2% cuts to our 2018E EPS forecast and price target Diamond Bank’s Q3 2017 results diverged markedly from our forecasts, mainly because of a negative surprise in pre-provision profits. To a lesser...
View ArticleSeplat Petroleum Development Company Plc – Revision to Forecast
Our deductions from Seplat Petroleum Development Company Plc. (Seplat’s) latest financial report as well as recent discussions with management underpins our view on the stock’s capacity to close the...
View ArticleNAHCO appoints Idris Yakubu Managing Director
The Board of Nigerian Aviation Handling Company Plc (Nanco Aviance) has approved the appointment of Mr Idris Yakubu as the substantive Managing Director/Chief Executive Officer of the company with...
View ArticleElumelu at Presidential Villa, implores investors on Nigeria’s business ranking
Foremost industrialist and entrepreneur, Tony Elumelu, on Monday urged Nigerian and foreign investors to take advantage of the World Bank’s Ease of Doing Business ranking of Nigeria to invest in the...
View ArticlePrestige Assurance reveals N9billion forecast for GPI by 2021
BY NKECHI NAECHE—-Top underwriter Prestige Assurance Plc on Tuesday said its projecting a growth forecasts of N9billion in its gross premium income by 2021. The insurer’s Managing Director/ CEO Dr....
View ArticleAllianz pioneers blockchain prototype for the captive insurance market
Allianz Global Corporate & Specialty SE (AGCS) has successfully trialed blockchain technology for a global ‘captive’ insurance program including cash transfer between countries. AGCS’s...
View ArticleCBN Intervenes in Market With Injection Of $195m In Fx Market Yesterday
The Central Bank of Nigeria has intervened in the inter-bank Foreign Exchange Market with the injection of another $195 million. Figures released by the Bank on Tuesday, November 7, 2017, show that it...
View ArticleFGN Savings Bond-Ninth Monthly Issuance
The offer for the Ninth (9th) series of the FGN savings bond started on the 6th and will end 10th of November 2017. Recall that the Federal Government of Nigeria, through the Debt Management Office...
View ArticleFMDQ OTC: Dufil Prima Foods Lists N10Billion Fixed Rate Bond
For four (4) years, FMDQ OTC Securities Exchange (FMDQ or the OTC Exchange) has progressively championed and effectively supported initiatives aimed at boosting the growth and development of the...
View ArticleFG earmark 9.5% of 2018 budget on roads, power, housing and rail projects
*proposes N8.61 trillion for 2018 budget Federal Government is planning to consolidate on the achievements in 2017 by spending 9.5 percent of proposed 2018 budget on two key ministries. Presenting...
View ArticleEquity Assurance unveils first mobile (USSD) Insurance application
L-R: Mr Karim Dione, Executive Director, Strategy and Performance; Mr Leke Hassan, GM, Business Development and Sales; Mr Abba Kyari Bukar, chairman; Mr Moruf Apampa, Managing Director/CEO; and Mr Sam...
View ArticleCBN eyes additional 300,000 farmers in expanded Anchor Borrowers’ Programme
The Central Bank of Nigeria (CBN) has formed strategic partnerships with agricultural commodity associations in the country in its effort to expand the implementation of the Anchor Borrowers’...
View ArticleCourt orders forfeiture of Ikoyi apartment where EFCC recovered cash
THE Federal High Court sitting in Lagos has ordered forfeiture of Ikoyi apartment where EFCC recovered $38 million, £27,000 and N23 millions. According to the EFCC, about $38 million, N23 million...
View ArticleFG disagree with Moody’s on Nigeria rate downgrading
The Federal Government has objected the latest Moody’s downgrade of Nigeria from a B1 stable to B2, saying it does not reflect the positive trends in the economy at the market. “Since Nigeria was last...
View ArticleBEFORE PERCEPTION BECOMES REALITY BY MR BABATUNDE RAJI FASHOLA, SAN
Before perception becomes reality, I feel compelled to make this Statement in response to allegations bordering on financial impropriety raised on the Floor of the Senate against the Ministry of...
View ArticlePhoto News: Miss Insurance, Ezekiel Precious visits Sterling Assurance
L-R: Sterling Ass: Mr Jide Akingbade ED Operations Sterling Assurance with miss Insurance, Ezekiel Precious. L-R Deola Ajani Sterling Assurance; Nobert CIIN, Uju Ndubuisi Deputy DG CIIN; Ezekiel...
View ArticleNCRIB PRESIDENT TAKES INSURANCE AWARENESS TO NIPSS
PRESS RELEASE —In a bid to enhance the acceptance of insurance in Nigeria, the President of the Nigerian Council of Registered Insurance Brokers (NCRIB), Mr. Shola Tinubu, has addressed the Course 39...
View ArticlePremium pension rounds off compliance and ethics week
Leading Pension Funds Administrator, Premium Pension Limited has between November 6 and 10, 2017 marked Compliance and Ethics Week in line with the Global Compliance and Ethics Week being celebrated...
View ArticleSEC Unveils Proposed New Rule on Green Bonds, Sundry Amendments to...
New Rule Proposed Rule On Green Bonds Name/Citation of the Rule: Green Bonds Definition of Terms “Green Bond” A Green Bond is any type of debt instrument, the proceeds of which would be...
View ArticleCape Verde Aims for Global Trade Hub Status, Participants in Structured Trade...
Sal Island, Cape Verde, 07 November 2017: – Prime Minister Jose Correia e Silva of Cape Verde in Sal, Cape Verde, opened the Advanced Structured Trade Finance Seminar and Workshops organized by the...
View Article