The National Bureau of Statistics (NBS), says the Nigeria Immigration Service (NIS) generated more than N35.72 billion from passports applications in 2017. The NBS said this in a statistics on Immigration for 2017 posted on its website. Read more at: https://www.vanguardngr.com/2018/04/nigeria-immigration-generates-35-72bn-passports-2017-nbs/ According to the report, the figure is less than the N36.17 billion generated from […]
UBA Celebrates Africa, Honors Staff at 2018 CEO Awards
It was a fun night of glamour and electrifying excitement as Pan African financial services group, United Bank for Africa (UBA) Plc once again gathered together a stunning audience from Across Africa at the 2018 edition of the UBA CEO Awards. The event which was held at Eko Hotels and Suites in Lagos, Nigeria, was […]
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 […]
NSE Says Premium Board is Gold Standard for the Market,As Seplat,Lafarge,UBA ,Access Migrate
By BRIGHT EWULU The Chief Executive Officer (CEO)of the Nigerian Stock Exchange(NSE),Oscar Onyema and its Executive Director,Tinuade Awe have said that the exchange want the Premium Board to be a sort of gold standard for the market. The duo who spoke on the occasion of the migration ceremony for Access Bank Plc,Lafarge Africa Plc,Seplat Petroleum […]
NSE Set to Migrate Access Bank, Lafarge, Seplat and UBA to Premium Board
The Nigerian Stock Exchange (NSE) has said it will be migrating AccessBank Plc, Lafarge Africa Plc, Seplat Petroleum Development Company Plc and United Bank for Africa Plc to its Premium Board on Monday, April 16, 2018 sequel to them applying and meeting the Exchange’s listing requirements for the board. The Premium Board is the listing […]
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 […]
NSE Records N123bn Drop in Foreign Transactions,As World Bank Discuss Lending with FG
Foreign portfolio investors’ transactions at the Nigerian Stock Exchange dropped by N123bn in the first two months of 2018. Domestic transactions fell to N128.83bn in February from N274.32bn recorded in December, according to the NSE Domestic and FPI Report obtained by our correspondent on Tuesday. Foreign portfolio investment stood at N83.22bn in February, compared to […]
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, […]
UBA Plc Proposes Final Dividend of N0.65k per share
The Directors of United Bank for Africa Plc has proposed a final dividend of N0.65k per share (31 December 2016: N0.55 per share) from the retained earnings account of the group as at 31 December, 2017. This proposed final dividend and the N0.20k per share interim dividend paid in September 2017 will be presented to […]
Dangote Cement Plc Gross N805.6 Bn ,Recommend N10.50 Dividend per share
Dangote Cement Plc has announced its financial year 2017 results with a group revenue of NGN805.6 billion increased by 31% compared to the position in 2016 and Profit After Tax of NGN204.3 billion,representing 43% of the previous years. The board of the company has recommended a dividend per share of NGN10.50 equating to a yield […]
Ecobank Plc Returns To Profitability with N70 Billion Profit After Tax
Ecobank Transnational Incorporated (ETI), the parent company of Ecobank Group, has recorded a profit after tax (PAT) of N69.992 billion for the year ended December 31, 2017, which is a recovery from a loss of N52.6 billion in 2016. It would be recalled that ETI grew its earnings by 22.3 per cent from N542.7 billion […]