Abdulsamad Rabiu wins “All Africa Industrialist of the Year” at AABLA 2016...
After winning the 2016 West African Industrialist of the Year at the AABLA West African Regional Awards, Abdulsamad Rabiu, Founder and Executive Chairman of Nigeria’s BUA Group has been named the...
View ArticleFEC approves aggreement to stop Double Taxation, Between Nigeria, Singapore
The federal government on Wedbesday approved bilateral agreement for the avoidance of double taxation and the prevention of physical evasion of taxes on income and capital benefits between Nigeria and...
View ArticleSenate Shuns Amaechi, Passes Martime.University Bill
On Wednesday, the Senate shunned the transport minister, Rotimi Ameachi ensuring the bill for the establishment of the Maritime University scaled second reading. The bill for establishment of...
View ArticleASHAKACEM Explains Planned Delisting from the NSE
This Explanatory Statement has been prepared to provide all the material information to all the Shareholders of AshakaCem Plc. (“AshakaCem” or “the Company”), in respect of the Special Business to be...
View ArticleNestle Nigeria Q3 2016 Results Review – Underlying Results Strong Despite FX...
Outlook for 2017 unchanged; Neutral rating maintained Although Nestle Nigeria (Nestle) reported a loss after tax of –N51m in Q3 2016, the firm’s underlying results were strong. Nestle posted record...
View ArticleChina Exim Bank to spend $1bn on Nigeria’s economic zones
The Minister of Industry, Trade and Investment, Mr. Okechukwu Enelamah, said that the Export-Import Bank of China had promised to commit $1bn for Special Economic Zones in the country. Enelamah, who...
View ArticleGTBank appoints Babatunde Soyoye non-executive director
The board of directors of Guaranty Trust Bank Plc has appointed Mr. Babatunde Soyoye as an Independent Non-Executive Director of the bank. Soyoye is to fill the vacancy created on the board by the...
View ArticleTrump: Nigeria may get less grants, aids from US – MAN
Trump: Nigeria may get less grants, aids from US – MAN The President, Manufacturers Association of Nigeria (MAN), Dr Frank Jacobs, says the United States of America may reduce support in terms of...
View ArticleWe lost N500bn to flexible foreign exchange policy-MAN
The Manufacturers Association of Nigeria (MAN) has said Central Bank of Nigeria’s (CBN) flexible exchange rate policy had culminated in N500 billion loss for manufacturers. Chairman, MAN, Apapa Branch,...
View ArticleCorruption fighting back vigorously, but we will win-Buhari
President Muhammadu Buhari says the anti-corruption war is tough and grueling, with corruption fighting vigorously back, but assured that the battle would be won. Meeting with American Secretary of...
View ArticleNigerian bond sale falls far short, investors demand higher yields
Nigeria sold far fewer bonds than it offered on Wednesday, as investors demanded higher yields from a government struggling to contain its borrowing costs. Africa’s largest economy raised 39 billion...
View ArticleSenate position on $29.9bn loan sacrosanct- Saraki
Senate President, Abubakar Bukola Saraki, Thursday said that the position of the Senate not to approve the $29.960 billion loan request made by President Muhammad Buhari, remained sacrosanct. Saraki...
View ArticleGov’t, AfDB sign $94m Pokuase Interchange deal
The government of Ghana and the African Development Bank (AfDB) have signed an agreement for the Accra Urban Transport Project, which includes the construction of a three-tier interchange at Pokuase on...
View ArticleSERAP condemn N300m mansion retirement benefits for Oshiomhole
Socio-Economic Rights and Accountability Project (SERAP) has condemned the N300 million mansion retirement benefits for Oshiomhole and the N100m house approved for his former deputy, Dr. Pius Odubu....
View ArticleTHE CONSUMER – KING OR SERVANT IN INSURANCE BUSINESS
Paper presented by Chief Yemi Soladoye – AT THE 2ND EDITION OF THE BUSINESS JOURNALS CONFERENCE TITLED “THE CONSUMER – KING OR SERVANT IN INSURANCE BUSINESS.” INTRODUCTION The supremacy of the Consumer...
View ArticleA REVIEW OF THE BOOK “ISSUES IN CHURCH AND SOCIETY IN AFRICA – TACKLING FOR...
L – R Mr. Paddy Ezeala, Head, Corporate Communications, Premium Pension Limited, Reverend Father Evaristus Bassey, National Director, CARITAS, and Church and Society Department, Catholic Bishops...
View ArticleSuicide Attack In Maiduguri: Six Killed, One Arrested
In a failed attempt to attack the Federal High Court in Jidari Polo area of Maiduguri, the Borno State capital, six persons have been killed in suicide bomb attacks on Friday morning. Speaking on the...
View ArticleOkomu Oil Palm– Healthy fundamentals; Neutral rating maintained
Upward revisions to estimates and price target Okomu Oil’s (Okomu) Q3 2016 results came in stronger than we expected. The variance versus our estimates was due to sales and total costs (cogs+opex)...
View ArticleForte Oil raises N9bn 5year Fixed rate Bond
Forte Oil Plc (The Company), a public liability company listed on the Nigerian Stock Exchange and a foremost integrated energy service provider, has successfully closed its N9 Billion Series 1debt...
View ArticleRetailers Brace up for a Bleak Christmas
The price of a 50kg bag of rice crossed N25,000 in Benin city this week. The Cway water dispenser refill which sold for N350, jumped 43% to N500 in Lagos. Retailers across Nigeria are bracing...
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