Photo News: Faces at the formal investiture ceremony of Mr Efekoha as the...
L-R: A past Chairman, Nigerian Insurers Association, Mr Anthony Akintunde; Chairman, Nigerian Insurers Association (NIA), Mr Eddie Efekoha, his wife, Oghenenyoreh, and a past chairman NIA, Mr Wole...
View ArticleCBN increases weekly dollar sales to BDCs to $50,000
CBN logo The Central Bank of Nigeria(CBN) yesterday increased the weekly dollar sales to Bureau De Change (BDCs) segment of the foreign exchange market to 50,000 from the initial 30,000...
View ArticleCBN To Release Special Intervention Fund For Real Sector, Agric Financing To...
CBN logo The Central Bank of Nigeria(CBN) has agree to release special intervention fund for real sector and agric financing to the banks as soon as possible to increase liquidity in the...
View ArticleOil Production In Lagos, Significant Economic Boost For Nigeria-Says Ambode
Gov Akinwunmi Ambode *As RMAFC Committee Okays FourAje Oil Wells For Lagos, To Commence Disbursement of 13% Derivation Fund To State Lagos State Governor, Mr. Akinwunmi Ambode on...
View ArticleFirstBank Denies NPA Funds in Its Accounts
First Bank logo In view of the media story making the rounds on the NPA funds allegedly concealed in the Bank, the Management wishes to clarify that following the Federal Government of...
View ArticleTransnational Corporation of Nigeria – FX Losses Undercut Strong H1’16 Revenue
Transcorp logo Transnational Corporation of Nigeria Plc held a conference call on its H1’16 performance recently. Please see below the group’s H1’16 performance update and key highlights from...
View ArticleNTB Auction Teaser: Lower Than Previous Rates Expected
On Thursday, 18th August 2016, the sum of N62.44 billion will be injected into the banking system through maturing treasury bills. This comprises N32.44 billion of the 91-day and N30 billion of the...
View ArticleCordros Money Market Fund FAQs
Q What is the Cordros Money Market Fund? The Cordros Money Market Fund (“the Fund) is an open-ended mutual fund that seeks to provide safety, liquidity, diversification and competitive return. The...
View ArticleFashola outlines Pathway For Investors
Babatunde Fashola The Minister of Power Works and Housing, Mr. Babatunde Fashola SAN, has outlined the pathways which local and international investors must follow in order to tap into the...
View ArticleLagos To Commence Construction Of Pen Cinema Fly-over
Lagos State logo *Begins Deployment Of 13,000 CCTVs, 6,000 Street Lights In October, To Remove Three Roundabouts On Lekki-Epe Expressway The Lagos State Government on Wednesday announced...
View ArticleEcobank Shines At Asian Banker’s Awards as Akinwuntan wins Best Retail Banker...
Ecobank logo Ecobank has won Customer Relationship Management of the Year, Retail Risk Management Initiative of the Year and Best Business Model Execution in West Africa for 2016 at The Asian Banker’s...
View ArticleGuaranty Trust Bank Plc: HY’16 Non-Interest Income Spurs Massive Outperformance
GTBank logo Guaranty Trust Bank Plc (GUARANTY) just released its HY’16 earnings report. Annualized earnings per share was N5.48 (HY’15: N3.76), significantly higher than both consensus and our...
View ArticleEXCLUSIVE: Ecobank (ETI) absolves Kolapo Lawson of all allegations
Ecobank logo We are able to report on a developing story we have been tracking for a while given its significance to the regulator/corporate governance relationship in the Nigerian public...
View ArticleTotal Nigeria Plc is Positioned for a Stellar 2016; Shares Rated Neutral
Total logo Strong all round performance in Q2 Total Nigeria’s (Total) Q2 2016 performance was better than expected. Sales and earnings both grew, 65% y/y and 211% y/y respectively. Access...
View ArticleT-Mart Membership-Based Supermarket Opens in Lagos
Shoppers and Store owners in Lagos are in for exciting news as T-Mart Wholesale Store, a renowned membership-based wholesale supermarket berths in Lekki area of Lagos on August 20th2016. This is the...
View ArticleWorld Bank Supports Improved Broadband and New ICT Industries for Nicaragua
World Bank logo The World Bank (WB) and the Government of Nicaragua signed today an agreement to implement a project aimed at increasing broadband access and make further progress in the...
View ArticleChibok Girls: Military grant bail to two wanted persons
The Nigerian Military has granted administrative bail to Ahmed U. Bolori and Aisha Wakil, who made themselves available to authority after being declared wanted over suspected knowledge of the way...
View ArticleKwara losses over N400m to illegal recruitment
Kwara State Government has lost over N400m since 2014 due to illegal recruitment of 516 employees by the State Teaching Service Commission. This is part of the findings of an Administrative Panel of...
View ArticleAfDB Group appoints Hélène N’Garnim-Ganga as General Counsel
The African Development Bank is pleased to announce the appointment of Hélène N’Garnim-Ganga as General Counsel of the African Development Bank Group with effect from 19thSeptember 2016. She will join...
View ArticleAfDB Group announces $1 million emergency grant to mitigate severe...
The delegation at the signing ceremony of the USD 1-million emergency grant for Madagascar. Antananarivo, Madagascar 2016 The African Development Bank has approved a USD 1 million emergency...
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