Guinness declares N265bn revenue, PAT up 53% to N25.3bn
By Etop Ekanem Guinness Nigeria Plc has reaffirmed its confidence in the strength and future of its business, as the Company enters a new phase of growth underpinned by improved profitability, a significantly stronger balance sheet and continued investment in its brands, manufacturing capabilities and route to market. The company shared this outlook during its […]
PHCN, FBN risk contempt over power purchase agreement
Managers of First Bank Nigeria (FBN) Plc and Power Holding Company of Nigeria (PHCN) may face contempt charges at the Lagos High Court Igbosere over a dispute arising from breach of contribution in Barge Power Purchase Agreement entered into by PHCN and Lagos State Government in 2000.
Union Bank boss makes case for agric financing
Group Managing Director of Union Bank of Nigeria Plc, Mrs Funke Osibodu has called for concerted efforts by banks to make agricultural financing attractive and profitable for shareholders/depositors by focusing on a holistic value chain.
IOSCO raises concerns over regulation of derivatives trading
As the Nigeria Stock Exchange, NSE, plans to introduce derivatives trading in the next couple of months, the International Organization of Securities Commissions, IOSCO, has raised concerns on the need for effective regulation of the derivatives market to ensure it does not lead to a crash in the capital market.
Securing convictions critical to war against money laundering – GIABA
Securing convictions in prosecution of money laundering cases is critical to success of measures to fight money laundering and terrorism financing.
Nosak Distilleries laments high cost of funds
Ahead of its proposed plans to go public and get listed on the Nigerian Stock Exchange (NSE) as well as its certification by Standard Organisation of Nigeria (SON), Nosak Distilleries Limited, has lamented the high cost of sourcing funds from the banks, and called on the Federal Government through the Central Bank of Nigeria (CBN) to find a way of reducing interest rate.
