Tag Archives: NSE

  Mounir Gwarzo, Director-General of the Securities and Exchange Commission (SEC), allegedly got a severance package of N104 million from the same commission shortly after he was named DG in 2015, Thecable news has said. He was an executive commissioner at SEC when former President Goodluck Jonathan appointed him to lead the commission on May 22, 2015. On assuming office …

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The slidding mood on the floor of the Nigerian Stock Exchange (NSE) came under control on Tuesday as the All-Share Index gained 118.89 points or 0.33 per cent to close at 36,531.62, compared with 36,412.73 recorded on Monday. Also, the market capitalisation increased by N41 billion or 0.33 per cent to close at N12.574 trillion against N12.533 trillion achieved on Monday. Specifically, the financial …

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Unilever Nigeria Plc has appointed a new Non-Executive Director, Mr. Chika Nwobi to the board of the company. According to the company’s legal Director & Company Mrs. A. Ademola his appointment takes effect from 1 January, 2018. Chika Nwobi is founder of Level 5 Lab (L5Lab)– a venture development firm that has incubated several successful African tech companies including Jobberman.com …

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Seplat Petroleum Development Company Plc (Seplat) has announced N1.62 billion loss in third quarter ended September 30, 2017 from N24 billion loss reported in third quarter ended September 30, 2016. Nigerian independent oil and Gas Company listed on both the Nigerian Stock Exchange and London Stock Exchange reported 70 per cent increase in revenue to N85.19 billion in third quarter …

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Oando has obtained a court order halting the suspension of trading in its shares and a forensic audit planned by the Securities and Exchange Commission (SEC), court documents seen by Reuters showed on Tuesday. Shares in Oando Plc were frozen at N5.99 on Monday until further notice, the stock exchange said after the Securities and Exchange Commission (SEC) ordered a …

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Jingdong Hua, Vice President and Treasurer Nigeria is already one of the largest economy and the country with the biggest population on the African continent. By 2050, it will be home to 410 million people, making it the third most populous country in the world. Sustained economic growth is therefore imperative to meet the challenges of this demographic transformation, bringing …

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The creative artistes, who participated in this year’s edition of Lagos Comic Con, got a booster from Heritage Bank Plc as the financial powerhouse allayed their fears over inaccessibility of funds for operators in the industry. Speaking at the 6th edition of Lagos Comic 2017, held at NECA House, Ikeja, Lagos, on Saturday, Chubike Agu of the Corporate Communications Department of Heritage …

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FCMB Group Plc On Monday October 23, 2017 said it has entered into an agreement with other shareholders of Legacy Pension Managers Limited for the acquisition of an additional 60 percent stake in Legacy. According to a statement sent to the Nigerian Stock Exchange (NSE), the proposed acquisition will increase FCMB’s interest in Legacy to 88.2 percent, thus making Legacy …

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Unity Bank Plc’s capital base has hit N80 billion, up from N31 billion in 2014, Mr. Thomas Etuh, former Chairman, Board of Directors, has said. Etuh, the immediate past board chairman of the bank said in a post-retirement interview with journalists in Abuja that the growth was recorded under his watch, between 2014 and 2017. Etuh who retired as the …

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Skye Business School has been awarded full accreditation status as a full-fledged banking/finance, business and continuous human capital training academy by the Chartered Institute of Bankers of Nigeria (CIBN). The accreditation which is in collaboration with the Central Bank of Nigeria (CBN) is sequel to the conclusion of a rigorous vetting and accreditation process. CIBN is the body that regulates …

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