Naira vs Dollar: Naira Trades At N378/$1 on Parallel Market
In a bid to contnued efforts to enhance efficency, facilitate liquidity and transparency in the foreign exchange market by the Central Bank of Nigeria (CBN) the naira yesterday traded flat on the...
View ArticleFBN Holdings Says Head, Investor Relations Exits Group
FBN Holdings logo Kindly be informed that our Head, Investor Relations, Mrs. Oluyemi Lanre-Phillips has chosen to pursue other interests outside the Group. effective Wednesday 27th July,...
View ArticleProfit Warning: Caverton Offshore Says Q2’16 Profit to be Lower Due to Naira...
Caverton logo Caverton Offshore Support Group Plc the leading provider of marine, aviation and logistics services to local and international oil and gas companies in Nigeria expects to report...
View ArticleMobil Oil Nigeria Plc Records 80% Sales Growth YoY in Q2’16
Mobil logo Event: Mobil Oil Nigeria (Mobil) reports Q2 2016 results Implications: Upward revision to consensus 2016 estimates expected Positives: Q2 sales of N27.6bn up 80% y/y; PBT up 87%...
View ArticleMPR: Banks raise interest rates on existing loans
Bank customers with existing loan obligations must brace for higher levels of indebtedness as the Deposit Money Banks have begun an upward review of the interest rates on all outstanding loans. The...
View ArticleInternational Energy Insurance Suspends Disposal of Assets on NAICOM’s Directive
IEI logo Sequel to an earlier proposal to the Nigerian stock Exchange over the intent to dispose of International Energy Insurance PLC’S Investment in IEI Anchor Pensions Limited, a decision...
View ArticleTranscorp H1 2016 Earnings will be affected by Unrealistic FOREX Loss
Transcorp logo Following the impact of unrealistic foreign exchange and naira devalution on its power subsidiary,Transcorp power Limited, Nigeria’s Transcorp Plc on Friday said its...
View ArticleApproch INEC Offices For Your PVCs, Ambode Charges Lagosians
Gov. Akinwunmi Ambode *Urges APC Members to Remain Loyal To Party’s Ideals Lagos State Governor, Mr. Akinwunmi Ambode on Friday urged residents to approach the offices of the Independent...
View ArticleLagos Reaffirms Zero Tolerance For Criminal Activities
Lagos logo …Urges Residents To Volunteer Vital Information To Security Agencies The Lagos State Government on Friday reassured residents of its ability to combat all forms of crime within the...
View ArticleAccess Bank CEO, Herbert Wigwe Speaks in Support of Agriculture
Herbert Wigwe, GMD/CEO Access Bank Plc GMD/CEO of Access Bank Plc, Herbert Wigwe has restated the Bank’s capacity and desire to support the Federal Government’s efforts in diversification of the...
View ArticleDangote Cement Earns N292Bn Revenue in Q2’16
Aliko Dangote Africa’s leading cement producer, Dangote Cement Plc has reported a revenue of N292 billion in the second quarter ended June 30th 2016 indicating an increase of 20 percent...
View ArticleSkye Bank Report N40.73b Loss in 2015 FYE
Skye Bank Branch Office Building Skye Bank Plc at the weekend announced a loss after tax of N40.73 billion in its audited year ended December 31, 2015 as against N18.72 billion profit recorded...
View ArticleFirst Naira-Settled OTC FX Futures Contract Matured and Settled July 27 on FMDQ
FMDQ logo ₦962.23mm Settlement Amount paid to the ‘Futures Banks’ on the $/₦279 NGUS JUL 27 2016 contract The month of July is poised to report an encouraging increase in overall FX market...
View ArticleNigeria’s Skye says received 100 billion naira from CBN
Skye Bank Branch Building Nigeria’s Skye Bank has received more than 100 billion naira in liquidity from the central bank since July 4 to shore up its operations, its new managing director...
View ArticleTUC Condemns Shooting And Killing Of Workers In Nasarawa State
TUC logo The Trade Union Congress of Nigeria (TUC) has condemned the shooting of workers by the police stationed at the gate of Nasarawa State Government House during a joint visit of the...
View ArticleEulogies for Outgoing GMD/CEO at Book Launch in his Honour in Lagos
Phillips Oduoza It was rain of accolades for the outgoing Group Managing Director/CEO of United Bank for Africa (UBA) Plc, Mr. Phillips Oduoza in Lagos on Wednesday as captains of industry...
View ArticleDelivering Infrastructure: Fashola Canvasses UK-Nigeria Partnership
Babatunde Fashola Speaking to United Kingdom delegates. With both countries currently facing peculiar challenges, Nigeria’s Power, Works and Housing Minister, Mr. Babatunde Fashola SAN, has...
View ArticleWorldRemit Calls for Urgent Restoration of Money Transfers to Nigeria
Ismali Ahmed WorldRemit Founder Hundreds of global remittance companies forced to cease transfers while Western Union, MoneyGram and Ria continue WorldRemit (www.WorldRemit.com), a leading...
View ArticleFidelity Bank Grows Deposit to N829.9bn in H1 2016
GMD/CEO Fidelity Bank Plc, Nnamdi Okonkwo Fidelity Bank Plc one of Nigeria’s highly diversified financial institutions has announced its unaudited results for the half year ended June 30, 2016,...
View ArticleTigo Tanzania Show-Cases Transformative Financial Inclusion, Innovative...
Tigo Tanzania General Manager, Diego Gutierrez (left), stresses a point during the Global System Mobile Association (GSMA) Mobile 360-Africa Conference held on 26th-28th July 2016 at the Julius Nyerere...
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