archiveOctober 2017

Seplat Petroleum Development Company Plc (Seplat) has announced N1.62 billion loss in third quarter (Q3) ended September 30, 2017 from N24 billion loss reported in third quarter ended September 30, 2016. Nigerian independent oil and gas company listed on both the Nigerian Stock Exchange and London Stock Exchange reported 70...

Guy Code, a new TV show that targets male viewers, is airing on MTV Base (DStv Channel 322). The show focuses on popularising rules that should guide the conduct of young male adults. Guy Code is broadcast by MTV Base (DStv channel 322) Sundays at 10pm and repeated on the...

Fidelity Bank has announced 65 per cent increase in Profit in the third quarter (Q3) ended September 30, 2017 to N14.45 billion from N8.7billion reported in third quarter ended September 30, 2016. Similarly, Profit before tax surged by 65.1 per cent to N16billion in Q3 2017 from N9.8 billion in...

Calls for global action against corporate secrecy, illicit financial flows Says, “Secrecy provides convenient cover for the criminal and the corrupt…’’ ``we know that anonymous companies are not always illegal or are not always designed to harm. But we also know that secrecy provides a convenient cover for the criminal...

  United Bank for Africa Plc (UBA), Zenith Bank Plc and Guaranty Trust Bank Plc (GTBank) earn a sum of N197.8 billion interest investing in Federal Government Treasury Bills (T-Bills) between January and September 2017. The above banks invested estimated N1 trillion in Debt Securities (T-Bills and Federal Government Bond)...

FCMB Group Plc has notified the Nigerian Stock Exchange that it has entered into an agreement with other shareholders of Legacy Pension Managers Limited for the acquisition of an additional 60 per cent stake in. The proposed acquisition will increase FCMB’s interest in Legacy to 88.2 per cent, thus making...

  For the first time in 12 years, governors of the Southern states of Nigeria on Monday met in Lagos, where they unanimously reiterated the call for true federalism and devolution of powers to States. The Governors, in a communique at the end of the meeting read by the host...

  *Over 4m school pupils now eating one free meal a day *25,771 schools now benefitting from the programme *Also, N5,000 monthly Conditional Cash Transfer now funded in 16 states for 115,000 Nigerians Three more states have been added to the National Home Grown School Feeding Programme, with an additional...

Nigeria and Indonesia will work together to increase the level of economic cooperation between both countries, Vice President Yemi Osinbajo, SAN, has said. Prof. Osinbajo spoke earlier this morning at a bilateral meeting he held with his Indonesian counterpart, Vice President Jusuf Kalla, on the sidelines of the Extractive Industries...

  *Meets Indonesian business community in Jakarta *Assures them of a better investment climate under President Buhari Vice President, Federal Republic of Nigeria, Prof. Yemi Osinbajo, SAN said that Africa has plenty of potential and room to grow but must reposition its economy in the direction that will be attractive...