NSE Employees Donates to SOS Children’s Village

. As part of its Employee Give-Back Drive, during the last Easter celebrations, employees of The Nigerian Stock Exchange (“NSE” or “Exchange”) came together to donate money to fund medical bills for 10 children in SOS Children’s Village, Lagos, an initiative which aligns with the Exchange’s Corporate Social Responsibility strategy. The SOS Children’s Village was […]

UBA Meets NSE’s Stringent Corporate Governance Conditions

The Nigerian Stock Exchange on Monday migrated the ordinary shares of United Bank for Africa (UBA) Plc to its Premium Board, in what capital market analysts describe as an attestation to the Bank’s strong adherence to international best practices on corporate governance. The Premium Board is the newly created platform for elite companies that meet […]

Vanguard Economic Discourse:Nigeria not an Oil Rich Nation-Augusto

The World acclaimed financial consultant,Mr Bode Augusto has said that Nigeria is not an oil rich country as is widely believed ,saying that the revenues from oil is poor when put against Nigeria’s population of about 185 million. Mr Augusto who declared this on the Occasion of Vanguards Economic Discource held at Civic Centre,V.I. Lagos […]

AGM:Shareholders Commend GTBank,Cautions over N500BN Litigation

The shareholders of GTBank Plc has commended the bank over its performance in the 2017 financial year,even as they cautioned the bank on its litigation total of N500billion. The shareholders who aired their views on the occasion of its Annual General Meeting Tuesday Chaired by Mrs A.Demuren called on the board to initiate succession planning […]

NSE Deadline:FBN,Diamond Fails to File 2017 Audited Accounts

The First Bank Nigeria Holdings Plc (FBN) has informed stakeholders that the Company was not able to file its Audited Financial Statements (AFS) for the year ended December 31, 2017 by March 31, 2018 as required under the rules of the Nigeria Stock Exchange (NSE). Diamond Bank Plc also wrote the NSE to state their […]

Alleged One billion Dollar Investment:Unity Bank Plc Explain Talks with Milost Global Inc

Unity Bank Plc has notified shareholders and other stakeholders that the bank is in talks with an American outfit Milost Global Inc, but said media reports that the investment amounts $1,000,000,000.00(N360billion) is not true. In a statement on the matter signed by Unity Bank’s Company Secretary,Mohammed Shehu,the bank maintained that Pursuant to various Regulators’ advice […]

FCMB Group Declares Gross earnings of N169.8 billion,To Pay 10k Dividend

FCMB Group has released its 2017 financial year declaring a gross earnings of N169.8 billion as against N176.3billion recorded in 2016 As well it aired a Profit before tax of N11.4billion which failed sharply from N16.2billion posted in the previous year . According to the result made available to the Nigerian Stock Exchange(NSE),its profit after […]

UBA’s REDTV launches Season 2 of Inspector K

The online lifestyle network powered by the United Bank for Africa, REDTV, held an exclusive screening for season 2 of the hit series, Inspector K , at Filmhouse Cinema in Lekki, Lagos. Inspector K is a crime comedy about a wacky inspector who through unconventional ways solves crimes in the city of Lagos. He is […]

CCNN Plc Records 157% Increase in Net Profit

Cement Company of Northern Nigeria Plc has published its 2017 Financial Year results, declaring a gross revenue of NGN19.6 billion, representing an increase of 39% over 2016 position while the net profit of NGN3.2 billion is an increase of 157%. According to the company, the board has proposed a final dividend of NGN1.25/s (49% payout).This […]

UBA Plc UK Subsidiary Gets Wholesale Banking Licence

United Bank for Africa (UBA PLC) London subsidiary has obtained regulatory permission to carry out Wholesale Banking activities in the UK. Following this authorization, UBA is now the only Sub-Saharan African bank to conduct banking activities in both New York and London, as well as in 20 other countries across Africa. Speaking on the achievement, […]