Business

Ecobank Nigeria has donated an ultra-modern, multi-million naira water facility project to Abesan Primary School, Alimosho Local Government Area in  Lagos State being part of the bank’s corporate social responsibility (CSR) engagements in host communities. The project include a borehole, scaffolding water reservoir of 2000 litres;  14 taps points with pumping machines; generating set as source of alternate power supply; …

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Wema Bank Plc has grew its profit after tax by 28.84 percent, from N1.218 billion in 2017 to N1.569 billion in 2018, thus making the bank which prides itself as a leader in digital banking in Nigeria being able to sustain its earnings performance for the period ended June 30, 2018. According to the bank’s Q2 financial posted on the website …

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Udeme Etukeyen Seen from afar, Nigeria is one large African nation and the continent’s most robust economy, but within the powerhouse that Nigeria represents there are several engines that drive the economy. Best known is Lagos State, which includes Nigeria’s largest city and economic capital, but beyond there a less known success stories that merit global attention.  Of Nigeria’s 36 …

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Nigeria will work closely with international development partners to accelerate the pace of socio-economic and sustainable growth, particularly in those areas that will lead to the speedy realization of the objectives of Nigeria’s Economic Recovery and Growth Plan (ERGP). Minister of Budget and National Planning, Senator Udoma Udo Udoma, made this known in Abuja while meeting respectively with the Ambassador …

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Oando Plc’s shareholders can heave a sigh of relief, as the Company has set the record straight following claims in the media which implied that Oando has been ordered by the London Court of International Arbitration (LCIA) to pay Ansbury Investment Inc. $680 million. The calculated misinformation arose from a press release issued by the lawyer and legal counsel of Ansbury Investment Inc., …

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In a move to further enlighten investors and the general public on the process and benefits of e-Dividend and to discuss other contemporary issues in the Nigerian Capital Market, the Securities and Exchange Commission (SEC), Nigeria through its Port Harcourt Zonal Office will be holding a Town Hall meeting with stakeholders and the general public. This will also provide an opportunity to …

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Oando PLC sets the record straight that the Company, Oando, is not involved in the case and ruling made on July 6, 2018 by the London Court of International Arbitration (LCIA) on the case involving Whitmore Asset Management Limited, a company owned by Jubril Adewale Tinubu and Omamofe Boyo, Ansbury Investments Inc., owned by Gabriele Volpi and Ocean and Oil …

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With two weeks into the second half (H2) of the year, the Nigerian equities market has lost a total of N320 billion following weak demand by investors who are adopting cautious trading. The stock market, which ended 2017, as the third best performer, had sustained that uptrend in the beginning of 2018. But profit-taking that followed thereafter pared the gains …

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Heritage Bank Plc, Nigeria’s most innovative banking services provider, has again demonstrated its commitment to the growth and progress of the banking profession by partnering with the Lagos branch of the Chartered Institute of Bankers (CIBN) to host the 2018 Lagos Bankers & Stakeholders’ Nite. General Manager and Chief Compliance Officer of Heritage Bank, Mr. Wumi Adeniyi, who disclosed this …

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The nation’s total energy provider, Conoil Plc has reiterated its resolve to maintain its leadership position in the downstream petroleum sector by building a stronger financial position and creating higher values for its shareholders. At its 48th annual general meeting held on Friday in Uyo, Akwa Ibom State, the company assured its shareholders that conscious efforts will be directed at achieving better execution of value-added products and services …

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