Shareholders of Dangote Cement on Wednesday were full of praise for the Board, Management and staff of the company after approving the dividend payout of N144.8 billion, which translated to N8.50 kobo per share as against N8 per share, that was paid in the corresponding period of 2015. Speaking …

The Federal Government has dragged former president, Dr. Goodluck Jonathan and one-time Petroleum minister, Dan Etete to court in the United Kingdom, insisting that the transfer of over $800 million to accounts controlled by Dan Etete from a Nigerian government account with regards to the Malabu Oli deal was fraudulent …

Lagos, Nigeria 23–05–2017.  In demonstration of its commitment to deliver superior and innovative banking solutions to its customers, pan African financial institution, United Bank for Africa Plc, has announced the launch of a brand new mobile banking application with many user friendly features. The new mobile app which comes with the biometric …

Lagos, Nigeria, 15May 2017: Mr. Ike Onyia has been appointed Managing Director/CEOof FBN Capital Asset Management, a part of FBN Holdings Plc’s Merchant Banking&Asset Management Group. Mr. Onyia joins the firmwith over 20 years’ experience in investment management and advisory.Prior to his appointment, he served as Managing Director of Fiducia Capital, …

Lagos, Nigeria, May 22, 2017: Heritage Bank Plc has entered into strategic partnership with Risk Management Association of Nigeria (RIMAN) to promote global best practices in the implementation of risk management for safer and stronger financial institution.President of RIMAN, Mr Jude Monye, disclosed this at the first Chief Risk Officer’s …

Shareholders at the weekend in Lagos applauded the Dangote Flour Mills return to profitability after posting a profit before tax of N11.82bn for its financial year ended December 31, 2016. The Chairman of Dangote Flour Mills, Asue Ighodalo, while addressing shareholders at the 11thAnnual General Meeting in Lagos said “Despite …

Lagos, Nigeria – May 19, 2017 – International Rating Agency, Standard and Poor’s (S&P) assigned  its ‘B’ long term and ‘B’ short term global scale counterparty credit ratings to the United Bank for Africa Plc (UBA). These ratings on the pan African financial institution, United Bank for Africa (UBA) Plc, are …

Etisalat Nigeria is in crisis. The telecommunications company has lost over 2.9 million subscribers in the last two quarters. We gathered that as of September 2016, there were 22.5 million active subscribers on the network but the figure dropped to 20.8 million by December, 2016. This means a loss of …

The Lagos State Government on Monday said that it paid a total of N1, 846, 396, 965.80 as pension from May 31, 2016 to April 30, 2017. The state Commissioner for Establishment, Training and Pensions, Dr. Akintola Benson-Oke, made the disclosure at the 2017 Ministerial Press Briefing to mark Governor …

As part of effort to further deepen the Central Bank of Nigeria’s cashless policy, Heritage Bank Plc, has called for early lessons for teens on how to perform basic banking tasks, as a basic tools necessary for children’s financial freedom.In a statement made available to the media, the bank highlighted …