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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...

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...

At a special event hosted by the Lagos Business School, Nigeria's Finance Minister, Kemi Adeosun, set out the government's plan to reset Nigeria's economy with structured borrowing, targeted investment and diversified growth. Speaking to some of the country's most influential captains of industry. The Minister told the audience: "We have...