archiveJuly 26, 2016

In furtherance of its continued support for sports and commitment to youth development in Nigeria, Chi Limited recently participated in the finals of the just concluded Lagos state principal’s cup. Renowned to be one of the biggest grassroots football competitions in Nigeria, the tournament comprises inter-secondary school soccer amongst schools...

Shareholders of insurance firms across the country are unhappy that their companies continue to pay monetary fines running into several millions of Naira, on yearly basis, to the regulators for violating account submission deadline or other infractions, even, when it is obvious the affected companies have yet to declare dividend...

First Bank of Nigeria (FBN) Holdings Plc is at the brink of a major credit crisis as its Non Performing Loans (NPLs) hit 22 per cent in half year ended June 30, 2016 from 4.1 per cent recorded in half year of 2015. Apex banking regulating body, Central Bank of...

Stanbic Bank has been formally awarded a banking license in Côte d’Ivoire in a drive towards establishing a presence in Francophone West Africa market. It will be recalled that the Group opened a representative office in December 2013, and now gearing up to commence banking operations in a market which...

Respite came the way of investors on the Nigerian Stock Exchange (NSE) on Tuesday as the market reversed a six-day losing streak for the All-Share Index appreciated by 1.14 per cent to close at 27,945.02 basis points in contrast to a decline of 0.11 percent recorded on Monday when it...

United Bank of Africa (UBA) Plc has debunked an attempt to link it with the ongoing socio-political issues in Turkey. The bank through its Head of Communications, Mr. Charles Aigbe in a public statement issued in Lagos today said it was not involved in the coup attempt in the country....

The Director General, Chamber of Commerce and Industry (LCCI), Mr. Muda Yusuf, has condemned the decision of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) to raise benchmark interest rate from 12 percent to 14 percent. Rising from the 251st edition of its meeting on Tuesday...

The Monetary Policy Committee (MPC) of Central Bank of Nigeria (CBN) has finally increased interest rate from 12 per cent to 14 per cent. The MPC meeting which began on Monday and came to an end in Abuja today was to grapple with the nation’s economy that has  faced challenges...

Despite protests from governments and rights groups, nationals of Nigeria and other drug convicts will face the firing squad in Indonesia this week after authorities gave notice of their executions in the early hours of Tuesday. The country’s the deputy Pakistani ambassador in Jakarta, Syed Zahid Raza, declared on Tuesday...

Fidson Healthcare has announced 88 per cent in profit after tax for the half year ended June 30, 2016. The pharmaceutical company reported that its profit after tax moved from N324 million in first half of 2015 to N39.58 million in first half of 2016. Similarly, profit before tax decline...