Business news
AMAKA OBIEFUNA Guinea Insurance has announced a Gross Premium Income increase of 16.6 percent amounting to N1.01 billion as against N867.99 million recorded in 2014. Profit Before Tax increased by 226 percent amounting to N47.0 million as against N14.4 million recorded in 2014. Loss for the year decreased by 91.2 percent amounting to N7.2 million […]
AMAKA OBIEFUNA Nigeria’s leading bank, the Heritage Bank Plc in partnership with a House of Representative member in Lagos State has organised a one day seminar to educate students about the techniques required to scale the JAMB 2017 calendar huddle in aspiration for admission into tertiary institutions in the country. The seminar, which had no […]
AMAKA OBIEFUNA The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the policy rates, just ast it expressed optimism that the rate between the official and parallel market would converge further. The committee agreed to retain the rates after assessing the global and domestic economic and financial environment for the […]
Shareholders of Zenith Bank Plc approved final dividend of N55.573 billion, bringing the total dividend for the year ended December 31, 2016 to N63.422 billion. The shareholders gave the approval at the Annual General Meeting (AGM) held in Lagos. While approving the dividend, the shareholders commended the board, management and staff for growing its profit […]
Winifred Bosa. The House of Representatives is to investigate the production and distribution of drinks made by the Nigerian Bottling Company and other companies producing soft drinks in the country. This resolution followed a motion on the need to protect Nigerians from harmful effects of Fanta and Sprite Beverages produced by the Nigerian Bottling Companies. […]
Amaka Obiefuna. Renowned rating agency, Fitch on Wednesday explained why Nigerian banks will face further challenges in 2017, following an extremely difficult 2016. The organisation in its Peer Review reports said the slow economic growth, low risk appetite from banks to translate into subdued credit growth and weak core earnings generation in 2017 were likely […]
Winifred Bosa. The authorities of the Ahmadu Bełlo University, Zaria, has explained why it is yet to speak on the alleged certificate scandal against Senator Dino Melaye representing Kogi-West senatorial district of Kogi State. The Information Officer of the institution, Mr. Adam Mohammed, had promised that the management would take a decision on the matter […]