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The African Development Bank (www.AfDB.org) wishes to categorically refute the statement that it has “called off loans to Nigeria”, as reported in Reuters and credited to AfDB Vice-President for Power, Energy, Climate and Green Growth Amadou Hott. The African Development Bank is highly encouraged by the economic recovery of Nigeria from recession and salutes the Government’s efforts towards diversification of …

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Ecobank Nigeria has organized customer forum for exporters and importers targeted at boosting trade and commerce in the country.   Country Head, Commercial Banking, Ecobank Nigeria, Rotimi Morohunfola, said the forum held in Lagos at the weekend, is one of the several avenues by which the Bank extends support to promoters and stakeholders in export and import business. He explained that …

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Hyundai Motors Nigeria Limited (HMNL) has announced it will commence a comprehensive 30-day discounted service campaign, beginning from November 1, 2017 for owners and fleet managers of Hyundai cars and Commercial Vehicles. The campaign, which is tagged ‘Before service clinic,’ was also described as a HMNL initiative aimed at helping customers rediscover the value of their Hyundai vehicles and appreciate …

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For the week ended October 27, 2017, trading in the shares of United Bank for Africa (UBA) Plc, Access Bank Plc and FBN Holdings Plc accounted for 515.058 million shares worth N4.458 billion in 3,088 deals.   Trading in the shares on the floor of Nigerian Stock Exchange (NSE) contributed 36.95% and 27.17% to the total equity turnover volume and value respectively.    At …

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The Central Securities Clearing System (CSCS) Plc recently announced in Lagos it would increase automation and improve efficiencies in the Nigerian capital market with the deployment of TCS BaNCS, a world class multi-asset class solution for securities depository, clearing and settlement. The solution replaced the NASDAQ Equator which has been in use since inception of the company in 1997. The …

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This year’s event is billed as the Jumia Black Friday Festival and will run for 31 days from November 13th to December 13th 2017 Jumia Nigeria (www.Jumia.com.ng) has announced the dates and partners for its biggest sales event of the year, Jumia Black Friday 2017! This year’s event is billed as the Jumia Black Friday Festival (http://APO.af/fYKSAr) and will run …

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Benedict Peters, Executive Vice Chairman of Aiteo Group (www.AiteoGroup.com), has instructed London law firm Mishcon de Reya and Washington’s Covington & Burling to lead ongoing efforts to address politically-motivated issues. Aiteo Group, founded in 1999, is a leading indigenous Nigerian oil producer headquartered in Lagos. UK-based Mishcon de Reya is one of the world’s leading legal practices with a particular …

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Royal Exchange Plc, Nigeria’s foremost financial services group is set to unlock new growth potentials that will increase consumer value and better returns on investment to its teaming shareholders. The company with interest in general insurance, life insurance, asset management, healthcare as well as micro finance banking is taking advantage of synergies, as a financial conglomerate in its new drive …

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Guinness Nigeria Plc has posted 30 percent growth in revenue for the first quarter which ended Sept. 30, 2017. The company in a result declared on the Nigerian Stock Exchange on Friday, said that the revenue stood at N29.9 billion compared to N23.02 billion achieved in the comparative period of 2016. The company’s gross profit during the period under review …

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Chairman of Board of Directors of Unity Bank Plc, Mr. Thomas Etuh has retired from the Bank’s Board with effect from October 4th, 2017 while the Board has also approved the appointment of Alhaji Aminu Babangida (the erstwhile Vice Chairman of the Board) as the new Chairman of the Board in line with the Bank’s succession plan. A statement from …

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