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BY ABDUL OLALEKAN The financial crisis in the country takes its toll of AIICO Insurance Plc as it suffered a profit after tax decline of 46% to N1.2 billion on its 2015 full year audited financials from N2.2 billion recorded for the same period in 2014. The results also revealed...

Diamond Bank Plc has violated the Central Bank of Nigeria (CBN) directive on Non-Performing Loan (NPL) ratio of five per cent, as its NPL stood at 6.9 per cent at the end of 2015 financial year. The bank in 2014 had reported NPL of 5.2 per cent, an indication that...

Following the Federal Government downstream sector deregulation, share price of companies listed in the Oil & Gas sector on The Nigerian Stock Exchange (NSE) received boost on investors surge demand. Investors taking position in the Oil & Gas share impacted positively on NSE Oil & Gas index as it gained...

By our Correspondent First Bank of Nigeria Holdings Plc (FBN), Ecobank Group Plc and two other banks reported N626.6 billion bad loans in 2015. Other two banks that contributed to the N626.6 billion bad loans last year are Diamond Bank Plc and Union Bank of Nigeria Plc (UBN). The Central...

The NSE All-Share Index and Market Capitalization appreciated by 2.88 per cent and 2.92 per cent to close the week at 26,441.03 and N9.099 trillion respectively. Similarly, all other Indices finished higher during the week, with the exception of the NSE Industrial Goods Index that declined by 1.15 per cent....

The city of Egbeda and Sango-Otta came alive yesterday as thousands of upcoming Fuji artistes trooped to Havannah Hotels, Egbeda and Maridom Palace Hotel, Sango-Otta the venues for the auditions of the annual Fuji music talent hunt, Goldberg Fuji t’o Bam, to battle for the Wura 1 crown of Fuji...

The Central Bank of Nigeria (CBN) has cautioned bank customers over activities of unscrupulous individuals who demand banks details under the pretext of being Customer Care representatives of the regulator. CBN in its circular noted that bank customers are falling prey to the activities of unscrupulous individuals who demand for...

By ABDUL OLALEKAN With over N5.3 trillion pension fund waiting to be used for investment, the Director General of the National Pension Commission (PenCom), Mrs. Chinelo Anohu-Amazu, is set to explain how the fund could be utilized for economic growth and diversification of the nation’s economy at the National Lecture...

By ABDUL OLALEKAN The Director-General, Lagos State Pension Commission, LASPEC, Mrs Folasade Onanuga, has alerted retirees to beware of pension fraudsters who deceive retirees into believing  that there are balances to be paid to them and make demands on them. Onanuga, who gave the admonition at the 26th Retirement Benefit...

The Federal Government has resolved to ban importation of six commodities: rice, wheat, sugar, cotton, tomato paste and processed meat by 2018. The Minister of State for Trade and Industry, Hajiya Aisha Abubakar, disclosed this at an interactive session with entrepreneurs and prospective investors participating in Katsina State Economic and...