Elumelu Hails Nigerian Economy in France

The promoter of Africaptalism, Tony O. Elumelu recently delivered an inspiring speech in Paris, France, selling Nigeria as an investment destination to the French business community.   Elumelu, who is the Chairman of Pan-African banking group, United Bank for Africa (UBA) Plc and proprietary investment firm, Heirs Holdings delivered the speech  at the 1st ‘Colloque […]

Daimond Bank Plc is Financially Sound-MD

      The Group Managing Director of Diamond, Uzoma Dozi has said but for N50 billion impairment which negatively affected the bank’s financial result that its book of accounts is sound.   He said the bank has enough capital to embark on viable transactions and is liquid enough to meet its obligations to customers […]

Mikel and Terry Disappoint at Yobo’s Testimonial

Nigerians have expressed their disappointment at John Terry and John Obi Mikel missing out on Joseph Yobo Testimonial staged in Port Harcourt . The Chelsea stars were confirmed to participate in the highly publicized game to give the former Super Eagles’ captain a grand curtain call from professional football, but that was not to be […]

First Bank Shareholders Commend The Board ,Ask for dividend

        The shareholders of First Bank Plc has praised its board and management for their financial performance, just as they demanded for better dividend payout next year.   According to most of the shareholders the 15kobo dividend pay out by the bank for2015 accounting year is not befitting for a renowned institution […]

Heritage Bank Launch Comic Book for Children

   Heritage Bank has launched The Protector, a comic book to deepen financial literacy among school children. The initiative is a fall-out of the declaration of May as “Children Banking Month” by the bank. The project, according to the bank, is in recognition of the pivotal role children play as leaders of tomorrow. At the  […]


  At the 51st Annual meeting of the board of governors of the African Development Bank (AfDB), African philanthropist Tony Elumelu, urged the private sector to tackle unemployment among African youths on the continent. Mr. Elumelu, the Chairman of United Bank for Africa (UBA) and pan-African investment company Heirs Holdings said during a panel session […]


  The Nigerian Stock Exchange (“The Exchange” or “the NSE”) has announced that it has been admitted into the GRI Gold Community by Global Reporting Initiative (GRI). The GRI is is an international independent organization that helps businesses, governments and other organizations understand and communicate the impact of business on critical sustainability issues such as […]

FTN Cocoa Processing PLC Invests Additional N6bn

    The Managing Director/CEO of FTN Cocoa Processing PLC,Abiola A.Aderonmu has disclosed that it has invested additional N6billion into the company in order to bring the cocoa producer back to activity on the floor of the Nigerian Stock Exchange(NSE). According to him despite the effort by the board and management of the cocoa producer, more […]

Berger Paints PlC Owners Invest N6000 On New Plant

The Managing Director of Berger Paints PLC,Peter B. Folikwe has disclosed that the owners of the company invested over  N600million in a new automated factory which would be completed before year end,saying that the new factory will put the company far above its competitors in Nigeria’s paint industry. According to him the company apart from the […]

Nigeria Suspend Talk With MTN Over $3.9bn Fine

Nigeria has reportedly suspended discussions with MTN over the record US$3.9billion fine imposed on the mobile operator’s subsidiary there while the country’s parliament investigates the size of the penalty and the way in which it was imposed. Bloomberg reported yesterday that Nigerian lawmakers in the House of Representatives had instituted a probe and that further […]

CSR:Zenith Bank Spends Over N2bn

Zenith Bank Nigeria Plc has spent over N2billion on its corporate social responsibility efforts.      According to available figures while the bank expended a total sum of N1.10billion as its CSR in 2014, N923million was spent in 2015. It should be recalled that the bank paid what was regarded as the highest dividend in the banking sector […]

Van Gaal Confirm Manchester United exit

              After it emerged that former Inter coach Jose Mourinho is set to become Manchester United‘s manager next season, Louis van Gaal has broken his silence on the matter. The Dutchman arrived at Old Trafford after leading the Netherlands to third place in the 2014 World Cup but his spell […]

The Official Jumbo Pay of Federal Lawmakers

The Official Jumbo Pay of Federal Lawmakers Bright Ewulu with reports from The Authority The Revenue Mobilization Allocation and Fiscal Commission(RMAFC) Acting Secretary, Usman I. Garndawa, has  said that the details of the National Assembly remuneration packages were provid­ed “to avoid misinformation and misrepre­sentation of facts.”  RMAFC said that allowances acrue­able to federal lawmakers include: […]

Seplat MD Raises Hopes on Oil Production,Complains about Niger Delta Crisis

Seplat MD Raises Hopes on Oil Production,Complains about Niger Delta Crisis The Seplat Managing Director/CEO,Austin Avuru has said that the company has put arrangements on ground to remain profitable despite the downturn in oil business across the globe,but hinted that the rising crisis in the Niger-Delta that has seen the destruction of oil instalations by […]