Business

Lagos Is The Ideal Destination For Investors— Obasa Tells German Parliamentarians   The Speaker of the Lagos State House of Assembly, Hon. Mudashiru Ajayi Obasa, has stated that Lagos State remains the best destination for foreign investors, particularly those from Germany, with its improving infrastructure and secured environment. Hon. Obasa made this remark on Monday, when a delegation of German Parliamentarians …

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Guinness Nigeria explains six per cent increase in revenue Guinness Nigeria has announced 6 per cent increase in   revenue for the first quarter of its financial year ended 30 September 2016. The company attributed the increase partly to contributions from its new mainstream and international premium spirits business “as well as the continuing growth of its value brands”. The financial …

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From left, Managing  Director, Media Buying, OND Media Reach, Yinka Adebaya; Product Manager, Indomine Vemb Varaihan; Product Manager, Indomine Onome  Asagbra; General Manager, Indomine Girish Sharma; receipient of the Brand of the year award/Brand Manager,  Indomine Amber Yadav; President, Advertisers Association of Nigeria (ADVAN), David Okeme; Group Public Relations and Event Manager, Indomine Ashiwaju Tope and Research and Media Manager, …

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Niger to produce one million metric tonnes of Rice in dry season farming Olabode Adaramola Niger State Governor, Alhaji Abubakar Sani Bello has said that adequate provision has been made to enable rice farmers in the state produce one million metric tonnes of rice by the end of this year’s dry season. He said this just as the Minister of …

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A cross section of shareholders at Conoil Annual General Meeting held in Uyo, Akwa Ibom State on Friday…Pix    

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From left, Group Executive, Consumer Banking, PatrickAkinwuntan, Group Chief Executive Officer, Ade Ayeyemi, both of Ecobank Transnational Incorporated (ETI); Division President, Sub Saharan African, Mr. Daniel Monehin and Area Business Head, West Africa, Omokehinde Adebajo both of. MasterCard at a Memorandum of Understanding (MoU) signing ceremony between Ecobank and MasterCard held at Ecobank Head Office, Victoria Island in Lagos.recently Ecobank …

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Investors Laud Conoil’s N2bn Dividend Payout in Recession Shareholders of Conoil Plc have applauded the company’s strong financial performance despite the difficult operating environment in the country. Speaking at the company’s annual general meeting held at the weekend in Uyo, Akwa Ibom State, the shareholders expressed their delight that the foremost fuel marketing company was able to declare such a …

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Q3: Access Bank Grows Profit to N72bn  Based on enhanced business efficiency and coupled with effective execution of its long-term strategy, Access Bank Plc has announced an impressive profit of N72 billion for the nine months ended 30 September 2016. The Bank’s Profit Before Tax (PBT) showed an increase of 19 per cent from N60.4 billion recorded during the same …

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Stockbrokers Task FG on Economic Recovery  Friday Ekeoba Piqued by the continued downturn in the domestic economy, the Chartered Institute of Stockbrokers (CIS) has urged the Federal Government to ensure speedy implementation of measures aimed at reviving and further development of the nation’s economy. The President of CIS, Mr Oluwaseyi Abe, made the call on Thursday day at the 20th …

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NB to pay N7.9bn interim dividend despite profit dip The Board of Directors of Nigerian Breweries Plc has announced an interim dividend of N7.929 billion, that is N1.00 (One Naira) per ordinary share of 50 kobo in the share capital of the Company for the 9 month period ended 30th September 2016. In the company’s financial result filled at the …

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