Seven days to his retirement, Flour Mills of Nigeria's Group Managing Director, Paul Gbadebo, has acquired more shares within the company, strengthening his grip as one of the major shareholders and decision makers in Flour Mills. Al...
ValuAlliance Value Fund has released its financial statement for the period ended September 2020, reporting an impressive revenue growth during the period when compared to the correspnding period of last year third quarter. According to ...
The Central Bank of Nigeria (CBN) has disclosed that luxury items like vehicles and houses will experience a drop in demand as majority of Nigerians intend to avoid expensive items in the next one year, a period which is expected to record ...
A businessman, Gbemiro Ola, has criticised Vice President, Yemi Osinbajo, after he had to stop shipment from Apapa, Lagos, due to the traffic in the area which has jacked up container fee to nearly a million naira from NGN150,000. The Ap...
The Nigerian Stock Exchange (NSE) market closed with 4,316 deals on Wednesday, December 23, 2020, lower than the 4,948 deals it closed with on Tuesday, December 22, 2020. The volume reached 1,497 billion units at the close of the market on ...
Nigerian Economy is expected to weaken due to rising inflation, according to the Central Bank of Nigeria (CBN). The CBN conducted a survey, ‘Inflation Attitudes Survey for Q4 2020’, covering various respondents that addressed th...
Oil & Gas company, Seplat, has signed a deal with Waltersmith Petroman Oil Limited to begin crude oil refine locally. The Crude Purchase Agreement (CPA) is expected to reduce the cost of Seplat and boost its earnings during the period o...
BUA Cement has announced plan to multiply its operation in three states within Nigeria. The Abdul Rabiu-led company informed its investors that it will increase production capacity as competition with Dangote Cement and Lafarge lingers. ...
The Nigerian Stock Exchange (NSE) market closed with 4,948 deals on Tuesday, December 22, 2020, lower than the 5,258 deals it closed with on Monday, December 21, 2020. The volume reached 442,22 million units at the close of the market on Tu...
Stuggling company, Omatek, is in need of funds, and management of the company have been authorised to seek for investors willing to inject fresh capital into Omatek. The company has been struggling financially and buried in debt. During ...
The Chief Executive Officer of Union Bank of Nigeria, Emeka Emuwa, has retired after nine years leading the lender. Emuwa took over Union Bank in 2012, the year the company surpassed the hundred billion naira revenue mark, but will be leavi...
New investors are set to acquire shares from "substantial" shareholders in Eterna Plc, as the existing stakeholders are planning to exit from the company. The sell-off comes amid Q3 revenue decline and forecast revealing Eterna Pl...
The Nigerian Stock Exchange (NSE) market closed with 5,258 deals on Monday, December 21, 2020, higher than the 4,298 deals it closed with on Friday, December 18, 2020. The volume reached 427,05 million units at the close of the market on Mo...
As the financial industry heads into first quarter of 2021, Jaiz Bank has released earnings expected for the three months period which falls between January to March. The lender in its earnings forecast stated that its gross earnings has be...
PZ Cussons is currently trapped between a faceoff involving the Federal Government and the Lagos State Government, following Aso Rock's quest to reclaim ownership of properties located around the state. The faceoff over the properties i...
