Oando posts N212 bn top line revenue FRIDAY EKEOBA Oando Plc has announced unaudited results for the six months period ended 30 June, 2016. The company’s turnover increased by 18 percent to N212 billion, compared to N180 billion in H1 2015, while Gross Profit decreased by 49 per cent, N19 billion compared to N37.1 billion in H1 2015. Along …

  Diamond Bank suffers 26% drop in PBT Friday Ekeoba   With bank’s borrowing hiting N164 billion in six months and share price felling by 4.2 per cent to N1.6, Diamond Bank Plc has announced its half year (H1 2016) performance showcasing weaker growth in key financial parameters that include profit before tax that dropped by 26 per cent. Similarly, …

MTN targets 2017 date for listing on the exchange …Citigroup, Standard Bank as listing advisers Barring any last minute change in decision, leading mobile telecommunications company, MTN have concluded plans to list its share on the Nigerian Stock Exchange (NSE) in 2017. The company said it is taking some concrete steps towards having the company quoted on the local bourse, …

Dangote Sugar Refinery has announced a profit before tax (PBT) of N11.1 billion for the six months ended 30 June, 2016. The unaudited results for the half year indicated that all performance measurement indices trended upwards. According to the results, profit before tax rose by 13.3 percent compared to N9.8 billion in the same period in 2015. The sugar group …

The Lagos Chamber of Commerce and Industry (LCCI), the premier Chamber of Commerce and a leading voice in the organised private sector (OPS) in Nigeria has concluded arrangements to assign current participants of its mentoring program to their respective mentors for practical mentoring session. The Mentor-Mentee Matching ceremony, according to LCCI is scheduled to hold on Friday, 5th August, 2016 …

By Friday Ekeoba The trade relationship between Nigeria and the UK may soon get a further boost, as the UK’s Prime Minister Trade Envoy to Nigeria, John Howell has called for more collaboration and strengthening of existing business opportunities between both countries. He said the Nigeria market with lots of business growth potentials remained untapped, noting that the British government is more than ever ready …

By Uzoma Ngozi “How much easier it is to be critical than to be correct.” – Benjamin Disraeli, one-time British Prime Minister. “When your success hovers from one person to the other, it will definitely get to someone who will regard it as failure.”  – Michael Bassey Johnson, an uncommon Nigerian penman. In a publication titled, “Those Calling for Okonjo-Iweala’s Sack Are Detractors”, The …

Worried by the continued insolvency currently being experienced by most state in the country, the National Delegate Conference (NDC) in Abeokuta, Ogun State, Association of Senior Civil Servants of Nigeria (ASCSN) has appealed to the Federal Government to offer ‘adequate protection’ to the N5.3 Trillion workers contributory pension funds. Speaking at a conference held on Wednesday, President of ASCSN, Bobboi Bala Kaigama said the fund …

By Dayo Emmanuel For Mrs. Ebere Azubuike, what a man can do, a woman can do even better. The mother of five who would not allow economic situation or family challenges turn her to a beggar, has decided to launch into the obvious male dominated business terrain to fetch a living. While her male counterparts in the commercial cyclist business …

Consistent with its commitment to providing an efficient and sustainable capital market, the Nigerian Stock Exchange recently organized the 3rd edition of the Nigerian Capital Market Information Security Forum with the theme “What to do when you are hacked”. This biannual event provides a platform for stakeholders and thought leaders in the information security space to share knowledge on Information Security best practices and cyber …