Business

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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The Federal Government can borrow up to but not more than $22bn in the 2017 fiscal year, the Debt Management Office has said. The DMO, in its ‘Determination of Borrowing Limit for 2017’ report, stated that the Federal Government could borrow up to 5.89 per cent of the country’s Gross Domestic Product estimated at $374.95 billion. According to the DMO, …

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AS part of its re-engineering drive to reposition the company back to profitability, the management of Prestige Assurance Plc has notified the Nigerian Stock Exchange (NSE), of its plans to reduce the company’s share capital. Prestige explained that the essence of the capital reconstruction is to enable the Company wipe out its accumulated retained losses of N776, 511,000. The company …

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The menace of food insecurity currently prevailing Nigeria may soon become part of history as Heritage Bank Plc has disclosed that it is supporting NatnudO Foods, a food processing company in its determination to make poultry affordable and accessible for the people. Speaking at the media briefing organized on food security in Nigeria, Team Member, Agric Finance, Specialised Banking of …

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Following its shocking rest from broadcast earlier this year due to its sponsor, MTN, pulling out, popular quiz game show, Who Wants To Be A Millionaire? Nigeria, is set to return to TV with the support of Airopay which is thrilled to partner with Ultima Ltd, WWTBAM’s producer, whose passion and dedication to quality and world class productions are well …

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Standard Alliance Insurance said it has paid N8.2 billion as claims between 2015 and first quarter of 2017 to holders of the company’s policy products, just as it said that plans are underway to raise capital from the capital market. Addressing the stock market community on Tuesday during the company’s Fact Behind the Figures, the Chief Executive Officer, Mr. Bode …

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The Nigerian National Petroleum Corporation (NNPC), has carried out a major shakeup of top executives across the value chain of its operations. Ndu Ughamadu,Group General Manager, Public Affairs Division, announced the shakeup in a statement on Tuesday. According to the statement, the appointments and deployments has given the Oil giant a fresh impetus. Complete text of the statement reads: “The …

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Photo Caption: From Left: Nkeiruka Uzoechi, Deputy General Manager, Human Capital Management/Legal, Standard Alliance Insurance Plc; Uruemu-esiri Oghen, Company Secretary, Standard Alliance Insurance Plc; Haruna Jalo-Waziri, Executive Director, Capital Markets Division, The Nigerian Stock Exchange (NSE); Bode Akinboye Group Managing Director/Chief Executive Officer, Standard Alliance Insurance Plc; Bolaji Oladipo, Executive Director, Technical, Standard Alliance Insurance Plc; Aniete Udo, Standard Alliance …

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The Fiscal Responsibility Commission has said that the Federal Government withdrew the sum of N359.39 billion from the Excess Crude Account in 2015 to fund the payment of petroleum products subsidy in 2015. The FRC position is contained in a report on the Excess Crude Account obtained by Punch in Abuja on Monday. According to the FRC, the withdrawal of …

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In order to proffer lasting solution to issues surrounding waste generation and management in Nigeria, a National Waste Management Conference was recently held in Lagos. Nigeria’s foremost Eco-Friendly E-Waste Recycling outfit, E-Terra Technologies Limited was fully represented at the Conference organized by Intermarc Consulting, where Mr. Ifeanyi Ochonogor, CEO E-Terra Technologies spoke on “Attending to Electronic waste: Evacuation, Elimination & …

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