Business news
One of the most outstanding players in the 2017 edition of the annual NNPC/Shell Cup, Ernest Ojelum, has won an International Summer School Scholarship to the United Kingdom. The announcement coincided with a reception to welcome Ernest and the other Most Valuable Player in the 2017 finals, Iyobor Arase, after a weeklong training tour in […]
The Bank of Industry (BoI) and the Ebonyi State Government are to collaborate in a N4 billion matching funds to enhance the fortunes of civil servants in the state through agricultural activities. A statement from the bank on Sunday in Lagos disclosed that the agro-based fund was coming on the heels of a N4 […]
Vice President Yemi Osinbajo has advised oil-producing countries in Africa to plan for a world beyond oil, saying they cannot afford to act differently from the rest of the world. Professor Osinbajo stated this Monday while declaring open the Extra-Ordinary Session of the Council of Ministers of the African Petroleum Producers’ Organization, APPO, in Abuja. “We […]
Transnational Corporation of Nigeria Plc (Transcorp), one of Nigeria’s leading conglomerate,has appointed Mr. Christopher Ezeafulukwe as an Executive Director with effect from July 1, 2018. Mr. Ezeafulukwe, currently the Group General Counsel and Head, Business Development, will in his new role, focus and drive the development of new commercial interests as well as the optimisation of Transcorp’s existing investments […]
The bulls sustained dominance on the Nigeria bourse for the fourth consecutive day, with crucial market indices improving further by 1.58 percent on Thursday. This followed price appreciation by some highly capitalized and medium-size equities with Dangote Cement leading the gainers’ pack with N9.20 to close at N239.20 per share. NASCON followed with a gain […]
The Nigerian Stock Exchange (NSE) has announced gross earnings of N8.30 billion and operating surplus after tax of N3.79 billion for the financial year ended December 31, 2017. The NSE made this known at the presentation of its results for the year ended December 31, 2017 at its 57th Annual General Meeting (AGM) in Lagos, […]
Amaka Obiefuna Stanbic IBTC Bank’s experience, competence and expertise in the provision of custody services in Nigeria has again been reaffirmed as the bank was named the “Best Sub-Custodian” in Nigeria for 2018 by Global Finance magazine. The London-based Global Finance magazine, organiser of the awards, announced winners for the 16th edition of the annual […]
Amaka Obiefuna Seplat Petroleum Development Company Plc, an indigenous oil company, has recorded a profit after tax to the tune of $44 million for the 2017 financial. This result shows that, Seplat has returned to profitability in the third and fourth quarters where net quarterly profit before tax of $24 million and $46 million respectively […]
In commemoration of June 12 , president Muhammadu Buhari has announced June 12 as the new date which Democracy Day will be celebrated in Nigeria. And this date in future years would replace May 29 as a National Public holiday in the celebration of Nigeria’s Democracy Day, he explained. He also conferred a posthumous GCFR title on […]