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Despite the harsh economic environment that impacted business operations in 2015, Diamond Bank Plc maintained turgid resilience against the tide focusing on the implementation of strategic set goals with strong growth in customer base and equity. Analysts and industry watchers had, due to unfavourable macro environment and challenging regulation of...

The management of Fidelity Bank Plc said $115 million or N23.3 billion transactions conducted for former Minister Of Petroleum Resources, (Mrs) Diezani Alison-Madueke were duly reported as required by the regulators. The Bank in a statement also said it was cooperating fully with the Economic and Financial Crimes Commission (EFCC)...

The Nigerian Stock Exchange All Share Index (NSE ASI) and the Market Capitalization increased by 0.60%, while the Year-to-Date return stood at -12.87%. The All Share Index closed at 24,957.08 against the previous close of 24,809.29 while Market Capitalization closed at ₦8.585 trillion against Wednesday close of ₦8.534 trillion. Volume...

Shareholders of Access Bank Plc, on Wednesday commended the board and management of the bank for its strong financial performance in 2015 despite the difficult operating environment. The Bank’s shareholders also approved the board’s recommendation to pay a final dividend of 30 kobo per share. This is in addition to...

Nigeria’s energy companies that bought oil fields from oil majors when oil was selling for more than $100 a barrel, have been hammered by the crash in oil prices. Now their troubles are taking a toll on the banking sector in the country. In the two years before crude oil...

The Council of the Chartered Institute of Stockbrokers (CIS) has elected Mr Oluwaseyi Abe as the President and Chairman of the Governing Council of the Institute. Also, the duo, Mr Adedapo Adekoje and Mr Olatunde Amolegbe have been elected as the First Vice President and Second Vice President respectively. The...

Consumers who place a premium on health consciousness can now easily satisfy their need for healthy drinks with the recent introduction of Chivita Active Vegetable & Fruit Nectar into the market. This is an innovative product said to be the first of its kind in the Nigerian juice market. It...

The Nigerian Stock Exchange All Share Index (NSE ASI) and the Market Capitalization increased by 0.24 per cent, translating to N20 billion value addition, while the Year-to-Date return stood at -13.33 per cent. The All Share Index closed at 24,823.86 against the previous close of 24,765.10 while Market Capitalization closed...

FBN Holdings Plc announced its audited results for the full year ended December 31, 2015 with profit after tax dropping by 82 per cent from N84.0 billion in 2014 to N15.1 billion in 20 15. Despite the decline in profit, FBN Holdings proposed a dividend of N0.15 per share (150per...

 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...