All posts by BusinessNews Staff

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  NSE Lists First Monument Bank Group as Holdco

  First City Monument Bank (FCMB) Group Plc was Monday listed on the Nigerian Stock Exchange (NSE) as a holding company after completing all regulatory and legal processes required for the setting up of a holding company to...

  • Posted June 25, 2013
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  Transcorp records profit before tax of N2.9b

  TRANSNATIONAL Corporation of Nigeria Plc (Transcorp), a diversified conglomerate with strategic interests in the energy, hospitality and agriculture sectors, held its seventh yearly general meeting last week in Abuja. The company presented its audited financial statements prepared...

  • Posted June 25, 2013
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  Keystone Bank targets 15% loan book growth in 2013

  THE management of Keystone Bank Limited, at the weekend, projected a modest 15 per cent growth in loan book this financial year. The bank also intends to improve in other key financial indicators such as profit and...

  • Posted June 25, 2013
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  Aba Geometrics Power begins distribution July

  The $460 million indigenous private power generation company, Geometrics Power Limited, is to start generation and distribution of power next month. Speaking with reporters at the plant’s premises at Osisioma near Aba after hosting the leaders and...

  • Posted June 25, 2013
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  Nigeria moves 8 steps up in latest GDP ranking

  Nigeria’s Minister of National Planning, Dr Shamsuddeen Usman, says the country has moved eight steps in global ranking on Gross Domestic Product,GDP,basis in the last three years. Speaking on Monday in Abuja at a ministerial platform, Usman...

  • Posted June 25, 2013
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  Rivers state developing an alternative economy – Dr. Parker

  The Chairman of Integrated Medical Industries,IMI, Dr. Sampson T. Parker says the Rivers State Government led by Rt. Hon. Chibuike Amaechi is developing an alternative economy that will compete with the current oil based economy. Dr. Parker,...

  • Posted June 24, 2013
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  Harry Akande appeals court ruling over land dispute

  Business mogul, Chief Harry Akande, has filed an appeal against last week’s high court judgement, which set aside the late Justice Kayode Eso’s Court of Arbitration ruling that the Federal Airport Authority of Nigeria, FAAN, hindered the...

  • Posted June 24, 2013
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  Sterling Bank’s N12.5b rights issue opens

  APPLICATION list for the N12.5 billion rights issue of Sterling Bank Plc opens today, paving the way for existing shareholders to increase their shareholdings in the high-return bank. The opening of application list followed the completion of...

  • Posted June 24, 2013
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  Julius Berger’s turnover hits N196.9bn, pays N3bn dividend

  The Group’s Profit Before Tax also increased by 24 per cent to N12.34 billion in 2012 from N9.93 billion in the previous year. The company’s profit after tax increased to N8.02 billion up from the N4.411 billion...

  • Posted June 22, 2013
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  We did not order freezing of accounts of religious groups – CBN

  The Central Bank of Nigeria, CBN, on Friday denied reports that it had ordered the freezing of accounts of religious groups over alleged links to terrorist groups. Director, Corporate Communications, Ugochukwu A. Okoroafor, in a statement obtained...

  • Posted June 21, 2013
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