Business
UBA posts record earnings of N375bn with N79bn in third quarter profit
By Ruth Olurounbi The United Bank for Africa (UBA) set the tone for the latest round of big bank earnings with a...
Julius Berger Nigeria appoints Lars Richter new MD
Julius Berger Nigeria Plc announced it is making changes to the management structure of the company and has appointed Dr Lars Richter as...
Sekibo urges entrepreneurs to collaborate with banks’ SME desks for growth
Managing Director and Chief Executive Officer of Heritage Bank Plc, Ifie Sekibo has encouraged the budding African entrepreneurs of the Next Titan Housemates...
HI 2018: Fidelity Bank grows profits by 31%, posts N11.8 in PAT
As company’s gross earnings hit N88.9bn, digital retailing rose to 80% An audited half year results for the period ended June 30, 2018...
Lafarge Africa plans a N90bn rights issue
By Ruth Olurounbi Lafarge Africa is moving foward on plans to strengthen the company by issuing a N90 billion rights issue after securing...
CBN governor “optimistic” MTN issue will be resolved “soon”
By Ruth Olurounbi The Nigerian central bank governor, Godwin Emefiele has hinted that the MTN problems with the regulatory body will probably be...
CBN sells $317.52m, 58.40m CNY into Retail SMIS
The Central Bank of Nigeria (CBN) on Friday sold a total of $317.52 million and an additional 58.40 million Chinese Yuan into the retail...
Polaris bank takes over Skye bank
The Central bank on Friday revoked the license of Skye bank. A bridge bank called Polaris will now takeover, Per Second News gathered....
Heritage Bank partners NPA to support improved ports infrastructure in maritime sector
The maritime sector through Nigerian Port Authority (NPA) is set to get improved infrastructural boost as Heritage Bank Plc revealed plans to provide...
Elumelu’s foundation launches world digital platform for African entrepreneurs
Africa’s entrepreneurs will now have a world digital platform known as TEFConnect, an open source platform providing “bespoke tools and content to catalyse...
We have capacity to print electoral materials, Mint company tells INEC
The Nigerian Security, Printing and Minting, (NSPM) Plc, has appealed to the Chairman of the Independent National Electoral Commission (INEC), Mamood Yakub, to...
CBN again defends naira with $210m
By Ruth Olurounbi The Central Bank of Nigeria (CBN) has again intervened in the inter-bank Foreign Exchange Market to the tune of $210...
FG sells 12.4bn shares in Minting Company to CBN, BPE
The Federal Government on Tuesday sold its 21 per cent shares in the Nigeria Security Printing and Minting Company (NSPMC), which translates to...
Nigeria: China’s $500m financing support targets energy generation
The half a billion dollar financing support from the Export-Import Bank of China (CEXIM) to Nigeria is targeted at helping Nigeria improve its...
Nigeria will sell N1.024trn Treasury Bills in Q4
Nigeria, through its central bank says it will auction treasury bills as much as N1.024 trillion in the fourth quarter of the year,...
Stanbic IBTC likely to issue 211.7 million shares option for interim cash dividend
By Ruth Olurounbi Stanbic IBTC Holdings Plc could likely issue up to 211.7 million ordinary shares of 50 kobo each as scrip dividend...
