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As the deadline for quoted companies to submit their audited report and accounts for the year ended December 31, 2015 expired last week, there are strong indications that the Nigerian Stock Exchange (NSE) may sanction Unity Bank and 31 other listed companies over non compliance. Post-listing rules at the NSE...

The World Bank Group’s ‘Doing Business Report’ for 2016 released today has disclosed that it is difficult to do business in Nigeria now than it was in 2015. The report also revealed that Singapore remained the easiest country to do business, with a distance to frontiers (DTF) of 87.34, even...

Nigeria will soon begin exploratory drilling in search of oil in the north eastern Chad Basin region by October, the Minister of State for Petroleum Resources, Emmanuel Ibe Kachikwu, has said. According to a report by Reuters, the country may be on the verge of a significant oil find in...

In the absence of its Managing Director/Chief Executive Officer, Mr. Nnamdi Okonkwo, the Board of Directors of Fidelity Bank Plc has appointed Alhaji Mohammed Lawal Balarabe, Executive Director North as Acting Managing Director/Chief Executive of the bank with immediate effect subject to regulatory approval. The appointment was announced on Monday...

As Central Bank of Nigeria (CBN) has indirectly reintroduced Commission on Turnover (CoT) fee as Current Account Maintenance (CAM) Fee, seven Deposit Money Banks in Nigeria generated N13 billion incomes in three months of 2016. The banks are Zenith Bank Plc, First Bank of Nigeria Holdings Plc, Guaranty Trust Bank...

The Organization of Petroleum Exporting Countries (OPEC) increased production by 484,000 barrels to 33.217 million daily in April. This is the highest since 1989 going by the data on survey of oil companies, producers and compiled by Bloomberg going. OPEC crude production surged in April, led by Iran, which is...

In enhancing performance that would add significant value to stakeholders, FCMB Group Plc, has laid emphasis on strong capital, cost efficiencies, capital optimisation and accelerated growth in retail business. The Group made this known at its third annual general meeting held over the weekend in Lagos, saying, its subsidiaries were...

PZ Cussons Plc has assured shareholders that the company was well positioned to leverage emerging opportunities in the industry to boost profitability and increase shareholders value. The Chief Executive Officer of the company, Christos Giannopoulos, made this known on the floor of the Nigerian Stock Exchange (NSE), in Lagos, explained...

All arrangements have been concluded for the grand opening of motorcycle assembly plant and modern showroom of CFAO Yamaha Motor Nigeria Limited come 13th of May, 2016 at the Amuwo Odofin Industrial Scheme in Lagos. According to the company, the grand opening is coming after the successful testing and full...

The All Share Index (NSE ASI) and the Market Capitalization of The Nigerian Stock Exchange (NSE) increased by 0.60 per cent, at the end of business transactions today, while the Year-to-Date return stood at -12.87 per cent. The All Share Index closed at 24,957.08 against the previous close of 24,809.29...