Sterling Bank commences N30bn Commercial Paper programme
Sterling Bank has announced plans to raise up to N30 billion in its series 1&2 commercial paper program. The series 1 &2 are with a tenor of 177 and 260 days respectively, with an…
Author
Coronavirus: Tailwind drives gain in tech stocks as firms adopt remote working
As the global markets continue to grapple with the effect of deadly coronavirus, investor appetite is shifting towards stocks of companies that are perceived to benefit from the growing…
Ardova plc: Will focus on alternative energy change its topline growth?
Nigeria’s downstream sector of the oil and gas industry is laden with several industry headwinds. Despite the discovery of crude oil in Nigeria some 64years ago, the sector is still evolving…
Seplat’s profit surges 13.5% on tax incentives despite lower production, oil price
Seplat Petroleum Development Company Plc, Nigeria’s largest listed Oil & Gas firm by market value, rode on a tax holiday to increase its profit by 13.5 percent despite lower production…
Zenith Bank pegs international withdrawal on naira cards amid dollar crunch
As the race to buy foreign currency heats up, tier-1 lender, Zenith Bank has reviewed the international spending limit on the bank’s naira card to $1,000 per month.
In a notice to…
Saudi Aramco’s 2019 profit slumped 21% on low oil price, cuts spending amid price war
In response to the double-whammy impact of oil crash and spread of coronavirus, the world’s most profitable company, Aramco, has announced plans to cut spending by 24percent to between…
Lafarge rises by most in 9-months on bargain hunting
Barely 24hours after announcing its closed period in preparation for the consideration of its 2019 audited financial result, shares of cement-maker, Lafarge surged 10percent, the highest…
FG faces oil slump with all indicators worse than in 2008
Nigeria doesn’t have the buffers it did in 2008 to shrug off an oil-induced global recession, leaving the economy more vulnerable to a fiscal and monetary crisis this time around.
“The…
Autusbridge Consulting set to host sales and marketing professionals
Leading business solutions provider in Nigeria, Autusbridge Consulting Limited, is set to host global players, entrepreneurs and sales and marketing professionals at a one-day sellers'…
Access Bank’s Q4 ‘2019 profit jumps 2.7% to N97.5bn
Access Bank’s gross earnings for full year 2019 ended 31st December, grew 26.1percent to N666.8billion from N528.7billion in full year 2018. Profit before tax grew by 11.8percent to…