Category: Local News

21 ViewsAs Nigeria engages key African countries ahead of the Organisation of Oil Exporting Countries and allies ((OPEC+) meeting due next week, indications emerged yesterday that the cartel may consider a reduction of the...

27 ViewsWema Bank Plc yesterday released its unaudited results for the year ended December 31, 2020, showing marginal decline in top and bottom-lines. The financial institution recorded gross earnings of N80.852 billion in 2020,...

26 ViewsAn official of Oando Plc yesterday said the company has appealed a court ruling of a Federal High Court sitting in Abuja, which Thursday, struck out three cases filed by it and some...

15 ViewsFMDQ Securities Exchange Limited has announced the approval of the quotation of the Valency Agro Nigeria Limited N5.12bn Series 1 Commercial Paper under its N20bn CP Programme on its platform. The Exchange said...

20 ViewsThe international oil benchmark, Brent crude, rose further on Wednesday to $67 per barrel, compared to Nigeria’s budget benchmark of $40 per barrel. For Nigeria, which relies on crude oil for about 50...

13 ViewsBharti Airtel Limited said on Tuesday it will work with United States chipmaker, Qualcomm for 5G services in India, as telecom firms in the world’s second-largest wireless market gear up to usher in...

11 ViewsSUNU Assurances Nigeria Plc said it accomplished a 100 per cent subscription in the private placement exercise it did recently to raise its capital base. Its Managing Director, Samuel Ogbodu, who disclosed this...

19 ViewsSequel to the order of Honourable Justice C.J. Aneke of the Federal High Court, Lagos Division, the Asset Management Corporation of Nigeria (AMCON) has taken over assets belonging to 14 directors of Deap...

27 ViewsThe Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has said the bank’s decision to prohibit deposit money banks, non-banking institutions and other financial institutions from facilitating trading and dealings in...

42 ViewsUnited Capital Plc recorded well-rounded performance in 2020 with double-digit growths in turnover and profitability. Key extracts of the audited report and accounts of United Capital for the year ended December 31, 2020...

16 ViewsFMDQ Securities Exchange has registered the Parthian Partners Limited N20 billion Commercial Paper (CP) Programme to its platform as part of its efforts to assist corporates access funds from the debt capital market...

12 ViewsThe price of Automotive Gas Oil, also known as diesel, has risen to a high of N250 per litre, with businesses taking a beating on the back of rising energy costs. Our correspondent...

22 ViewsThe Nigerian Stock Exchange (NSE) yesterday lifted its suspension on LASACO Assurance Plc after the insurance company completed its share capital reconstruction. In a circular, the NSE stated that “the full suspension placed...

13 ViewsExperts have called for incentives to attract retail investors and create sufficient local capacity to counter the effects of fleeing foreign portfolio holders. The stakeholders argued that the lull witnessed in the market...

16 ViewsThe leadership of the National Assembly on Monday expressed concern over the low implementation of the 2020 budget despite the three-month extension granted the executive arm of government to implement the capital component...

17 ViewsA.M. Best Rating Services has assigned a ‘bb+’ rating and stable outlook on Custodian and Allied Insurance Limited, after an independent analysis of its operations. According to AM Best, “the stable outlook reflects...