Business

JAIZ Bank Plc has said that it will grow its income and profitability consecutively over the next five years, with pre-tax profit for the period expected to reach N15.86 billion. Managing Director of the bank, Hassan Usman, who led top management of the bank to present its Facts Behind the Figures at the Nigerian Stock Exchange (NSE) in Lagos on …

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Wema Bank Plc has said that it will soon return to trajectory of dividend payment even as it appealed for understanding over the inability of the bank to propose a dividend in the last couples of years. The assurance and appeal was made by the Managing Director Mr Segun Oloketuyi, while responding to question at the bank Annual General Meeting …

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Photo Caption: From Left; National Security Adviser, Maj. Gen. Babagana Monguno; Head of the Civil Service, Mrs. Winifred Oyo-Ita; Chief of Staff to the President, Mallam Abba Kyari; Secretary to the Government of the Federation, Mr. Boss Mustapher and Vice President Yemi Osinbajo, during the Federal Executive Council meeting at the Aso Chambers, State House, Abuja on Wednesday, 9th May, …

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Sterling Bank Plc on Tuesday outlined a long-term strategic plan that will drive the bank to a globally competitive financial institution that delivers good returns to investors and other stakeholders. Chief Executive Officer, Sterling Bank Plc, Mr. Abubakar Suleiman yesterday at the Nigerian Stock Exchange (NSE) laid out the underlying fundamentals of the bank to the investing public, with an …

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The Federal Executive Council on Wednesday directed the Ministry of Health to step up surveillance at all the nation’s entry points to prevent the spread of Ebola to the country, following the outbreak of the virus in Democratic Republic of Congo. The Minister of Health, Prof. Isaac Adewole, disclosed this to State House correspondents at the end of the council’s …

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The Central Bank of Nigeria (CBN), on Tuesday, May 8, 2018, boosted the inter-bank Foreign Exchange market with another sum of $210 million. The Bank again offered the sum of $100 million to authorized dealers in the wholesale segment of the market. The Small and Medium Scale Enterprises (SMEs) segment received the sum of $55 million while the sum of …

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The Jigawa Police Command said it had arrested a 45-year-old housewife (name withheld), who allegedly poisoned to death her 14-year old housemate, Zulfa’u Amadu, in Kangan Village in Taura local government area. The command’s Public Relations Officer, Superintendent Jinjiri Abdu, confirmed the arrest to the News Agency of Nigeria in Dutse on Wednesday. Jinjiri said that the suspect, on May …

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Indications have  emerged that some Nigerian banks have began to lobby the managment of MTNGroup Limited, as the telecommunication  company  is set to appoint more banks for the sale of its shares in its Nigerian unit on the stock exchange in Lagos as it looks to start an initial public offering in June or July, westafricabusinessnews learnt. An inside sources, …

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Securities and Exchange Commission (SEC) Nigeria has been commended on its tirelessness, professionalism and dedication among others while it hosted the secretariat of the Africa and Middle East Regional Committee (AMERC) of the International Organisation of Securities Commissions (IOSCO). Outgoing Vice Chairman of AMERC Nezha Hayat gave the commendation at the official handover of the Committee’s leadership from SEC Nigeria …

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Photo Caption: From Left: Godstime Iwenekhai, Head, Listing Regulation, The Nigerian Stock Exchange (NSE);  Tinu Awe, Executive Director, Regulation, NSE; Abubakar Suleiman, Chief Executive Officer, Sterling Bank Plc and Yinka Oni, Chief Information Officer, Sterling Bank Plc during the Facts Behind the Figures presentation at the Exchange Tuesday.

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