archiveJune 27, 2016

The shareholders of Lafarge Africa Plc have approved a dividend of N3 per share and a bonus of one for every ten shares for the year ended December 31, 2015. The leading cement and building solutions provider, achieved growth in its operations as recorded in its full 2015 results, surmounting...

The equities market resumed the week negative as market indicators of the Exchange fell by 2.64 percent as a result of profit taking as well as cautious trading amidst cautious trading across global markets on the account of the Britain vote to exit the European Union. The Market Capitalisation closed...

Minister of Finance, Mrs Kemi Adeosun, told viewers of Channels television that if Nigeria is to achieve sustainable growth, it needs a planned approach to financial discipline, targeted investment and economic diversification. Speaking on the Sunrise programme, Adeosun said: “The government’s Economic Plan is strong on fiscal discipline, because people...

Fidson Healthcare Plc has announced the commencement of operations at its ultra modern plant, possibly the largest pharmaceutical manufacturing facility in Africa. The company noted that the new ultra modern plant was in line with World Health Organization (WHO) complaints. The new ultra modern facility is equipped to produce six...

Nigeria is seeking $40 billion to $50 billion in investment in oil projects just as it said it raised crude output to as much as 1.9 million barrels a day as of two days ago. According to Bloomberg reports, Minister of State for Petroleum Resources, Emmanuel Ibe Kachikwu said in...

The New York Stock Exchange has opened and the Dow Jones Index promptly dropped by 148 points, or 0.85 percent. Overall, global investors are still clearly worried about Brexit. Analysts say trading this week throughout the world could be volatile. I'll have a short summary of the full day's trading...

The Governor of Abia State, Dr Okezie Ikpeazu has called on Abians not to panic, but "remain calm" over the judgment of Justice Okon Abang of the Federal High Court Abuja delivered in favour of Mr. Uche Oga against him, in the case of alleged falsification of tax receipts. Governor...

The Central Bank of Nigeria (CBN) has explained that in addition to the requisite Certificate of Capital Importation (CCI), all participating foreign portfolio investors (FPIs) in the over-the-counter (OTC) which takes off today under the new forex policy of the CBN must also present an OTC FX Futures Settlement Advise....

A Federal High Court sitting in the Federal Capital Territory (FCT) Abuja has ordered the Governor of Abia State, Okezie Ikpeazu, to vacate office immediately. The  order which given today  follows allegation that he submitted false information to his party, the People’s Democratic Party (PDP) for the party’s governorship primary...