Flour Mills of Nigeria Plc: UNICEM Sale Masks Earnings Challenge
Flour Mills logo FY’16 revenue ahead of Vetiva estimate N23.7 billion exceptional income boosts EPS 70% y/y Board proposes dividend of N1.00 per share (FY’2015: N2.10) Downward revision to FY’17...
View ArticleNigeria: Technically in Recession?
Map of Nigeria Nigeria is technically in recession…a direct reflection of the lull in economic activities. We are of the view that several factors have contributed to the contraction in...
View ArticleZimbabwe: Minimum Capital Limits for Insurers to Ris
Zimbabwe flag Insurance companies will soon be required to top up their minimum capital thresholds by between 66 and 150 percent as the Insurance and Pension Commission (IPEC) moves to enforce...
View ArticleSwiss Re acquires 25 percent stake in Leadway Insurance
Leadway Assurance logo Leadway Assurance Company Limited has announced that Swiss Re has purchased a 25 per cent stake in the company. Leadway Managing Director Mr Oye Hassan-Odukale made this...
View ArticleAdeosun calls for economic patriotism from Nigerians in the Diaspora
Kemi Adeosun The Federal Government has called on Nigerians in the Diaspora to see the current economic realities in the country as good opportunities for them to participate actively in the...
View ArticleMs. Zara Mustapha (Chef Zeelisciousss) unveiled as Chef/Brand Ambassador for...
L-R: Chef Stone of Red Dish Chronicles Culinary School, Abuja; Mrs. Fatima Mustapha (Mother of Chef Zeeliciousss); Head Marketing, NASCON Allied Industries Limited, Olufemi Ashipa; Ms. Zara Mustapha...
View ArticleFBN Holding Plc Net Interest Income Down by 15% YoY in Q2’16
Q2 2016 results highlight: Net interest income down: -2.7% q/q; -15.0% y/y Other operating income up: +231.7% q/q; +125.5% y/y Mixed PBT: +8.1% q/q; -5.2% y/y FBNH’s recently released results Q2 2016...
View ArticleCompany Slams N8b Copyright Infringement Suit On Ecobank
Ecobank logo Federal High Court sitting in Lagos has adjourned hearing in an N8 billion copyright infringement suit filed against Ecobank Nigeria Limited till 21 September. The suit was filed by...
View ArticleFBNH H1 2016 Pretax Profit Down 11.9%
FBN holdings logo FBNH’s recently released results Q2 2016 were reflective of the depreciation of the local currency at the interbank market. This contributed to the significant spike in net gains on...
View ArticleCSR: Ecobank handover Ultra-Modern Lecture Theatre to Odumegwu Ojukwu University
Left: Registrar, Chukwuemeka Odumegwu Ojukwu University (COOU), Okwuchukwu Okechukwu; Team Lead, Medium and Local Corporates, South East, Ecobank Nigeria, Jovita Okeahialam; Vice Chancellor, COOU,...
View ArticleKillings in Rivers State: Group call for state of emergency
A group known as Vanguard for Justice, Equity and Strategy has commended the INEC for carrying forward the date of the planned Rivers re-run election as a result of incessant killings of people in the...
View ArticleSEC Holds Meeting on Complaints of Alhaji Abass Bolatitio O. And 35 Ors....
SEC logo The Securities and Exchange Commission (SEC) on Wednesday said is investigating complaints relating to the unauthorized sale of shares belonging to Alhaji Abass Bolatitio O. and 35...
View ArticleFinancial Counsellor José Viñals to Leave the Fund
IMF logo José Viñals, the Financial Counsellor and Director of the Monetary and Capital Markets Department at the International Monetary Fund (IMF), has notified IMF Managing Director...
View ArticleNigeria Has Shown Political Will To Move Tourism Forward – UN Agency
The Secretary-General of the UN World Tourism Agency (UNWTO), Mr. Taleb Rifai, has hailed the demonstration of political will by the Nigerian government to move tourism forward in the country. ”There...
View Article2016 Goldberg Fuji t’o Bam final holds Friday
Goldberg The ancient city of Ibadan, Oyo State capital will on Friday (July 29, 2016) play host to the final of the 2016 Goldberg Fuji t’o Bam after a rigorous two months of drills, excitement...
View ArticleSouth Africans are facing tough economic times and are choosing to forgo...
The insurance sector showed overall positive financial results for 2015, but it is uncertain which this trend will continue in 2016, according to the KPMG South African Insurance Industry Survey....
View ArticleLAGS Refutes Media Reports On Health Challenge Among Teachers
Lagos logo The Lagos State Government has refuted the claim being circulated in some print and online media that 10 teachers in the Post Primary Teaching Service Commission die monthly. A...
View ArticleNSE Promotes Cyber-Security Awareness Among Capital Market Stakeholders
NSE logo Consistent with its commitment to providing an efficient and sustainable capital market, the Nigerian Stock Exchange on July 12, 2016 organized the 3rd edition of the Nigerian...
View ArticleNigeria Has Shown Political Will To Move Tourism Forward – UN Agency
The Secretary-General of the UN World Tourism Agency (UNWTO), Mr. Taleb Rifai, has hailed the demonstration of political will by the Nigerian government to move tourism forward in the country. ”There...
View ArticleOrange Drives Digital Transformation in Middle East, Africa with New...
Orange logo The Middle East and Africa remains a key growth contributor for Orange Speaking at its 4th annual strategy and activity update for press and analysts in London on 28 July, Ramon...
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