Nigerian exchanges collaborate for greater global competitiveness

The Nigerian capital market will on today, August 8, 2018 witness the launch of the Association of Securities Exchange of Nigeria (ASEN) at The Nigerian Stock Exchange event centre in Lagos. ASEN, Nigeria’s first association of domestic securities exchanges, is a non-profit industry association established to accelerate the development of domestic securities exchanges and support […]

UBA’s Leo launched on WhatsApp

Pan-African Financial Institution, United Bank for Africa (UBA) who recently clinched the Euromoney awards as the Best Digital Bank in Africa, is once again asserting itself as a pace setter, moving in leaps and bounds in unchartered territory. UBA’s chat banker, Leo has launched in pilot mode on WhatsApp and will be fully available to […]

Fidelity Bank Plc ,WorldRemit Goes into collaboration

Fidelity Bank Plc and WorldRemit has gone into partnership to provide instant money transfers to customers of the bank. According to the bank the new partnership further expands WorldRemit’s footprint in the country and allows the 15 million-Nigerian Diaspora to send money directly from their phones to recipients in Nigeria. According to the statement, the […]

Jim Ovia Writes a Book:‘Africa Rise And Shine: How a Nigerian Entrepreneur from Humble Beginnings Grew a Business to $16 billion”

The Chairman of Zenith Bank Plc, Mr. Jim Ovia, has advised budding entrepreneurs not to be dissuaded by whatever challenges they might be facing presently, just as he narrated how he founded a bank with N20 million in 1990, despite the uncertain business environment during the military era. Speaking in an interview on Bloomberg TV […]

TRANSCORP HOTELS PLC Increase Half Year Profit BY 85%

TRANSCORP HOTELS PLC Increase Half Year 2018 PROFIT BY 85% Transcorp Hotels Plc. has announced its Unaudited Financial Statements for the period ended June 30, 2018. The company showed significant growth over same period last year recording a turnover of N8.01billion, Profit Before Tax of N2.02billion and Earning Per Share of 17.84 Kobo. Transcorp Hotels […]

Why Shareholders Want AMCON to Close Shop at Ten

Majority of Nigerian bank shareholders has been mouthing complaints and insisting that Asset Management Company(AMCON)which was planned to work for ten years and close shop,should do just that. The problem,however ,is that AMCON managers has over the last couple of months been making moves to elongate its tenure via various options including the National Assembly;claiming […]

Ecobank Nigeria Appoints Akinwuntan MD Designate

The Board of Directors of Ecobank Nigeria Limited has announced the appointment of Patrick Akinwuntan as the Managing Director (MD) designate of the bank. This followed the recent resignation of the MD of the bank, Charles Kie. A statement from the bank stated that the appointment is subject to the approval of the Central Bank […]

DMO Lists N10.69bn FGN Sovereign Green Bond on NSE

The Nigerian Stock Exchange (NSE) has announced the listing of the N10.69billion, 5-year, Federal Government Sovereign Green Bond at coupon rate of 13.48% on theExchnage by Debt Management Office (DMO) on Friday, July 20, 2018. On the same day, the NSE also held a pre-listing conference for market participants, themed, ‘Exploring the Green Financing Opportunity: […]

Elumelu’s N500M Delta State Pledge ups his Planned investment on Nigerian entrepreneurs to N4.4 billion

Tony Elumelu Foundation (TEF) Founder and Chairman of United Bank for Africa (UBA), Tony O. Elumelu, has pledged N500 million to create an entrepreneurship programme exclusive to indigenes of Delta State. He made the commitment after presenting 50 beneficiaries of the TEF Entrepreneurship Programme to Governor Ifeanyi Okowa. “Your Excellency, on behalf of the Heirs […]

Registration opens for 2018 ASEA Annual Conference-NSE

The Nigerian Stock Exchange ( NSE) has announced that registration is now open for the 22nd Annual African Securities Exchange Association (ASEA) Conference to be held on November 26 and 27, 2018 at Oriental Hotel, Lagos, Nigeria. According to a release by the NSE “Attendees can register via the dedicated conference website, at www.asea-ngx2018.com. A […]

BOC Gases May Give Bonus Next Year-Chairman

The Chairman of BOC Gases,Abiodun Alabi has said that the company will look into the possibility of giving the shareholders a bonus next year,saying that issues with its book of accounts made it impracticable to give a bonus in the year in review . Alabi who disclosed this during the company’s annual general meeting(AGM)which held […]

Newrest ASL Shareholders Excited By 18k Dividend

Newrest ASL Shareholders expressed their excitement over the 18k dividend recommended by the board of the bank which they approved,saying that the payment was a good one given the situation of the economy back in 2017. Speaking at the annual general meeting which held at Radisson Blu Hotel,Ikeja,Lagos a shareholder,Jideuno Uche said the company has […]

Transcorp Appoints Owen Omogiafo as Executive Director

Transnational Corporation of Nigeria Plc (Transcorp), one of Nigeria’s leading conglomerates, has appointed Mrs. Owen Omogiafo as an Executive Director with effect from July 1, 2018. She will in her new role support in driving and delivering on Transcorp’s strategic ambitions as the conglomerate continues to fulfil its special mission of lighting homes, schools, and […]

BOC Gases will Hit N5Bn Revenue 2020-MD

The Managing Director of BOC Gases Plc,Mr Ayodeji Oseni has promised that his company will unfailingly hit N5billion revenue by year 2020 and has asked the brokerage firms on the Nigerian Stock Exchange(NSE) to adequately advise their clients as to the goodies BOC Gases is bringing to the table. Oseni who made the above revelation […]