Fidelity Bank to pay N5.79bn as dividend amid N30.35bn PBT in FY’19

Vincent Nwanma Mar 23, 2020

Coronavirus: NRC makes U-turn, resumes passenger train services

Exxon notifies contractors, vendors of spending cuts over coronavirus - Reuters

PZ Cussons: Huge FX loss of N4.701bn weighs Q1’16 results

PZ Cussons announces sale of Nutircima to WAMPCO

Update: Emirates reverses decision to suspend all flights from March 25

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Air Peace isolates sick UK-based passenger billed to travel from Lagos to Asaba

Vincent Nwanma Mar 21, 2020

A Nigerian passenger who was billed to travel from Lagos to Asaba on Air Peace flight on Friday was stopped...

Why 9mobile is doling out N195 m to customers in three months

9mobile outlines business growth strategies for 2020

Vincent Nwanma Mar 20, 2020

Nigeria’s most customer-focused company, 9mobile, has revealed that its business plans would have a trickle-down impact on the businesses of...

NASD OTC market: Increased awareness yields results

NASD’s remote trading goes live

Iheanyi Nwachukwu Mar 20, 2020

Determined to enhance speedy, efficient, transparent and global service delivery, NASD Plc has announced full commencement of remote trading in...

Cedar to acquire additional 39.62% equity stake in Union Diagnostic

Vincent Nwanma Mar 20, 2020

Union Diagnostic and Clinical Services Plc has informed the Nigerian Stock Exchange (NSE) and the investing public that the Company...

CRC Credit earns accolades for easing access to finance

Stephen Onyekwelu Mar 18, 2020

CRC Credit Bureau Limited has earned two recognitions thanks to its contributions in driving access to finance for individuals and Micro,...

Zenith Bank pegs international withdrawal on naira cards amid dollar crunch

Olufikayo Owoeye Mar 18, 2020

As the race to buy foreign currency heats up, tier-1 lender, Zenith Bank has reviewed the international spending limit on...

Nigeria, Saudi Aramco struggle to finalise $5bn oil-backed loan on crude price slump

Saudi Aramco’s 2019 profit slumped 21% on low oil price, cuts spending amid price war

Olufikayo Owoeye Mar 18, 2020

In response to the double-whammy impact of oil crash and spread of coronavirus, the world’s most profitable company, Aramco, has...

Lafarge rises by most in 9-months on bargain hunting

Olufikayo Owoeye Mar 17, 2020

Barely 24hours after announcing its closed period in preparation for the consideration of its 2019 audited financial result, shares of...

GTBank generates higher returns to shareholders than any lender

Gtbank’s planned switch to Holding Company seen unlocking more value for shareholders

Segun Adams Mar 16, 2020

The new decade might see Tier-1 lender Guaranty Trust Bank (GTBank) revert to a Holding Company structure, a move that...

PZ Cussons announces successor to current CEO Giannopoulos

Segun Adams Mar 13, 2020

Panagiotis Katsis will replace current CEO Christos Giannopoulos when the latter retires June 30 2020, PZ Cussons Nigeria said in...

Renaissance Technologies, one of the world’s biggest hedge funds, has been tripped up by the market turmoil unleashed by the coronavirus

Coronavirus: 51% of companies lack business continuity plan to combat outbreak

Vincent Nwanma Mar 12, 2020

Amid the global concerns about the growing impact of coronavirus on the world economy, 51 percent of companies around the...

MTN plans for new Group CEO as Shuter steps down in 2021

Jumoke Akiyode-Lawanson Mar 12, 2020

MTN Group says it is currently working on a succession plan for the company, as the group president and CEO,...

No respite for investors as stocks slump for third straight-session in week

Vincent Nwanma Mar 11, 2020

Nigerian stocks continued their descent on Wednesday losing recording its second-biggest decline in 2020 to widen year’s loss by the...

Buhari not involved in Sanusi’s crises-Presidency Tony Ailemen, ABUJA. Presidency has appeales to Nigerians to leave President Muhammadu Buhari out of the travails of the former Emire of Kano, Sanusi Lamido Sanusi A statement by Presidential Spokesman, Garba Shehu, said the President is in no way involved in the dethronement of Muhammadu Sanusi II from the position of Emir of Kano. All such insinuations are untrue, malicious and politically motivated, he said. According to Shehu, Buhari does not have a history of intervening in the affairs of any state in the country, unless the issue at hand is of national consequence. On such matters which impinge on national security, he has a duty of involvement as the law stipulates. “As outlined in the Constitution, the appointment or removal of emirs and other traditional leaders is strictly within the jurisdiction of state governments,” the statement noted. The Presidency said it would be unfair and disingenuous of opposition politicians to try to link the situation in Kano State to the federal government and the Nigerian President. “Although a retired General and former Military Head of State, President Buhari clearly understands that under the current democratic dispensation, the government at the centre cannot read instructions or twist the arms of all or any of the 36 state governments making up the federation. They all have their powers specified under the Constitution.” The President however commended the people of Kano for keeping calm in the past few days of the dethronement announcement. He also prayed ” that the will of Allah will be done at all times, and that the emirate/state and its people continue to experience progress irrespective of who is on the throne”.

Vivacity PR restates commitment to support girl child cause in Nigeria

Ifeoma Okeke-Korieocha Mar 11, 2020

A global Public Relations firm, Vivacity PR has restated commitment to supporting and promoting the girl-child cause in Nigeria. Kemi...

N1.3trn Customs revenue shows inefficiency in Nigerian economy – Dangote