All posts tagged "headline"

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  Transcorp targets N30bn profit in 2014

  The Chief Executive officer of Transnational Corporation of Nigeria (Transcorp), Mr. Obinna Ufudo, yesterday told shareholders that the company is targeting a profit before tax of N30 billion. Ufudo stated this while responding to questions by the...

  • Posted April 2, 2014
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  Nigeria, others lose $60bn yearly to illicit financial flows – Mbeki

  Former South African President, Thabo Mbeki, has said that African countries lose between $50 billion and $60 billion annually through illicit financial flows (IFF). The News Agency of Nigeria (NAN) quoted Mbeki to have said this in...

  • Posted April 2, 2014
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  Wema Bank divests from GNI

  WEMA Bank Plc on Monday said it had divested its majority stake in Great Nigeria Insurance Plc. A statement by the bank quoted the bank’s Head, Brand Management and Research, Mr. Tunde Lawanson, as stating this. Lawanson...

  • Posted April 2, 2014
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  Amangbo replaces Emefiele as Zenith Bank’s GMD

  Zenith Bank Plc, the nation’s third-biggest lender by assets, has named long-serving Mr. Peter Amangbo as its new chief executive officer. This came barely one week after its current Group Managing Director/CEO, Mr. Godwin Emefiele, was confirmed...

  • Posted April 2, 2014
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  FCMB’s profit rises by 12%

  The FCMB Group Plc has reported a 12 per cent rise in its profit before tax for the financial year ended December 31, 2013. The bank’s results released to the Nigerian Stock Exchange on Monday, showed that...

  • Posted April 2, 2014
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  Country size, threat to broadband plan – Minister

  The large size of the country and getting state governments from different political parties to implement the federal policies on broadband may be major challenges facing the Ministry of Communication Technology and other stakeholders as far as...

  • Posted April 2, 2014
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  Investors lose N960bn in 3 months as NSE market value drops by 7.3%

  Investors in the Nigerian capital market lost N960 billion between January and March this year. The Nigerian Stock Exchange, NSE, market capitalisation dropped by 7.3 per cent to close at N12.27 trillion last Thursday from N13.23 trillion ...

  • Posted April 1, 2014
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  Access Bank inaugurates e-Branch

  As part of efforts to promote inclusive banking and the cashless policy, Access Bank Plc has opened a self-service electronic branch in Ikota, Lagos State. The bank said the self-service banking service is its innovative response to...

  • Posted April 1, 2014
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  CSCS boss explains West African Capital Market Integration

  The Chief Executive Officer, Central Securities Clearing System (CSCS), Mr. Kyari Bukar, has said that the ongoing integration of capital markets in West Africa will create more opportunities for investors in the region. Bukar explained that the...

  • Posted April 1, 2014
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  We’re ready for Cat-1 – NCAA

  The Nigerian Civil Aviation Authority has reiterated its readiness for the reassessment by the United States’ Federal Aviation Administration of its Category One status slated to commence today (Monday). A statement signed by the Acting Director-General, NCAA,...

  • Posted April 1, 2014
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