archiveJuly 2016

As the nation’s capital market closed on Friay, four financial institutions out of 15 listed on The Nigerian Stock Exchange (NSE) are top performing shares in 30-week of 2016. These four financial institutions include United Bank for Africa Plc (UBA), Guaranty Trust Bank Plc (GTBank), Zenith Bank Plc and Access...

The outgoing Group Managing Director/Chief Executive, United Bank of Nigeria (UBA), Plc Mr Philips Oduoza, has said that volatility and instability in governance in some African countries have exposed most major banks in Africa to political risk. Oduoza, while given a lecture on the” Emergence of a Nigerian Pan-African Bank”...

Pension Fund Administrators (PFAs) under the auspices of the Pension Fund Operators Association of Nigeria ( PenOp) has called for careful investment of pension funds saying, careless deployment could wipe the gains already achieved within a twinkle of an eye. The Chairman of  PenOp, Mr. Eguarekhide Longe, who made the...

ABDUL-KHALIQ OLALEKAN In spite of the turbulent operating environment in the country, Sovereign Trust Insurance Plc (STI), Plc was able to generate N7.13 billion gross premium from the insurance businesses it undertook in 2015 financial year. The underwriting firm also recorded a 97 per cent growth in its Profit After...

The best way to describe how the market went on the Nigerian Stock Exchange (NSE) this week is to just say it was ‘very bloody’ as throughout the week, the market continued looking south wards as investors recorded a loss of N394 billion and All-Share Index dropped by 3.98 per...

The Managing Director/Chief Executive of Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim has lamented over the increasing wave of non-performing in various banks across the country. He thus called for strict compliance with the existing code of conduct and a review of the existing laws and regulations to provide...

Nigeria Customs Service (NCS), said that the command intercepted a reversal pistol, four bullet and two Toyota Camry. The Customs Area Controller of Tin-Can Island Command Yusuf Bashar disclosed this in Apapa, Lagos. He said that the pistol was discovered in a Toyota Camry Solara a chases number 4TIFA38P46U065280 adding...

The Lagos Chamber of Commerce and Industry (LCCI), the premier Chamber of Commerce and a leading voice in the organised private sector (OPS) in Nigeria and the Delegation of German Industry and Commerce in Nigeria (DGIC) have signed a Memorandum of Understanding (MoU) to boost trade, investment and knowledge transfer...

MultiChoice Nigeria has unveiled a brand new campaign for the DStv Compact bouquet called Live Your Dream and it features its latest brand ambassador, Odion Jude Ighalo. The Live Your Dream campaign celebrates the passion, perseverance and determination of Nigerians to achieve their dreams against all odds with Ighalo’s story...

Nigeria will start borrowing abroad in the third quarter, Finance Minister Kemi Adeosun said on Thursday, in the wake of the central bank's decision to float the naira last month. According to Reuters’ report monitored by Business247 News Online, the government has said it plans to borrow up to $10...