All posts tagged "headline"

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  FirstBank expands to Sierra Leone

  First Bank of Nigeria Limited, a subsidiary of FBN Holdings Plc said it has expanded its footprint Sierra Leone with the unveiling of FBNBank Sierra Leone, formerly registered as International Commercial Bank (ICB). The development came on...

  • Posted April 14, 2015
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  Interbank rates jump as CBN plans cash withdrawal

  The Central Bank of Nigeria’s plan to withdraw N72bn from Deposit Money Banks to enforce its Cash Reserve Requirements has triggered a surge in demand for funds on the interbank market. The development has led to a...

  • Posted April 14, 2015
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  FG earns N9.4tn from Shell in five years

  Shell Petroleum Development Company of Nigeria Limited paid to the Federal Government a total of $48bn (N9.46tn) in royalties and taxes from 2010 to 2014, Royal Dutch Shell Plc, the parent company of the SPDC, has said....

  • Posted April 14, 2015
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  WEF, Dangote Foundation promote economic growth in Africa

  The World Economic Forum and Dangote Foundation have collaborated to boost capacity-building and economic growth across Africa. As a result, the Dangote Foundation said 13 out of the 17 Africans recognised as the Young Global Leaders in...

  • Posted April 14, 2015
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  UBA Bond lifts NSE’s debt market capitalisation to N5.564tn

  The listing of United Bank for Africa(UBA) Plc’s N30.5 billion  on the Nigerian Stock Exchange (NSE) lifted the debt sector of the exchange to N5.564 trillion of the exchange. Prior to the listing of the UBA bond,...

  • Posted April 14, 2015
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  May & Baker recovers, records N101m profit before tax

  May & Baker Nigeria Plc said it last year overcame the  challenges associated with building and depreciating its world pharmaceutical plant  and bounced into profitability. The audited results of the company for year ended December 31, 2014,...

  • Posted April 14, 2015
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  Transcorp announces record group revenue of N41.3bn

  Transnational Corporation of Nigeria Plc (Transcorp) has announced a revenue ofN41.3 billion for the year ended December 31, 2014, indicating an increase of 120 per cent over N18.8 billion in earned in the corresponding period of 2013....

  • Posted April 13, 2015
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  Oando’s oil reserves increased by 82%, worth $1.8bn

  Oando Energy Resources Incorporated, a wholly-owned subsidiary of Oando Plc focused on oil and gas exploration and production in Nigeria, says it has significantly increased its oil reserves as a result of technical revisions and the acquisition...

  • Posted April 12, 2015
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  NATCOM makes full payment for NITEL

  The preferred bidder for Nigerian Telecommunications Limited, NATCOM Consortium, has paid $176,575,700 (N29, 696,469,600) as the outstanding amount for the acquisition of the Federal Government-owned company. The amount represents the outstanding 70 per cent of the $252,521,000...

  • Posted April 12, 2015
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  SEC tasks shareholders on growth of companies

  The acting Director General of the Securities and Exchange Commission (SEC), Mounir Gwarzo, has urged shareholders to increase their monitoring of companies with a view to contributing to their growth. Speaking at a seminar organised by Independent...

  • Posted April 11, 2015
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