archiveApril 2016

The Council of the Chartered Institute of Stockbrokers (CIS) has elected Mr Oluwaseyi Abe as the President and Chairman of the Governing Council of the Institute. Also, the duo, Mr Adedapo Adekoje and Mr Olatunde Amolegbe have been elected as the First Vice President and Second Vice President respectively. The...

Consumers who place a premium on health consciousness can now easily satisfy their need for healthy drinks with the recent introduction of Chivita Active Vegetable & Fruit Nectar into the market. This is an innovative product said to be the first of its kind in the Nigerian juice market. It...

The Nigerian Stock Exchange All Share Index (NSE ASI) and the Market Capitalization increased by 0.24 per cent, translating to N20 billion value addition, while the Year-to-Date return stood at -13.33 per cent. The All Share Index closed at 24,823.86 against the previous close of 24,765.10 while Market Capitalization closed...

FBN Holdings Plc announced its audited results for the full year ended December 31, 2015 with profit after tax dropping by 82 per cent from N84.0 billion in 2014 to N15.1 billion in 20 15. Despite the decline in profit, FBN Holdings proposed a dividend of N0.15 per share (150per...

Consumers who place a premium on health consciousness can now easily satisfy their need for healthy drinks with the recent introduction of Chivita Active Vegetable & Fruit Nectar into the market. This is an innovative product said to be the first of its kind in the Nigerian juice market. It...

The Securities and Exchange Commission (SEC) has urged law enforcement agencies to collaborate with the Commission in its quest to ensure zero tolerance on infractions in Nigeria Capital Market and also ensure that perpetrators of fraudulent acts are brought to book appropriately. Director General of SEC, Mounir Gwarzo stated this...

Access Bank Plc has announced its unaudited results for the period ended March 31, 2016, showing Profit After Tax (PAT) up 42 per cent to ₦19.4billion in Q1 2016 from ₦13.7billion in Q1 2015. Profit Before Tax (PBT) for the period rose to ₦22.6 billion, representing a 37per cent growth...

 Nigerian shareholders largely shunned a N43 billion share-acquisition bid by Unilever Overseas Holdings, United Kingdom aimed at acquiring a quarter of Unilever Nigeria’s shares to increase the multinational’s majority equity stake in the Nigerian subsidiary to 75 per cent. The latest audit of Unilever Nigeria, scheduled to be presented to...

As a fall out of the states debt repayment deferral for the month of March that was announced last Thursday, the Federal Ministry of Finance has clarified that the debt repayments due to the states’ creditors will be fully paid notwithstanding the deferral. According the Federal Ministry of Finance, the...

Nine Deposit Money Banks (DMBs) in 2015 paid the sum of N71.6bn to the Asset Management Corporation of Nigeria (AMCON) as sinking fund, data gathered by Business247 has shown. Effective January 1, 2011, DMBs in Nigeria were required to contribute 0.3per cent of total assets as at the preceding year...