Category Archives: Business & Finance News Updates

Gov. Yari seeks cooperation as he presents N135.3b budget for 2019

Governor-Abdulaziz

The Governor of Zamfara state, Abdula’ziz Yari has  presented a budget of N135.32 billion for the 2019 fiscal to the state Assembly for approval. He

Sterling Bank Launches Doubble, Nigeria’s Fastest Investment Portal

Sterling Bank Plc, Africa’s most agile company, has launched a new online investment portal, known as Doubble, to cater to the investment appetite of individuals

NIBSS’ alleged terminal failure rocks e-payment transaction

NIBSS’ alleged terminal failure rocks e-payment transaction

The deluge of dispense error and non-reversal of failed transactions at the Point Of Sale (POS) terminal and ATM, have been largely attributed to the

Community petitions NDDC over abandoned N40m water project

Community petitions NDDC over abandoned N40m water project

The indigenes of the Ekwuoma community in Ika North-East Local Government Area of Delta State have petitioned the Managing Director of the Niger Delta Development

UBA grosses N494b, as profit after tax settles for N79b in 2018

UBA grosses N494b, as profit after tax settles for N79b in 2018

United Bank for Africa Plc (UBA) has achieved N494 billion gross earnings in its 2018 operations, against to N461.6 billion recorded in the corresponding period

Shareholders Approve Transcorp’s Dividend Pay-out

Shareholders Approve Transcorp’s Dividend Pay-out

The Transnational Corporation of Nigeria (Transcorp) Plc, has declared a profit after tax (PAT) of N20.6 billion for the 2018 financial year. This, represented a

SEC seeks mergers of shareholder groups for positive change, economic growth

Securities-and-Exchange-Commission

The Securities and Exchange Commission (SEC) has stressed the need for all registered shareholders’ associations in the Nigerian capital market to form alliance through mergers. This would

332,000bpd crude production grows NNPC’s profit by N12.13bn

332,000bpd crude production grows NNPC’s profit by N12.13bn

The Nigerian National Petroleum Corporation has recorded a trading surplus of N12.13bn, the monthly financial and operations report of the firm for December 2018, which

Post-election apathy, liquidity shortfall pare investors’ fortune

Post-election apathy, liquidity shortfall pare investors’ fortune

A significant shortfall in availability of cash at the disposal of money market operators, occasioned by increased post-election apathy, has continued to fuel persistent sell

Forfeiture claim on Airtel shares false, misleading – Subsidiary of Ecobank Group

Forfeiture claim on Airtel shares false, misleading – Subsidiary of Ecobank Group

O&O Networks Limited, Special purpose vehicle owned by the Ecobank Group says contrary to certain media reports, there is no forfeiture order of the Federal

Nigerians Pay More for Cooking Gas, Kerosene: NBS

NBS: Nigerians Pay More for Cooking Gas, Kerosene

The average price for refilling a five kilogramme (Kg) cylinder for Liquefied Petroleum Gas, otherwise known as cooking gas increased by 1.37 per cent (month-on-month)

World Bank closes nominations for president

World Bank closes nominations for president

The World Bank’s Board of Executive Directors, on Thursday, announced the closing of the period for submitting nominations for the position of the next president

Learn Africa, Transcorp, others lead stock market’s N56 billion loss

Nigerian_Stock_Exchange

Transactions on the trading floor of the Nigerian Stock Exchange (NSE) closed on a downward note yesterday, occasioned by sell pressure in some blue-chip stocks,

Stanbic IBTC to provide N18bn facility for Eland Oil & Gas

Stanbic IBTC to provide N18bn facility for Eland Oil & Gas

Stanbic IBTC, working with its group brand, Standard Bank Group of South Africa, has partnered Eland Oil & Gas,  West Africa with an initial focus