Business

Conoil Profit Rises by 176%, proposes 200% dividend increase payout

Conoil Profit Rises by 176%, proposes 200% dividend increase payout Conoil has announced a 176 per cent increase over its last financial year profit despite the turbulence that rocked the nation’s economy and indeed, the downstream sector of the petroleum industry in 2015. Following this impressive performance, the oil marketing giant has proposed a 200 per cent increase in dividend …

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Fidelity Bank MD Advises Investors to Take Advantage of Stock Prices

Fidelity Bank MD Advises Investors to Take Advantage of Stock Prices The Managing Director of Fidelity Bank, Mr. Nnamdi Okonkwo, has urged investors to take advantage of the current low prices of stocks, saying that it is the better to invest when prices are low. Despite the strong fundamentals of the listed companies, their shares are highly discounted due to …

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Access Bank, Rand Merchant Bank, Dangote Foundation sponsors NSE 2016 Essay Competition

Access Bank, Rand Merchant Bank, Dangote Foundation sponsors NSE 2016 Essay Competition FRIDAY EKEOBA Access Bank, Rand Merchant Bank, and Dangote Foundation will sponsor the top three winners of The Nigerian Stock Exchange (NSE) yearly essay competition with equity investments, University scholarship funds and personal Laptops/tablets at the Awards ceremony in November 2016, the NSE has said This year’s competition …

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CBN hosts FICAN Bi-Monthly Forum on e-payment

CBN hosts FICAN Bi-Monthly Forum on e-payment The Central Bank of Nigeria (CBN) will be hosting the September Edition of the Finance Correspondents Association of Nigeria (FICAN) Bi-Monthly Forum in Lagos. The event, with theme: ‘Development in the Electronic Payment Industry in 2016’ will hold on Saturday, September 10 at the FICAN Centre, Onipanu Lagos. The Guest Speaker, Mr. ‘Dipo …

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Nigeria to Issue Visa to Foreign Investors on Arrival in the Country

  Nigeria to Issue Visa to Foreign Investors on Arrival in the Country Barring any last minute change in decision, the Federal Government may have concluded plans to issue visa on arrival to foreign investors and other businessmen from outside the country. Vice President Yemi Osinbajo who made this disclosure yesterday, noted that the government was seriously considering the option …

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First Bank Appoints New Chief Risk Officer

First Bank Appoints New Chief Risk Officer FRIDAY EKEOBA As part of its sound corporate governance drive, First Bank of Nigeria Limited has announced the appointment of Mr. Olusegun Alebiosu as its new Chief Risk Officer (CRO). Prior to this appointment, Alebiosu was the Chief Risk Officer of Coronation Merchant Bank.   Alebiosu’s appointment, which is still subject to approval by …

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Wema Bank reopens Minna Branch

Wema Bank reopens Minna Branch In line with its policy on financial inclusion and expansion drive, Wema Bank Plc has reopened its branch in Minna, Niger State. Located at 35 Bosso Road, Minna, is coming barely a year after the bank obtained a national banking licence from the Central Bank of Nigeria (CBN). “After Mr Segun Oloketuyi took over the management …

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RED STAR MANAGEMENT VISIT TO NSE

From left,  Executive Director Finance & Admi,  Red Star Express Plc, Auwalu Babura; Chief Executive Officer, The Nigerian Stock Exchange (NSE), Oscar Onyema; Managing Director/CEO, Red Star Express Plc, Sola Obabori; Executive Director Sales & Marketing, Red Star Express Plc, Victor Ukwat and Divisional Managing Director, Red Star Support Services Limited, Enoma Ojo at the Closing Gong Ceremony at the …

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First Nation resumes September 15

First Nation resumes September 15 Barely one week after suspending its operations, FirstNation Airways is to resume onSeptember 15, 2016. In a statement, FirstNation’s Head of Corporate Affairs, Rasheed Yusuf explained that the airline suspended operations to carry out routine maintenance on its fleet in line with safety standards and regulations. Advertisement Yusuf said: “In these circumstances, these airlines clearly …

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LCCI Holds 2016 Members’ Day Exhibition 6 September

LCCI Holds 2016 Members’ Day Exhibition 6 September Advertisement The Lagos Chamber of Commerce and Industry (LCCI), the premier chamber of is set to hold its 2016 Members’ Day exhibition and networking event with the theme “Increasing the Visibility of Members”. The event is an opportunity for all members of the chamber to showcase their products and services to the …

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