archiveMay 2016

The Minister of State for Petroleum Resources, Emmanuel Ibe Kachikwu, has said that the country’s oil production has fallen by almost 40 percent to 1.4 million barrels a day due to militant attacks on facilities in the Delta region. He said this today against the back drop of resurgence of...

Zenith Bank Plc and French Development Agency (Agence Francaise de Development (AFD), operator of France’s bilateral development finance mechanism, have signed a $100 million power sector credit facility. The on-lending term loan being made available to Zenith Bank is to support new investments in the capital expenditure of Distribution Companies...

The Venture Capital Advocacy Summit, the first of its kind in Nigeria that will bring together all the critical elements that could facilitate the entrenchment of the Venture Capital Culture in the country will hold between 28th and 30th June, 2016 at the Eko Hotel, Victoria Island, Lagos. The Summit...

Hundreds of individuals, corporates and celebrities hit the street of Lagos on Saturday, May 14, 2016, to run against cancer in the 3rd edition of the NSE Corporate Challenge tagged “e-Race Cancer”, organized by The Nigerian Stock Exchange (NSE), in conjunction with the Committee Encouraging Corporate Philanthropy (CECP). The race...

BY ABDUL OLALEKAN The financial crisis in the country takes its toll of AIICO Insurance Plc as it suffered a profit after tax decline of 46% to N1.2 billion on its 2015 full year audited financials from N2.2 billion recorded for the same period in 2014. The results also revealed...

By ABDUL OLALEKAN FBNInsurance Limited has declared 19 kobo dividend per share to its shareholders as a reward for their loyalty in its 2015 financial year end. The firm, which announced this at its 5th Annual General Meeting, AGM, in Lagos, noted that the dividend payout was an improvement to...

By ABDUL OLALEKAN The Lagos State Government has paid N48 billion as accrued pension to 10,300 pensioners of the State civil service. The beneficiaries are people who have retired from Lagos State public service. Speaking at the 10th Retirement Benefit Documentation seminar for employees who are due to retire from...

The Nigerian chapter of the International Coach Federation (ICF) will join all other chapters worldwide to celebrate the International Coaching Week from May 16th – 20th, 2016. The International Coaching Week (ICW) is an annual weeklong global celebration of the coaching profession intended to increase the visibility, understanding and impact...

Diamond Bank Plc has violated the Central Bank of Nigeria (CBN) directive on Non-Performing Loan (NPL) ratio of five per cent, as its NPL stood at 6.9 per cent at the end of 2015 financial year. The bank in 2014 had reported NPL of 5.2 per cent, an indication that...

Following the Federal Government downstream sector deregulation, share price of companies listed in the Oil & Gas sector on The Nigerian Stock Exchange (NSE) received boost on investors surge demand. Investors taking position in the Oil & Gas share impacted positively on NSE Oil & Gas index as it gained...