Nigeria can borrow a maximum of $22.08 bln in 2017
The maximum amount that Nigeria can borrow in 2017 from both local and foreign sources is $22.08 billion without it violating its debt threshold, the Debt Management Office said in a report, Nigeria...
View ArticleFirstBank wins Global Finance Digital Bank of Distinction award
Nigeria’s most valuable bank brand, First Bank of Nigeria Limited has won the Global Finance Digital Bank of Distinction award, 2016. This new award recognizes outstanding accomplishments in digital...
View ArticleNAICOM Relocates Inspectorate Directorate to Lagos
NAICOM Building The National Insurance Commission (NAICOM) on Wedbesday said it has relocation of its Inspectorate Directorate from the head office in Abuja to the Lagos Control office for...
View ArticleFBN Holdings appoints Oyewale Ariyibi new CFO
FBN Holdings FBN Holdings Plc has announced the appointment of Mr. Oyewale Ariyibi as the new Chief Finance Officer (CFO) of the holding company. Company Secretary of FBN Holding, Tijani...
View ArticleNominees Unveiled For 2nd Nigeria CFO Awards 2016, Awards to promote...
Nominees list for the 2nd Nigeria CFO Award has been released. The final list was released by the 2016 edition Panel of Judges after a conscientious exercise of picking the bests out of the best. The...
View ArticleWe’ll return Nigeria to good old days of accountability—Buhari
Nigeria’s President Muhammadu Buhari on Wednesday restated the determination of his administration to restore the country to the “good old days of accountability”. Speaking at a meeting Tuesday with...
View ArticleUnion Bank Report 34.29 % in NPL Nine Months 2016
Nigeria lender Union Bank of Nigeria Plc on Wednesday said that its the Non-Performing Ratio (NPL) grew 34.29 per cent for the nine months ended 30 September, 2016. This is contained in a...
View ArticleConoil Sustains Profitability With 54% Increase
Conoil Plc Conoil Plc sustained its impressive performance so far this year with yet an encouraging 54 per cent increase in its Profit Before Tax for the nine-month period ended September 30. The...
View ArticleAmbode promises review of retired Perm Secs pension
Lagos State Governor, Akinwunmi Ambode on Wednesday said his administration would initiate a process of an upward review of pension of retired Permanent Secretaries in the State, just as he expressed...
View ArticleNigeria has commitments for $500 mln of its planned Eurobond
kemi Adeosun, Nigeria’s Finance Minister O Nigeria has $500 million of commitments from its planned $1 billion Eurobond it intends to issue before the end of the year and any decision to increase the...
View ArticleBuilding New Pillars, Creating New Values for Sustainable Development”
L-R: Shows Oscar Onyema, CEO NSE; Rt. Hon. Zakawanu Garuba, Executive Commissioner, SEC ; Senator Ganiyu Olanrewaju Solomon, former Chairman, Senate Committee on Capital Markets and Mr. Oluwaseyi Abe,...
View ArticleUnilever Nig Plc: A Cosmetic PAT in Q3-2016
UNILEVER released results for nine months and third quarter ended September 2016. The key features of the third quarter result are (1) 25.9% y/y and 13.5% q/q revenue growth; (2) elevated cost pressure...
View ArticleNB Reports N7.9bn interim dividend, PAT down 23% in 2016
Nigerian Breweries Plc on Thursday announced an interim dividend of N7.929 billion for the nine month period ended 30th September 2016 for its shareholders. This is contained in a notice to NSE that...
View ArticleBuying local made goods ‘ll grow insurance – NCRIB
The President, Nigerian Council of Registered Insurance Brokers (NCRIB) Kayode Okunoren, has urged government at all levels to promote insurance by giving greater impetus to the patronage of made in...
View ArticleFirstBank Introduces New Lifestyle Offering for Women
First bank logo *Launches FirstGem There has been an increase in the number of women involved in driving socio-economic change through diverse areas of human endeavours in the 21st century. Many more...
View ArticleAccess Bank Grows Q3 Profit to N72bn
Access Bank Plc has announced an impressive profit of N72 billion for the nine months ended 30 September 2016 based on enhanced business efficiency as a result of the effective execution of its...
View ArticleInvestors Laud Conoil’s N2billion Dividend Payout in Recession
Conoil Plc Shareholders of Conoil Plc have applauded the company’s strong financial performance despite the difficult operating environment in the country. Speaking at the company’s annual general...
View ArticleIOSCO reports on implementation of G20/FSB recommendations to strengthen...
IOSCO The Board of the International Organisation of Securities Commissions (IOSCO) today published a report on the implementation of the G20/FSB post crisis recommendations aimed at strengthening...
View ArticleDangote Sugar Refinery Plc: Q3-16 PAT Suffers Cost Pressure
DANGSUGAR released results for nine months and third quarter ended September 2016. The key features of the third quarter result are (1) robust y/y and q/q revenue growth; (2) significant y/y and q/q...
View ArticleEarnings Review: Delivering on Strategy, Partnerships
MasterCard logo Earlier today, Mastercard reported our financial results for the third quarter. If you read the press release or listened to the call, you heard that we delivered another a strong...
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