archiveJuly 29, 2020

The Nigerian Stock Exchange (NSE) ended the week on Wednesday ahead of Eid-el-Kabir celebration with a growth of 0.18 per cent on bargain hunting. Speficially, the All Share Index (ASI) improved by 43.57 points or 0.18 per cent to close at 24,693.73 against 24,650.16 posted on Tuesday. Similarly, the market...

• maintains $120m capex, records $234m revenue Seplat Petroleum Development Company Plc , a leading Nigerian independent energy company listed on both the Nigerian Stock Exchange (NSE) and the London Stock Exchange (LSE), has announced a cash increased to $343m despite lower revenues, for the six months ended 30 June...

FBN Holdings Plc on Wednesday announced Profit After Tax (PAT) of N49.5 billion for the six months that ended June 30. The PAT represented an increase 56.65 per cent when compared with N31.6 billion achieved in the corresponding period of 2019. Profit Before Tax (PBT) grew by 14.36 per cent...

The Federal Government said it had put up quality policies to contain the post-Coronavirus (COVID-19), pandemic very strongly against predictions of economic doom by some international bodies. Mr Adeniyi Adebayo, Minister of Industry, Trade and Investment, gave the assurance in Abuja on Wednesday while giving awards to members of the...

Sterling Bank Plc, Nigeria's leading commercial bank, in collaboration with Clickatell, a global leader in mobile communications and chat commerce, today announced a unique and very personalised banking experience for existing custGomers and prospective account holders through the popular messaging app - WhatsApp. Customers can now initiate bank transfers, and...

Ogun State Governor, Dapo Abiodun, on Wednesday announced that worship centres would reopen in the state effective August 14. He made the disclosure while giving COVID-19 updates at the Governor’s Office, Oke-Mosan, Abeokuta....

Ogun State Governor, Dapo Abiodun, on Wednesday announced that worship centres would reopen in the state effective August 14. He made the disclosure while giving COVID-19 updates at the Governor’s Office, Oke-Mosan, Abeokuta....

The Osun Micro-Credit Agency on Wednesday granted N5 million loan to 30 Cocoa farmers in the state. Mr Bayo Babaranti, the General Manager of the Agency, while distributing the cheques to the beneficiaries in Osogbo, said that the loan was aimed at boosting Cocoa production in the state. Babaranti said...

• signs revised 2020 budget • Govt to adopt alternative project funding approach Oyo State Governor, Engineer Seyi Makinde, on Wednesday, explained that his administration's determination to fix the huge infrastructure deficit in the state and get the state on the right track for economic growth was behind the move...

Justice Sherifat Solebo of the Special Offences Court, Ikeja, Lagos on Wednesday July 29, 2020 sentenced a serial fraudster, Aliyu Zakari to 53 years imprisonment for N17.1million fraud. The convict was prosecuted by the Lagos zonal office of the Economic and Financial Crimes Commission (EFCC) on six-count charges of obtaining...