archiveApril 2016

Insurance companies in the country were able to pay about N11 billion to settle all outstanding claims in their books, owed consumers for over three years. The National Insurance Commission (NAICOM) had, in 2015, mandated insurers to settle all outstanding claims from their books or risk sanctions. The commissioner had,...

The All Share Index (NSE ASI) and the Market Capitalization of The Nigerian Stock Exchange (NSE) increased by 0.60 per cent, at the end of business transactions today, while the Year-to-Date return stood at -12.87 per cent. The All Share Index closed at 24,957.08 against the previous close of 24,809.29...

Despite the harsh economic environment that impacted business operations in 2015, Diamond Bank Plc maintained turgid resilience against the tide focusing on the implementation of strategic set goals with strong growth in customer base and equity. Analysts and industry watchers had, due to unfavourable macro environment and challenging regulation of...

Nigeria’s largest stockbroking firm and member of Stanbic IBTC Holdings PLC, Stanbic IBTC Stockbrokers Limited, has launched an online stockbroking service on The Nigerian Stock Exchange (NSE) with real-time processing capacity. The Stanbic IBTC E-Trade provides investors with real-time market information as well as enabling them give real-time mandates to...

Lafarge Africa Plc has announced the appointment of Michel Puchercos as new Group Managing Director/Chief Executive Officer. A French national, has worked in South Korea, Kenya and Uganda, Tanzania, and France, and speaks various languages including French, English, Korean, Spanish and Swahili. Michel started his career in 1982 at the...

The management of Fidelity Bank Plc said $115 million or N23.3 billion transactions conducted for former Minister Of Petroleum Resources, (Mrs) Diezani Alison-Madueke were duly reported as required by the regulators. The Bank in a statement also said it was cooperating fully with the Economic and Financial Crimes Commission (EFCC)...

The Nigerian Stock Exchange All Share Index (NSE ASI) and the Market Capitalization increased by 0.60%, while the Year-to-Date return stood at -12.87%. The All Share Index closed at 24,957.08 against the previous close of 24,809.29 while Market Capitalization closed at ₦8.585 trillion against Wednesday close of ₦8.534 trillion. Volume...

Shareholders of Access Bank Plc, on Wednesday commended the board and management of the bank for its strong financial performance in 2015 despite the difficult operating environment. The Bank’s shareholders also approved the board’s recommendation to pay a final dividend of 30 kobo per share. This is in addition to...

The Nigerian Stock Exchange All Share Index (NSE ASI) and the Market Capitalization decreased by 0.06%, while the Year-to-Date return stood at -13.38%. The All Share Index closed at 24,809.29 against the previous close of 24,823.86 while Market Capitalization closed at ₦8.534 trillion against previous close of ₦8.539 trillion. Volume...

Nigeria’s energy companies that bought oil fields from oil majors when oil was selling for more than $100 a barrel, have been hammered by the crash in oil prices. Now their troubles are taking a toll on the banking sector in the country. In the two years before crude oil...