archiveJuly 28, 2016

In a bid to lure more Nigerians to experience its unique luxury lifestyle hotel service offerings, ARMANI Hotel, Dubai – a Giorgio Armani signature hotel recently hosted some of its existing and prospective customers to an exclusive cocktail event held in Lagos. The event which was organized in partnership with...

United State Agency for International Development (USAID) in partnership with Edo State government, has launched a N340 million ($1million) programme to support HIV/AIDS-affected children and families to the tune of N20,000 each to the beneficiaries for food, school needs and other necessities which would last till 2018. Speaking at the...

Zenith Bank Plc has joined Guaranty Trust Bank Plc and Access Bank Plc to delay half year ended June 30, 2016 result and accounts. The lender in a statement signed by company secretary, Michael Otu, to The Nigerian Stock Exchange (NSE) said, “in compliance with the post listing requirements of...

    Bank’s borrowing hits N164bn in six months Share price fell by 4.2% to N1.6 Diamond Bank Plc released its half year (H1 2016) performance showcasing weaker growth in key financial parameters that include profit before tax that dropped by 26 per cent. The group’s profit before tax moved...

Following the unstable foreign exchange situation in the country, Dangote Cement Plc has announced a decline of 15 per cent in profit for the half-year period of 2016. The cement manufacturing company in its unaudited financial statement for the half year (H1) ended June 30, 2016 reported that its profit...

Investors on the Nigerian Stock Exchange (NSE) traded 270.722 million shares valued at N2.247 billion in 4,609 deals on Thursday. Market capitalisation of the market closed at N9.633 trillion and the All-Share Index  at 28,046.96 basis points as against N9.687 trillion and 28,205.62 basis points respectively on Wednesday, translating to...

First Bank of Nigeria Holdings Plc today announced the appointments of a new memebers  into the Board of FBN Holdings Group. The appointments which were approved by the Board of Directors since July 19, 2016 remained subject to all necessary regulatory approvals. Ms. Cecilia Akintomide and Mrs. Oluwande Muoyo are...

The Nigerian Stock Exchange (NSE) has launched an online portal to attract top talents and optimize its recruitment process. According to a statement from the Exchange, the recruitment portal is expected to enhance the its recruitment capability, increase turnaround time and provide a consumer-friendly candidate experience, will handle all aspects...

  Names Citigroup, Standard Bank as listing advisers The most awaited listing of the nation’s leading mobile telecommunications company, MTN, on the Nigerian Stock Exchange (NSE) has began to crystallise as the company has said that the listing would be done in 2017. Taking some concrete steps towards this, MTN...