Shareholders own Skye Bank, say new Chairman
Mr. M.K. Ahmad, Skye Bank Plc The Chairman of Skye Bank Plc, Mr. M.K. Ahmad, on Friday clarified that the reconstitution of the board of the bank by the Central Bank of Nigeria (CBN) was not a...
View ArticlePhoto News: Hon. Yakubu Dogara, Speaker, Federal House of Representative...
L – R: Oscar N. Onyema, OON, Chief Executive Officer, The Nigerian Stock Exchange (NSE); Rt. Hon. Yakubu Dogara, Speaker, Federal House of Representative; Aigboje Aig-Imoukhuede, CON, President, NSE...
View ArticleAfDB President Akinwumi Adesina reiterates women’s crucial role in...
From left to right Bineta Diop, Founder and Chair of the Femme Africa Solidarite; Emmanuel Nnadozie, African Capacity Building Foundation Executive Secretary; Ellen Johnson Sirleaf, President of...
View ArticleOctagon Pension Services is helping Kenyans to prepare for retirement
Although Kenya’s pensions sector has enjoyed strong growth in recent years, the majority of workers are still not planning for retirement. Octagon Pension Services is working to address this. The...
View ArticleSanlam Acquires 49% stakes in Firstglobal AM
The stake includes seven wealth management/financial advisory businesses which are independently owned by senior professional advisors based in Johannesburg, Cape Town, Pretoria, Durban and Richards...
View ArticleCity Completes Eko Boulevard, Nigeria’s First 8 Lane City Road
Ronald Chagoury, Co-founder, and CEO of the Chagoury Group The city, which is divided into 8 districts, is planned for mixed-use with commercial, residential, entertainment and leisure activities...
View ArticleNSE Says to Provide Dangote Cement Issuers Share Price Information Service
Aliko Dangote The Nigerian Stock Exchange on Wednesday announced that it has entered into a contract to provide Dangote Cement Plc its Issuers Share Price Information service. The Issuers...
View ArticleCSCS Achieves 98.4% Dematerialisation Success Rate
CSCS logo The Central Securities Clearing System (CSCS) Plc has disclosed that 98.4% of shares quoted on the Nigerian Stock Exchange are now available in an electronic format in CSCS depository leaving...
View ArticleNigerian Breweries Downgraded from Neutral to Underperform on weak Q2’16 Results
NB logo 15% cut to our EPS forecasts; moving rating to Underperform We downgrade our recommendation on Nigerian Breweries (NB) to Underperform from Neutral following its Q2 2016 results...
View ArticleUnilever Nigeria Plc: FX Woes Adding to Structural Challenges
Unilever logo Resumption of weak earnings in Q2 2016 Following Unilever Nigeria’s (Unilever) weaker-than-expected Q2 2016 numbers, we have cut our earnings estimates over the 2016-17E period by...
View ArticleDogara sacks chairman of appropriation committee
Yakubu Dogara, Speaker Yakubu Dogara, speaker of the federal house of representatives, has announced the replacement of the chairman, house committee on appropriation. Until the...
View ArticleFirstBank leads Discourse on Sustainable Business Finance at FNCCI Networking...
First Bank logo Consistent with its thought leadership position and commitment to promote sustainable business development, the Executive Director, Corporate Banking, Dr. Remi Oni will...
View ArticleCBN Affirms Confidence in Skye Bank, Institutes Guarantee Line
Skye Bank building The Central Bank of Nigeria (CBN), has affirmed its confidence in Skye Bank Plc., through a guarantee line which ensures that withdrawals it suffered in the wake of...
View ArticleNigeria central bank grants loan to Skye Bank after capital problems
Skye bank Nigeria’s central bank has provided a short-term loan to Skye Bank to help to stabilise its operations after it replaced top executives for failing to meet minimum capital...
View ArticleMore Funding Needed to Achieve Water and Sanitation Sustainable Development Goal
General Assembly of the African Ministers’ Council on Water, 21st July 2016 – From left to right: Mohamed El Azizi, Water and Sanitation Director, AfDB; Suleiman Adamu, Minister for Water Resources,...
View ArticleNigeria raises 204.9 bln naira in treasury bills at higher yields
Map of Nigeria Nigeria raised a total of 204.9 billion naira in treasury bills on Thursday with maturities ranging from three months to one year at higher yields, fixed income dealers said....
View ArticleNigeria’s central bank intervenes to stem naira slide – traders
Godwin Emeifele CBN Gov. Nigeria’s central bank sold dollars on the interbank currency market on Friday, seeking bids of $5 million each from primary market trader after the naira-dollar rate...
View ArticleNigeria Deposit Insurance Corp says concerned about non-performing insider loans
The Nigeria Deposit Insurance Corporation (NDIC), an independent government agency, is concerned about an “increasing wave” of non-performing insider loans on the country’s banks, it said on Friday....
View ArticleEarnings from Non-oil Export Decline by 27% in April
Graph of Non oil export earnings by sector in April 2016. The latest monthly Economic Report from the CBN puts non-oil exports provisionally at US$364m in April, indicating a decrease of 27% from...
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