Business

Nigerian flag carrier, Dana Air has been formally announced as the newest member of The International Air Transport Association (IATA). A statement by the airline’s Media/Communications manager, Kingsley Ezenwa said the IATA membership is coming just two years after the airline passed its International Operations Safety Audit (IOSA) and was admitted into the association’s global safety registry. The Accountable Manager …

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Shareholders of Oando Plc, have applauded the company’s determination at creating value for its members by way of building a global reputable going concern, even as they gave thumb-up for its aggressive debt reduction drive. Creating value for shareholders by delivering on the bottom line to building a reputable company / brand worth investing in, have always been the business …

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The MD/CEO of Heritage Bank Plc, Mr. Ifie Sekibo, the President/Chief Executive of the Africa Finance Corporation (AFC), Mr. Andrew Alli and other leading experts in the financial sector are expected to proffer solution to the challenges of infrastructure financing in the country, at the 2017 annual conference of the Finance Correspondents Association of Nigeria (FICAN). Others expected at the …

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In investment palance, Return on Investment (ROI) has always being the hallmark of every investors, with Nigerian shareholders not being an exception, much especially with the recent contraption in the domestic econonmy which was occasioned by the downward trend in global prices of oil. The meltdown in oil internationally hard its adverse effect on every unit of the economy, especially …

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PZ Cussons Nigeria Plc has announced a dividend payment of 50 kobo for the financial year ended May 31, 2017. According to the company’s financial statement that was sent to the Nigerian Stock Exchange (NSE) for its verification, showed that the dividend that was proposed by the directors is same figure that was paid to shareholders in the last financial …

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Photo Caption: From Left: Clifford Akpolo, Digital Marketing Manager, The Nigerian Stock Exchange (NSE); Tony Ibeziako, Head, Domestic Capital Markets, NSE; Andrew Hanlon, Chief Executive Officer, Television Continental (TVC); Ade Bajomo, Executive Director, Market Operations and Technology, NSE and Ade Ewuosho, Head, Market Services, NSE at the Closing Gong Ceremony in commemoration of the signed Broadcasting Agreement with The NSE at the Exchange today.

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Ecobank Transnational Incorporated (ETI) Plc-the pan-African parent company of Ecobank Group, has signed a five-year $250 million senior unsecured loan facility from Deutsche Bank AG. The Public Investment Company (PIC) of South Africa, one of the major institutional shareholders of ETI, is providing full credit support to Deutsche Bank on the transaction through a sub–participation of risk. In a statement …

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The Securities and Exchange Commission has given approval to Oando Plc to conduct its Annual General Meeting hitherto slated for September 11, 2017. This came after the Special Task Team constituted by SEC to review petitions filed by Alhaji Dahiru Bara’u Mangal and Ansbury Inc against Oando, submitted an interim report, which cleared the oil major of the allegations. This …

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The International Air Transport Association says global air freight increased by 11.4 per cent in July compared to the same period a year ago. IATA, in its latest data released on Tuesday stated this was the fourth time in five months that double-digit annual growth was recorded, adding that July’s year-on-year increase in demand was nearly four times higher than …

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Guinness Nigerian Plc has proposed a dividend of 64 kobo for the financial year ended June 30, 2017. The corporate action was up by 28.00 percent which is above 50 kobo that was declared same period in 2016. The audited result is coming few days after the company ended its right issue, which the outcome is still been awaited by …

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