Companies

Companies

Sovereign Trust Insurance sees growth in rising population, low penetration

BusinessDay Nov 11, 2014

Underwriting firm, Sovereign Trust Insurance plc has noted growth opportunities in Nigeria’s burgeoning economy, rising population, low insurance penetration and...

Companies

Dangote Cement explains cut in cement price

Modestus Anaesoronye Nov 11, 2014

The management of Dangote Cement plc at the weekend assured that it would evolve a monitoring process that will ensure...

Companies

Flour Mills opens biggest palm oil refinery in Ibadan

Dominic Ochapa Nov 11, 2014

Rom Oil Mills Limited, an automated edible oil refinery and margarine company was at the weekend commissioned by Oyo state...

Companies

FCMB’s $300m loan will be used primarily for lending purposes – Edun

BusinessDay Nov 10, 2014

Yemisi Edun is the chief finance officer (CFO), First City Monument Bank Limited. She is an experienced accountant and financial...

Companies

Snapshot of cement makers Q3 performance

BusinessDay Nov 10, 2014

We will be analysing cement makers third quarter performance viz a viz the challenges and opportunities in the industry. Nigeria...

Companies

Union Bank rebounds to growth as Q3 profit up 6.73 percent

BusinessDay Nov 10, 2014

Union Bank Nigeria plc has rebounded to growth as third quarter profit rose 6.73 percent, a remarkable improvement despite harsh...

Companies

Arco Group grows gross earnings by 10 percent to N5.9bn pays 25k dividend

BusinessDay Nov 10, 2014

Riding on the successful outing of its subsidiaries and the positive impact of the Local Content Act in the Oil...

Companies

Businesses at risk from Africa’s fledgling education system – WEF global outlook

BusinessDay Nov 10, 2014

Business moving into Nigeria will now have to take into account the added risk of relevant skill unavailability as they...

Companies

Stock Outlook

BusinessDay Nov 10, 2014

Oil trend to determine stock movement Nigerian markets which have been in freefall lately may continue their decline this week...

Companies

NDIC boss charges banks to strive for value creation policies

BusinessDay Nov 10, 2014

Umaru Ibrahim, the managing director/chief executive of the Nigeria Deposit Insurance Corporation (NDIC), has stated that there is need to...

Companies

Brent in longest weekly decline since 2001

BusinessDay Nov 10, 2014

Brent headed for a seventh weekly drop on Friday, the longest declining streak since November 2001, as OPEC predicted it...

Companies

Diamond bank, NEPC partnership to enhance non-oil export

BusinessDay Nov 10, 2014

Diamond Bank plc and the Nigeria Export Promotion Council (NEPC) have partnered to enhance non-oil export. Consequently, Diamond Bank has...

Companies

Standard Chartered, MNI add Nigeria to Business Sentiment Indicators

BusinessDay Nov 10, 2014

Standard Chartered Bank said that from the end of October 2014, the bank will alongside MNI Indicators, publish monthly Business...

Companies

Ecobank’s Q3 net income surges 31 percent on reduced costs  

BusinessDay Nov 07, 2014

Ecobank Transnational Incorporated’s third quarter net income has increased by 31 percent on reduced costs as the Togolese-based lender continues...

Companies

NAIC reviews operational strategy to boost agricultural transformation programme

Modestus Anaesoronye Nov 07, 2014

The Nigerian Agricultural Insurance Corporation (NAIC), has announced changes in its operation strategy targeted that increasing its contribution to the...