archiveAugust 17, 2016

  Advises customers to ignore malicious massage against the bank The Central Bank of Nigeria (CBN) has reemphasised its earlier calls that there is no problem whatsoever with Skye Bank Plc, declaring that the bank is neither distressed nor liquidated. The apex bank in a statement signed by its Acting...

As part of effort to curtail tomato losses in the country, Growth and Employment in States - Wholesale and Retail Trade (GEMS4), an economic development project jointly funded by the World Bank and DFID/UKAid, took good handling packaging campaign for perishable produce to Mile 12, Market, Lagos. GEMS4 is focused...

Guaranty Trust Bank plc has released its audited financial results for the half year ended June 30, 2016 with profit before tax gaining 45 per cent from N63.11 billion in H1 2015 to N91.4 billion in half year under review. The management of GTBank has proposed interim dividend of N0.25k...

The Manufacturers Association of Nigeria (MAN) has disclosed that more firms were set to shut their operations following the high price and the non supply of natural gas. Speaking with journalists at the MAN House in Ikeja Lagos, the Chairman of the MAN Gas Users Group, Dr Micheal Ola Adebayo...

Market continued its positive ride on Wednesday on the Nigerian Stock Exchange (NSE) as the All-Share Index (ASI) and Market Capitalisation which opened the day trading at 27,389.02 basis points and N9.406 trillion respectively closed at 27,437.25 basis points and N9.423 trillion, translating  to a marginal gain of N17 billion...

The Management of First Bank of Nigeria Limited, a subsidiary of First Bank of Nigeria Holdings Plc has denied allegation of concealing N11.23 billion Nigerian Ports Authority (NPA) funds. The authority of NP last week said it uncovered fraud totalling N11.23 billion at the agency lodged in three deposit money...

Oil prices retreated on Wednesday in Asian trades, on the back of the Nigerian announcement about the expectations that OPEC producers would refuse to reduce output in September's meeting. According to Mubasher Info, Brent crude oil futures were down 0.67 per cent to reach $48.90 per barrel, while US crude...

  RMAFC to begin disbursement of 13% derivation to it Okays four Aje Oil Wells The Governor of Lagos State Mr. Akinwunmi Ambode has said that the commencement of crude oil production in the state would in no small measure enhance the economy of the state. He said this today...

Amid macro economy challenges, Guaranty Trust Bank Plc has announced N91.4 billion profit before tax in its audited hal- year period ended June 30, 2016. In its results posted on the Nigerian Stock Exchange website today, the leading in profitability bank announced a growth of 44.8 per cent in profit...

By James Eze Chimamanda Ngozi Adichie will be delivering a keynote address to the United Nations world body on Friday, August 19, 2016 as part of a series of events marking the occasion of World Humanitarian Day. A statement from her Manager, Chinaku Onyemelukwe says the event is scheduled to...