archiveOctober 2016

Fidelity Bank Plc has recorded gross earnings of N110.3 billion in its unaudited financial results for the nine months ended September 30, 2016. The bank’s gross earnings rose to N110.3 billion from N107 billion, representing a growth of three per cent. This result is contained to a statement issued by...

Lafarge Africa Plc has declared N37.4 billion loss in nine months of 2016 from N 32.4 billion recorded in prior nine months of 2015. Chief Executive Officer, Lafarge Africa Plc, Michel Puchercos, said: “Our focus on volume and prices started to deliver during the third quarter. In September, all our...

Bank customers at the bank customers’ summit organised by Banks Customers Association of Nigeria (BCAN) In Lagos recently, have been tasked to deliberately seek information and knowledge to keep themselves properly equipped, as information is key and knowledge is power in successful bank-customer relationship. According to BCAN, bank customers who...

Organisation of Petroleum Exporting Country's (OPEC) oil output is likely to set another record high in October, a Reuters’ survey found on Monday, as Nigerian and Libyan output partially recovered from disruptions and Iraq boosted exports. The rise in output could add to scepticism about OPEC's ability to finalize a...

The trading transaction on the Nigerian Stock Exchange (NSE) opened the week on Monday on negative territory as the Exchange All-Share Index (NSE ASI) and the Market Capitalization decreased by 0.27 per cent, while the Year-to-Date return stood at -4.97 per cent. The All Share Index closed at 27,220.09 against...

Stakeholders in the Nigeria Mining sector have called on the Federal Government to increase funding of the solid minerals sector if Nigeria is to successfully achieve economic diversification and reap from its enormous mineral resource endowments. This call was made in Abuja at the recently concluded Nigeria Mining Week organised...

The former Speaker of the Federal House of Representatives, Honourable Dimeji Bankole has joined the league of eminent Nigerians calling for the listing of big corporations operating in Nigeria on the floor of the Nigerian Stock Exchange (NSE). He made the call at the Gala Night for the 20th Annual...

By Simon Agadah Reading the piece titled “Bayelsa: Who is afraid of the Supreme Court” by Anayo Okolie in THISDAY, The Sunday Newspaper dated October 30, 2016, the impression, ordinarily, was that of a journalist weighing in on the pertinent issues in the Bayelsa governorship election regarding the appeal by...

  By Walter Duru, Ph.D In September 2016, civil society and media practitioners in Nigeria gathered in Enugu to review the country’s anti-corruption war. The meeting, supported by the Justice for All of the British Council was attended by about fifty civil society and media practitioners interested in the anti-corruption...

Nigeria's foreign currency reserves fell 20.5 per cent year-on-year to $23.95 billion by Oct. 27, down 2.7 percent month-on-month, Central Bank of Nigeria data gathered by Reuters showed on Monday. The CBN has been selling dollars to support the weakening naira, hit by low oil prices that have triggered the...