Dangote: Only African in Bloomberg 50 list of year’s most influential people
Aliko Dangote was honored last night at the Bloomberg 50 annual gala dinner at New York’s iconic Gotham Hall. Bloomberg’s list of 50 most influential names (http://APO.af/hCnHFd) who have had an...
View ArticleDangote Begins Sale of Cement on Jumia
In a new move designed to reduce price and ease logistics inherent in the purchase of its products, the management of Dangote Cement Plc (http://APO.af/mCqnZz) has signed a pact with the foremost...
View ArticleA.M. Best Affirms Credit Ratings of Custodian and Allied Insurance
A.M. Best has affirmed the Financial Strength Rating (FSR) of B (Fair) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bb” of Custodian and Allied Insurance Limited (CAI) (Nigeria). The...
View ArticleSeverance pay of controversy
BY OUR REPORTERS—-These are not the best of times for the suspended Director General of Securities and Exchange Commission (SEC), Mounir Gwarzo given the variety of fraudulent activities since his...
View ArticlePhoto News: Africa Re cocktail in Lagos
L-R : Mrs Fumilayo Omokhodion ,Acting Regional Director /Anglophone West Africa of Africa Re; Mr. Hassan Boubrik, Chairman of Africa Re; HE. Lulu Mnguni, High Commissioner of South Africa to Nigeria;...
View ArticleNSE Website Ranked the Best among African Exchanges
The Nigerian Stock Exchange (NSE or the Exchange), the sustainable exchange championing Africa’s growth, is now the highest ranked stock exchange website in Africa. The latest Alexa rankings...
View ArticleAU Trade Commissioner Says Africa Doing Right to Create FTA
Albert Muchanga, African Union Commissioner for Trade and Industry. Africa is doing the right thing in creating the Continental Free Trade Area (CFTA) despite the current retreat from...
View ArticleReserves Heading Towards US$40bn
Gross official reserves increased by US$1.12bn in November to US$34.95bn. Accumulation has averaged US$850m over the past 12 months. We might have been sceptical at the time yet can say with hindsight...
View ArticleBUA using militia, soldiers to mine site allocated to Dangote – Ministry
The management of BUA Group has been using armed militia, soldiers and policemen to mine marble and limestone in mining sites allocated to the Dangote Group, the Ministry of Mines and Steel...
View ArticleGuinea Insurance profit appreciates by 194.64% in 2016
L-R: AG. MD, ISIOMA OMOSHIE-OKOKUKU, CHAIRMAN, GODSON UGOCHUKWU AND COMPANY SECRETARY, OLURANTI OKE . BY NKECHI NAECHE—Guinea Insurance Plc has said that its Profit Before Tax margin grew by...
View ArticleExperts to Speak at CAMCAN Forum on Deepening the Nation’s Capital market
Financial experts and other stakeholders in the nation’s capital market will gather on Saturday, December 9, at Orchid Hotels, Ajah, Lagos to discuss how to make the market contribute more to the...
View ArticleA.M. Best Affirms Africa Re’s Financial Rating A (Excellent) with Stable Outlook
The African Reinsurance Corporation (Africa Re)’s financial rating of A (Excellent) with Stable Outlook has been re-affirmed by A.M. Best. The rating agency has removed from ‘Under Review With...
View ArticleWorld Bank to support power sector recovery agenda in Nigeria with $1b
The World Bank is to support Nigeria’s Power Sector Recovery Programme (PSRP) with not less than $1billion. In a statement on Wednesday, the Bank explained that its delegation had informed the...
View ArticleMinistry tackles BUA Group over alleged illegal mining activities
The Ministry of Mines and Steel Development has described a publication signed by the Executive Chairman of the BUA Group, Abdulsamad Rabiu as misleading. According to the Ministry, the publication...
View ArticleAliko Dangote on the Nasdaq Tower in Times Square, New York
Aliko Dangote is the only African on the Bloomberg 50 list of this year’s most influential people. A photo of Aliko Dangote was displayed on Wednesday on the Nasdaq Tower in Times Square, New...
View ArticleNigerian legislative Committees Pledge Push for Enactment of Factoring Law
Members of the Banking Committee of the Nigerian Senate and the Banking and Currency Committee of the House of Representatives have pledged to accelerate the enactment of the factoring bill currently...
View ArticleAIICO Insurance to host December edition of members evening
AIICO Insurance Plc will be playing host to over 500 brokers under the aegis of the Nigerian Council of Registered Insurance Brokers in a bid to extend the frontiers of its operation and break...
View ArticleQ3 2017 Report: Zenith Bank Records Average Performance
Zenith Bank Records Average Performance In our assessment, relative to the banking industry, Zenith Bank Plc recorded average performance for 9mths to September 2017. Taking into consideration...
View ArticleCBN to Draft Framework on Credit to SMEs
The Central Bank of Nigeria (CBN) has disclosed plans to draft a framework on credit to Small and Medium Enterprises (SMEs) aimed at improving credit to the sector. This was disclosed by the...
View ArticleAfreximbank and EBE Sign Agreement for $500 Million Export Support Scheme
Dr. Benedict Oramah, President of Afreximbank (right), and Mervat Soltan, Chairperson of EBE, exchange documents following the signing ceremony in Sharm el Sheikh, Egypt, today. The African...
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