Don't Miss


All posts by BusinessNews Staff

  • FBN declares N70.63bn profit in 2013

    First Bank of Nigeria Holdings (FBNH) Plc on Tuesday posted a profit after tax of N70.63 billion for the financial year ended Dec. 31, 2013. The News Agency of Nigeria (NAN) reports that this was against the...

    • Posted April 29, 2014
    • 0
  • Shareholders laud UBA performance in 2013, approve dividend payout

    Shareholders of the United Bank for Africa (UBA) Plc, last Friday unanimously endorsed the bank’s annual report and accounts for the year ended 31 December, 2013 just as they commended the board and management for sustaining the...

    • Posted April 29, 2014
    • 0
  • FirstBank boosts capacity development with SMEConnect Open Seminar Series

    As part of its support for the sustained development of the Small and Medium Enterprises (SMEs) sectors of the Nigerian Economy, FirstBank through its SMEConnect platform has created Open Seminars which will take place in various parts...

    • Posted April 26, 2014
    • 0
  • Nokia completes sale of handset business to Microsoft

    The Finnish telecommunications group, Nokia, on Friday said that it had completed the sale of “substantially all” of its handset business to the US software giant, Microsoft. The 5.44-billion-euro (7.2-billion-dollar) deal was unveiled in September, but Nokia...

    • Posted April 25, 2014
    • 0
  • NSE market capitalisation loses N38bn in bearish trading

    Transactions on the Nigerian Stock Exchange (NSE) declined further on Friday as the market indicators dropped by 0.29 per cent. The News Agency of Nigeria (NAN) reports that due to the depreciation, the market capitalisation lost N38...

    • Posted April 25, 2014
    • 0
  • UBA shareholders approve N16.49bn dividend

    The shareholders of United Bank for Africa (UBA) on Friday approved N16.49 billion total dividend declared by the bank for the financial year ended Dec.31, 2013. The shareholders gave the approval at the bank’s 52nd Annual General...

    • Posted April 25, 2014
    • 0
  • FirstBank leads corporate sector as Nigeria hosts the World Economic Forum on Africa

    As Nigeria continues to play a crucial role in advancing the continents growth through creation of business opportunities and enabling environment, First Bank of Nigeria Limited, Nigeria’s Number One Banking Brand has once again pledged its support...

    • Posted April 24, 2014
    • 0
  • NSE market capitalisation increases by N59bn

    The market capitalisation of the Nigerian Stock Exchange (NSE) on Wednesday grew by N59 billion or 0.46 per cent, to close at N12.889, from the N12.830 trillion recorded on Tuesday. The News Agency of Nigeria (NAN) reports...

    • Posted April 23, 2014
    • 0
  • All-Share Index rises by 0.24 per cent at NSE

    Transactions on the Nigerian Stock Exchange (NSE) on Tuesday ended on a positive trend as the All-Share Index (ASI) rose by 0.24 per cent. The News Agency of Nigeria (NAN) reports that the ASI appreciated by 96.75...

    • Posted April 22, 2014
    • 0
  • ABU makes breakthrough in refining

    The Petroleum Technology Development Fund (PTDF) said Ahmadu Bello University (ABU), Zaria, has announced a breakthrough in refining crude oil with local raw materials. This is contained in a statement issued by Mr Kalu Otisi, Head, Press...

    • Posted April 22, 2014
    • 0