Business

Oando PLC hereby notifies the shareholders and other stakeholders of the appointment of Mr. Muntari Muhammed Zubairu as Group Chief Corporate Services and Operations Officer. In accordance with Article 88 of the Company’s articles of association, the Board of Directors has also appointed Mr. Muntari Muhammad Zubairu as an Executive Director of the Company effective February 5, 2018. Mr. Muntari …

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Exciting times are here for customers of Diamond Bank, as the retail banking giant has set aside a whopping N433 million as the total prize money to be won in its Diamondxtra Season 10 reward scheme which kicked off yesterday in Nigeria. Over 4,950 customers will be rewarded in the monthly and quarterly electronic draws, which would be witnessed by …

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In line with its determination to dominate and redefine the landscape of registrar service delivery in the country, Africa Prudential Plc, has unveiled her new USSD code, *4018# tagged “Personal Registrar”. The USSD code, *4018#, which was unveiled in Lagos on Wednesday enables shareholders to perform  a lot of tasks including checking their outstanding dividend, shareholding balance, confirming bank mandate …

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The latest Global Wealth Migration review says rich people are leaving Lagos for other cities because of taxes. According to the report, some of the reasons high net worth people are leaving their locations are taxes and increasing crime rates. Other cities affected are London and Istanbul. According to the report, 1000 wealthy people left Lagos in 2017 and there …

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The World Bank Group yesterday disclosed that its support to fragile states, including Nigeria through the International Development Association (IDA) has doubled to more than $14 billion. The  bank’s Country Director in Nigeria, Mr. Rachid Benmessaoud, who made the disclosure at a conference with the theme: ‘IdeasforAction Africa’ which it hosted in collaboration with the African University of Science and …

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Operating profit of N6.6bn, N6.7bn improvement compared to the previous year Marketing investment up 17% to support wider beer and spirits portfolio enabled by productivity savings Debt to equity ratio reduced from 82% to 2% Guinness Nigeria has announced its half year results for the period ended 31st December 2017, with cumulative revenue and gross profit rising to N70.6 billion …

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BudgIT has expressed dismay at Nigeria’s current position on fiscal transparency and public participation in the budget process as Africa’s largest economy has apparently taken steps backwards despite persistent advocacy by citizens and repeated promises by the government to improve. Nigeria slips into 90th place behind Zimbabwe and Afghanistan on the Open Budget index released yesterday (January 30, 2018). The …

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At the close of business on Tuesday January 30, 2018, trading on the floor of Nigerian Stock Exchange (NSE) closed on a positive note as Diamond Bank Plc again topped the gainers table to close at N3.19 kobo. Just as banking stocks continue to attract investors’ attention. However, the key market indicators increased by 0.42 percent, bringing the year to …

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The Administrative Panel of Inquiry has recommended the dismissal of the suspended Director-General of the Securities and Exchange Commission (SEC), Mr. Mounir Gwarzo, from the Public Service of the Federal Government. Presidency source disclosed that the Panel also recommended that the suspended SEC director-general be referred to the Independent Corrupt Practices Commission for further investigation of the allegation of using …

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…Suspension is in order because he breached Public Rules…Adeosun Embattled Director General of the Securities  and Exchange Commission (SEC), Mr. Mounir Gwarzo has described his suspension by the minister of finance,  Mrs. Kemi Adeosun from the Commission, as one done in bad fate. Gwarzo made this submission on Tuesday at the hearing being conducted by the House Committee on Capital …

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