Business

Fidson Healthcare Plc has recorded a 256% growth in Profit Before Tax (PBT) for full year 2017. The company’s audited financial result submitted to the Nigerian Stock Exchange,NSE showed an outstanding growth of 84% in turnover to N14 billion in 2017 from N7.6 billion in 2016 . In like manner, the Cost of Sales increased by 91% to 6.9 billion …

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Dayo Emmanuel Managing Director of Hallmack newspaper, Mr. Teslim Shitta-Bey, has enjoined business journalists in Nigeria to equip themselves with adequate financial tools to help investors and other stakeholders with information regarding their investments. Shitta-Bey gave the call while addressing the alumni of Bloomberg Media Initiative for Africa (BMIA) Cohort 4 at the Media Career Centre, Lagos on Wednesday. In …

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The Minister of Finance, Kemi Adeosun, has appointed a new director-general for the Securities and Exchange Commission (SEC). The appointment comes days after the confusion between SEC and the Nigerian Stock Exchange (NSE) over the shares of Nigerian oil giant, OANDO. The NSE on Wednesday lifted the suspension on the trading of Oando’s shares, then reversed itself, only to reverse …

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The Federal High Court in Lagos on Friday rejected an application by the Economic and Financial Crimes Commission seeking to seize the funds in 15 bank accounts linked to Mrs. Patience Jonathan. The funds, which the EFCC sought to seize include a total of $8,435,788.84 and over N7.35bn. Justice Mojisola Olatoregun rejected the ex parte application filed by the EFCC …

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The Nigerian Stock Exchange (NSE) on Thursday announced plans to migrate Access Bank, Lafarge Africa, Seplat and United Bank for Africa (UBA) Plc to its Premium Board The NSE said in Lagos the four companies would be migrated to its Premium Board on April 16, sequel to their applications and meeting of its listing requirements for the board. The News Agency of Nigeria …

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Olabode Adaramola, Minna  Niger State Governor, Alhaji Abubakar Sani Bello, has sought a resolution of the State House of Assembly,  in support of N21.5billions  Sukuk Bond Issuance in multiple and consecutive tranches. In a letter read by the Speaker, Rt. Hon.  Ahmed Marafa Guni on the floor of the House on Thursday, Bello noted that the bond was part of …

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To the relief of Oando shareholders, investors and the general public, the technical suspension on the trading of the company’s shares was lifted for a second time by the Nigerian Stock Exchange (NSE). The shares of the company commenced trading on the capital market on the morning of Thursday April 12, 2018 following a directive by the Securities and Exchange …

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The Oodua Cooperative Conglomerate Limited has established a microfinance bank in Ibadan, the Oyo State capital, with a plan to have branches in all the South-West states. At the opening of the Cintrust Microfinance Limited on Wednesday, the Vice President of the conglomerate, Mr. Felix Ajibode, who is also the promoter of the bank, said the financial institution had its …

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The National Bureau of Statistics on Thursday said the country’s Consumer Price Index which measures inflation rose by 13.34 per cent (year-on-year) in March 2018. The bureau in the report said the 13.34 per cent rate for March is 0.99 percentage points less than the 14.33 per cent recorded in February. The report said this is the fourteenth consecutive months …

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The population of Nigeria, the giant of Africa, is pegged at an estimated 198 million, according to the National Population Commission (NPC). NPC Chairman, Eze Duruiheoma, said this in New York, yesterday, when he delivered Nigeria’s statement on sustainable cities, human mobility and international migration at the 51st session of the Commission on Population and Development. Nigeria currently ranks the seventh most populous …

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