Business

Ecobank Transnational Incorporated (ETI) on Wednesday announced 12 per cent increase in profit for the nine months ended September 30, 2017 to N57.95 billion from N51.76 billion in nine months ended September 30, 2016. The pan-African financial institution profit before tax also rose by marginally by three per cent to N69.4 billion as against N67.5 billion in prior nine months …

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Photo Caption: The picture shows cross section of dignitaries at the London Stock Exchange Market Open Ceremony to kick start the 3rd edition of the LSE/NSE Capital Market Conference, co-hosted by London Stock Exchange and The Nigerian Stock Exchange in London today.

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The Debt Management Office (DMO) has revealed that the 10-year tenor bond issued in the just-concluded October auction recorded a 97 per cent oversubscription. The DMO, in a bond summary disclosed that the five-year tenor bond posted six per cent subscription, adding that of the N50 billion offered for each bond, the five-year tenor bond recorded N3 billion subscription from …

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Skye Bank Plc, as part of its engagement initiative to drive financial inclusion among the youth segment is organising a nationwide campus storm exercise to promote its ‘Ref n Win’ campaign which provides students and the academic communities an opportunity to experience convenient and accessible banking offerings right at their doorstep The Bank’s representatives will be storming Obafemi Awolowo University …

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For the nine months ended September 30, 2017, FBN Holdings has announced Profit after tax of N45.8 billion, up 7.8 per cent when compared with N42.5 billion recorded in 2016. Gross earnings is  N439.2 billion, up 5.2 per cent as against N417.4 billion in 2016 while Net-interest income is  N254.3 billion, up 25.3% y-o-y (Sept 2016: N202.9 billion) Also, operating expenses stood at  N175.3 billion, up 8.4% y-o-y (Sept …

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The Securities and Exchange Commission (SEC) said the attention of the Commission has been drawn to a publication by Sahara Reporters titled “How SEC Director-General Illegally Paid Self Severance Benefit, Awarded Contracts To His Companies”. SEC said it had been aware of the allegations contained in that article since January 2017 following the receipt of a petition to that regard. …

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Women have been charged to cash in on the opportunities offered by the diversification of the economy and the fast growing agricultural industry by improving their entrepreneurial skills without being afraid to be more successful than their husbands. The Committee of Wives of Lagos State Officials (COWLSO), on Thursday, gave the charge as it concluded its three-day National Women Conference …

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Despite the challenging operating environment, Access Bank Plc, one of the leading tier one bank, has announced its third quarter (Q3) results for 2017 which reflect the Bank’s ability to generate sustainable earnings. The full service commercial bank with headquarters in Nigeria, has its other operations across Sub-Saharan Africa, the UK, Asia and the Middle East, According to the bank’s …

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The National Assembly may have concluded plans to review some of the enabling laws that might have caused inhibitions to the growth of the stock market and hinder it from playing its pivotal role in capital formation. The Chairman, Senate Committee on Capital Market, Mr. Bukar Mustapha, gave this hint on Thursday during his visit to the Exchange for an …

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The Lagos State Traffic Management Authority (LASTMA) has warned stakeholders in the aviation sector and members of the public to desist from disobeying the State Traffic Law with regard to driving one-way on the Murtala Muhammed Airport Road so as not to incur the wrath of the law. LASTMA General Manager, Mr. Olawale Musa, said the State government had been …

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