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  • Nigerian billionaire Mike Adenuga offers $600m for Ivorian mobile phone company

    Nigerian billionaire Mike Adenuga has made a bid to buy Ivorian mobile telecoms operator Comium Cote d’Ivoire. According to Telegeography, Globacom, a Nigerian mobile telecoms operator owned by Adenuga, is lodging a $600 million takeover bid for...

    • Posted May 6, 2015
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  • Weak Fiscal Buffers to Confront Incoming Administration

    Nigeria’s weak fiscal buffers and election spending have created a fiscal gap that must be bridged to enable the incoming government perform its duties effectively. To this end, analysts have advised the incoming administration of Major General...

    • Posted May 5, 2015
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  • Capital adequacy ratio of 5 banks falls below 10% requirement

    The Capital Adequacy Ratio (CAR) of five deposit money banks (DMBs) were less than 10 percent required minimum, while 16 banks rose above it in December 2014, according to the Central Bank of Nigeria (CBN). CAR, also...

    • Posted May 5, 2015
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  • LASAA, LAWMA Partner to Remove, Recycle 1.5m Campaign Posters

    In the aftermath of the 2015 elections, the Lagos State Signage and Advertisement Agency (LASAA) and Lagos State Waste Management Authority (LAWMA) have developed how to remove and then recycle waste generated from about 1.5 million political...

    • Posted May 5, 2015
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  • Wapic Insurance gross premium up 38% to N5.2 bn

    A strategic restructuring targeted at re-positioning Wapic Insurance Group as a customer focused and result oriented institution is beginning to yield result, as the firm has returned to profitability growing its bottom-line to N237 million in 2014...

    • Posted May 5, 2015
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  • KDB Daewoo Invests $72m in Boeing

    Leading Asian investment banking firm, KDB Daewoo Securities, has signed a US$72 million deal to invest in Emirates’ Boeing 777-300ER aircraft. It broke the deal for a group of domestic investors and itself. The company last year...

    • Posted May 5, 2015
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  • Investor responds to market demand, plans retail malls in FCT

    The strong demand for modern shopping centres by new and existing retail brands (local and foreign), seeking more foothold in Nigeria’s evolving retail market is, increasingly, gaining momentum especially at uptown neighbourhoods. The demand, which is fuelled...

    • Posted May 5, 2015
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  • Union Bank Finances N4bn Gas Plant Project

    Union Bank of Nigeria Plc has signed a N4 billion agreement to finance Egboama Gas Plant owned by PNG Gas Limited. A statement from the bank explained that the facility would will provide the required funding for...

    • Posted May 5, 2015
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  • E-dividend mandate’ll reduce unclaimed dividend – Shareholders

    Electronic Dividend (e-dividend) was introduced to forestall the rising incidence of unclaimed dividend in the Nigerian Capital Market. Shareholders who spoke with Vanguard Investors Forum, explains how e-dividend work and its benefits over paper dividend. Excerpts: Mr....

    • Posted May 5, 2015
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  • Kaduna Electric Alerts of Plot to Sabotage Its Operations

    The management of Kaduna Electric has alerted the public on efforts by some disgruntled elements to sabotage its operations. It accused some members of the immediate past management team of the company and some of those who...

    • Posted May 5, 2015
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  • Six banks top human capital value-added in 2014

    Six Nigerian banks have been identified as having the highest positive human capital value-added for Financial Year 2014 down from eight that made it in 2013. A research conducted by Thaddeus Investment Advisors & Research Ltd has...

    • Posted May 5, 2015
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  • South African groups to double Nigeria investments

    As xenophobia diplomatic tension between Nigeria and South Africa dies down, South African companies are taking bullish positions on the Nigerian economy, apparently crowding out local competition. Two of the South African companies have, Pepkor and Shoprite,...

    • Posted May 4, 2015
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  • Rising debts: Oil marketers may sack workers

    Downstream operators in the nation’s petroleum sector are under pressure to reduce their staff strength and constrain operations, following rising debts in the sub-sector, according to findings by our correspondent. The oil marketers, as the operators are...

    • Posted May 4, 2015
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  • Nigerian banks cut dividends as capital needs spur earnings retention

    Nigerian banks are cutting their dividend payouts to shareholders as the need to conserve capital due to Basle 2 requirements leads them to retain earnings. “Banks are increasing dividend retention ratios,” said Muyiwa Oni, a bank analyst...

    • Posted May 4, 2015
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