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Agusto Consulting has cautioned the federal government over its plan to relinquish national assets to private hands, saying, the risk involved is unquantifiable.
Following the completion of all regulatory procedures, Grobank Limited has been officially renamed Access Bank South Africa Limited. The deal was finalised after Access Bank’s acquisition of controlling shares in the former Grobank Limited, South Africa.
A total of 11 listed banks have declared a cumulative N308.206 billion dividends to their numerous shareholders in their respective 2020 financial year, in a move to give these investors good returns on investment, according to a report.
Leading Tier-1 deposit money bank (DMB), Zenith Bank Plc granted expansive facilities in loans and advances totaling N11.3 trillion in the past five years: 2016-2020, data from its annual reports has revealed.
The Abuja Chamber of Commerce and Industry (ACCI) has called on the Federal Government to immediately set up a Presidential Commission on Cryptocurrency in view of recent developments in the digital and Cryptocurrency space in Nigeria and internationally.
The Securities and Exchange Commission, SEC, has given Capital Market Operators, CMO, April 30, 2021, as deadline to renew their operation licences.
The Debt Management Office (DMO) announced the auctioning of three federal government bonds of N150 billion at N1,000 per unit.
A total of 44 companies quoted on the Nigerian Stock Exchange, NSE, may face sanctions from the Exchange for failing the timeline in rendition of 2020 audited financial results.
Mastercard has sealed a pact with wireless operator Airtel Africa that will see it procure a minority interest in the telco’s mobile money division, Airtel Mobile Commerce BV (AMC BV).
The Securities and Exchange Commission (SEC) has cautioned potential capital market investors against putting their monies in fraud schemes that promise unwarranted high returns.
Ekiti State, one of the shareholders of Wema Bank Plc, has reduced its stake in the bank by 666.670 million from 1.191 billion shares. Ekiti, Oyo, Ogun, and Osun States are shareholders in Wema Bank. While Oyo, Osun, and Ogun held 666.670 million or 1.73 per cent each, Ekiti held 1.191 billion or 3.09 per cent as at December 31, 2019.
The company, in its audited results for 2020 released on the Nigerian Stock Exchange (NSE), reported a 37.7 per cent year-on-year (YoY) growth in profit after tax to N276.1 billion. Earnings were notably bolstered by stellar revenue growth, improved operating efficiency and lowered net finance expense.
Dangote Industries Limited has expressed its determination to always come out with strategies that will boost business opportunities in Nigeria.
The stock market swung back into positive territory yesterday following the retention of the Monetary Policy Rate, MPR, at 11.5 per cent by the Central Bank of Nigeria, CBN, in its second Monetary Policy Committee, MPC, meeting of the year.
The authorization for the Nigeria Stock Exchange (NSE) to list at the Exchange will deepen the market and boost the economy, Mr. Boniface Okezie, a Capital Market Operator, says.
Nigeria’s biggest public company Dangote Cement Plc said it would pay shareholders N16 for every share held in the company for the 2020 financial year, translating to a total dividend payout of N272.648 billion, a note published by the Nigerian Stock Exchange (NSE) on Friday.
The Debt Management Office (DMO) has listed its third Sovereign Sukuk “N162.557 BILLION 7-YEAR 11.200% AL IJARAH SOVEREIGN SUKUK DUE 2027” on The Nigerian Stock Exchange and the FMDQ Securities Exchange.
The Independent National Electoral Commission (INEC) headquarters in Enugu was on Sunday night gutted by fire barely one week after the office in Obollo-Afor, Udenu was razed.
Kaduna-based Islamic cleric, Sheikh Ahmad Gumi, has revealed that several Boko Haram commanders are willing to surrender and urged the federal government to use proper engagement to negotiate with the group.
Paris St Germain clung on to their hopes of winning a fourth consecutive Ligue 1 title with a 4-0 home win against 10-man Stade de Reims as Lille’s lead was cut to a single point with one game remaining on Sunday.
An elder statesman and former Minister of Information, Chief Edwin Clark, has cautioned against calls for secession in some parts of the country.
According to Buhari’s spokesperson, Garba Shehu, the summit will draw major stakeholders in the global finance institutions and some Heads of Government, who will, collectively, discuss external funding and debt treatment for Africa, and private sector reforms.
There was a heavy presence of police, men of Nigeria Security and Civil Defence Corps, at Nelson Mandela Freedom Park, Osogbo, the venue of the Yoruba Nation Mega Rally on Saturday.
The wife of Enugu State Governor, Mrs. Monica Ugochi Ugwuanyi has called on women to pray fervently for God’s intervention in the security and economic challenges confronting the nation.
Four people have been killed in a crossfire between the Nigeria Customs Service operatives and unknown gunmen suspected to be smugglers in Iseyin.
The Imo state governor, Hope Uzodinma, yesterday asked Muslims in the country to use the opportunity of the celebration of Eid-el-Fitr, to assist the needy in society.
The Lagos Division of the Court of Appeal yesterday set aside the conviction of four companies allegedly connected with the former first lady, Patience Jonathan.