archiveApril 2017

The unaudited nine-month result of Guinness Nigeria Plc for the period ended 31 March, 2017 has shown that the leading beverage company in Nigeria recorded a revenue growth of 29 per cent and a six per cent increase in gross profit when compared with nine-month period in 2016. While the...

First Bank of Nigeria Holdings Plc (FBN Holdings) on Thursday announced its audited results for the full year ended December 31, 2016 with Non-performing Loan gaining 65.2 per cent to close at N584.2 billion from N353.5 billion recorded in 2015. The group total assets also rose by 13 per cent...

Nigeria is firmly committed to ensuring that polio is totally eradicated from all communities all over the country, according to President Muhammadu Buhari, in a speech delivered by Vice President Prof. Yemi Osinbajo, SAN. Vice President Osinbajo spoke today when he represented President Muhammadu Buhari at a meeting of the...

The Nigerian Stock Exchange All-Share Index (NSE ASI) and the Market Capitalization increased by 0.52 per cent, while the year-to-date return stood at -4.17 per cent. The All-Share Index closed at 25,753.00 against the previous close of 25,620.94 while Market Capitalization closed at ₦8.911 trillion against previous close of ₦8.865...

*FG to crackdown on armed herdsmen, others-NSA In order to further advance an effective implementation of the Buhari administration’s Social Investment Programmes (SIP) now operational in all 36 states of the federation and FCT, the National Economic Council (NEC) resolved today to locate the State Governments’ coordination units in the...

Access Bank Plc has reported an impressive first quarter profits raising hopes among investors about the Bank’s determination to be the world’s most respected African bank. The Bank’s unaudited financial results for the first quarter (Q1) ended March 31, 2017 showed an increase of 38 per cent in Profit before...

The Central Bank of Nigeria (CBN) on Thursday, April 27, 2017, offered the sum of $100 million to authorized dealers to meet the requests of wholesale customers at the forex auction in the interbank wholesale window. The Acting Director, Corporate Communications Department at the CBN, Mr.Isaac Okorafor who disclosed this...

NSE, LSEG renew capital market agreement The Nigerian Stock Exchange (NSE) and London Stock Exchange Group (LSEG) have renewed their strategic capital markets partnership agreement at the NSE office in Lagos today (Thursdaay). The renewal extends the original two-year partnership agreement between the NSE and LSEG, allowing the two Exchanges...

The Federal Operations Unit, FOU, Zone “C” of Nigeria Customs Service in Owerri said it had seized 102,099 cartons of illegally imported frozen poultry products with duty paid value of N1.27 billion. Comptroller Mohammed Garba, the Area Controller of the zone, disclosed this while briefing journalists in Owerri on Thursday....

German Chancellor Angela Merkel told Britain on Thursday not to have any “illusions” that it would have the same rights as an EU member after it leaves the bloc. “A third-party state will not have the same rights or even superior rights to a member state,” Merkel said ahead of...