Ahead of next week’s scheduled release of April 2016 inflation reading, economists at FSDH Merchant Bank have predicted a continued spike in the headline index. According to them the April 2016 inflation rate (year-on-year) is expected to increase to 13.7 per cent from 12.77 per cent recorded in the month of March 2016.

A Federal High Court sitting in Lagos, has struck out the suit instituted by Assets Management Company of Nigeria, AMCON against Capital Oil and Gas Ltd, holding that the suit is premature and seeks to circumvent existing suits in different courts on issues relating to the alleged indebtedness of Capital Oil and Gas, which is currently under dispute.

It is common practice in the print media for a Newspaper to identify and evaluate an issue of public significance and then make sensible recommendations that would be socially beneficial. Ultimately, after presumed exhaustive debate of the subject by a seasoned team of journalists and external consultants, a statement is distilled and published as the Newspaper’s Editorial opinion.

Shareholders of Wema Bank Plc have approved the bank’s bid to either acquire or merge with any financial/non-financial institution to expand its business. They also authorised the bank’s directors to raise additional capital in readiness to pursue the acquisition plan. The shareholders gave the approval at the bank’s Annual General Meeting, AGM, in Lagos.

Local shareholders and customers of First City Monument Bank (FCMB) Limited have expressed their support towards its management drive to build a valuable franchise in the retail space. The center point of attraction includes the firm’s innovative products and service offerings that resonate with the needs and lifestyles of the market with an excellent customer service strategy that is currently generating customers’ commendations and accolades.