archiveApril 20, 2016

Dangote Cement Plc declared an impressive performance in profitability that leveraged on its dividend payout, the highest dividend payout to shareholders by listed cement manufacturing company. The improved performance was based on significant growth in revenue and assets quality as the cement manufacturing company total assets crossed the N1 trillion...

  The United Bank for Africa Plc has announced its unaudited results for the first quarter of 2016, showing gross earnings of N74 billion and profit before tax of N18 billion. The UBA Group said it sustained its strong profitability, recording an annualised 20 per cent return on average equity....

  With the  Central Bank of Nigeria’s policy on Commission on Turnover (CoT) phased out, Deposit Money Banks (DMBs) in the country have leveraged on income generation using electronic banking. For instance, three DMBs in 2015 financial year generated N37 billion, over 89 per cent or N17 billion (N19.6 billion...

  The presidency has said that plans were underway to ameliorate the sufferings which many Nigerians have been grappling with. This was contained in a statement issued by the Special Adviser to the President on Political matters, Senator Babafemi Ojudu. Ojudunwho recently met with the Political Counsellors of the European...

Minster of Minister of Agriculture and Rural Development, Chief Audu Ogbeh has called on the Bank of Industry (BOI) to increase lending to the agriculture sector as a means of reducing the level of unemployment in the nation. He gave the charge during a meeting in Abuja with the management...

  By Saka Olalekan FMDQ OTC Securities Exchange has formalised its partnership with the National Pension Commission (PenCom)  through the co-signing of a Regulatory Supervision Collaboration Agreement at a brief ceremony at the commission’s office in Abuja, at the weekend. Speaking at the event, the Director-General of PenCom, Mrs. Chinelo...

By Saka Olalekan As the country battles financial deficit as a result of dwindling revenue source from oil, the Pension Fund Administrators (PFAs) across the country said they were ready to assist the Federal Government to finance its infrastructural projects through the N5.3 trillion pension assets, urging FG to develop...

  By Saka Olalekan Businesstoday, an online Nigerian business news website, is set to award outstanding insurance companies, Pension Fund Administrations (PFAs) and operators in the 2015 financial year. A statement from the company and made available to Business247 said the award, which is now in its third edition, seeks...

Equities transactions on the Nigerian Stock Exchange (NSE) appreciated by 0.51 per cent on Wednesday due to gains posted by some blue chip companies. The market capitalisation rose by N43 billion or 0.51 per cent to close at N8.525 trillion from the N8.482 trillion traded on Tuesday. The All-Share Index,...