Access Bank Plc has announced its unaudited results for the period ended March 31, 2016, showing Profit After Tax (PAT) up 42 per cent to ₦19.4billion in Q1 2016 from ₦13.7billion in Q1 2015. Profit Before Tax (PBT) for the period rose to ₦22.6 billion, representing a 37per cent growth...

 Nigerian shareholders largely shunned a N43 billion share-acquisition bid by Unilever Overseas Holdings, United Kingdom aimed at acquiring a quarter of Unilever Nigeria’s shares to increase the multinational’s majority equity stake in the Nigerian subsidiary to 75 per cent. The latest audit of Unilever Nigeria, scheduled to be presented to...

As a fall out of the states debt repayment deferral for the month of March that was announced last Thursday, the Federal Ministry of Finance has clarified that the debt repayments due to the states’ creditors will be fully paid notwithstanding the deferral. According the Federal Ministry of Finance, the...

Nine Deposit Money Banks (DMBs) in 2015 paid the sum of N71.6bn to the Asset Management Corporation of Nigeria (AMCON) as sinking fund, data gathered by Business247 has shown. Effective January 1, 2011, DMBs in Nigeria were required to contribute 0.3per cent of total assets as at the preceding year...

Trading in the shares of Zenith International Bank Plc, Guaranty Trust Bank Plc and United Bank for Africa Plc. (measured by volume) accounted for 290.319 million shares worth N3.015 billion in 3,795 deals, contributing 32.79 per cent and 51.72 per cent to the total equity turnover volume and value respectively...

Guinness Nigeria Plc said in a statement on the Nigerian Stock Exchange’s website that    it profit fell by 83 percent in the nine months through to the end of March, 2016. Its earnings after tax were 864 million naira ($4.35 million) in the period, compared with 5.2 billion naira a...

The Nigerian Stock Exchange All Share Index (NSE ASI) and the Market Capitalization decreased by 0.24%, today while the Year-to-Date return stood at -13.24 per cent. The All Share Index closed at 24,850.11 against the previous close of 24,909.88 while Market Capitalization closed at ₦8.548 trillion against Thursday close of...

Mitsubishi Motors shares nosedived for a third session today, tumbling as much as 16 percent after the Japanese automaker’s shock admission that it cheated on fuel-efficiency tests. According to online report monitored by Business247, panic-selling on Wednesday and Thursday — when the government raided one of its research centres —...

The OTC market grew in size and structure in the first quarter of 2016. At the end of the quarter, NASD had admitted 26 securities to trade as against 24 securities in the previous quarter with the introduction of two more companies (Fan Milk Plc and Vital Product Plc). The...

With the current economic downturn negatively affecting all sectors of the nation's economy, some experts are set to proffers solutions on how insurance companies across the country and African continent can survive the trying times. If the current trend remains, insurance industry may suffer significant drop in premium income this...