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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 …

The Aniochaoshimili people of Delta state are set to draw up their own economic blueprint for the development of the area. To achieve this, a non-partisan and non-profit making socio–cultural organisation known as Njiko Aniochaoshimili has been convened to organize an economic summit to draw up the area’s economic recovery …

May 12, 2017/CardinalStone Research   Following our meeting with the Chief Executive Officer of First Bank Nigeria & Subsidiaries and consequently a detailed understanding of the bank’s medium term strategy, we have revised our medium term earnings projections upwards and our target price for FBN Holdings Plc (listed vehicle that …

  The N2billion long-term facility Heritage Bank Plc and Central Bank of Nigeria gave to Triton Aqua Africa Limited (TAAL), under the Commercial Agriculture Credit Scheme (CACS), has continued to boost job creation. The Managing Director of Heritage Bank Plc, Ifie Sekibo, who disclosed this at the weekend, led a team …

  Executive Director Commercial of NASCON Allied Industries Plc, Fatima Aliko Dangote has expressed delight at the expected significant increase in both turnover and profitability of the company, as a result of the proposed new products, to be released to the market before the end of this year. In a chat …

On the heels of the announcement of the successful sale of Keystone Bank Limited and the promise of the new investors to take active steps towards turning around its operations in order to become more competitive in the sector, it appears the management of the Bank has proceeded on a …