Digital Finance growth outpaces confidence — Bridgforte
The rapid growth in digital finance is outpacing public confidence in the financial ecosystem, prompting the Bridgforte Centre for Global Impact to launch a new governance framework and the Trust Lab to strengthen trust in platform-led finance.
Dangote Cement records N126bn profit, 125 kobo dividends
Dangote Cement Plc has announced a profit after tax of N125.909 billion for its 2011 financial year. According to its audited results for the year ended, December 31, 2011 presented to the Nigerian Stock Exchange, NSE, the company’s after tax profit grew by 0.34 per cent to N125.91 billion from N125.478 billion in its 2010 financial year.
CSCS reorganises, sacks staff
The Central Securities Clearing System Limited, CSCS, as parts of its reorganisation and restructuring exercise, has sacked some of its employees.
NSE market indices appreciate marginally
A total of 433.64 million shares worth N2.04 billion were traded in 2,852 deals on the Nigerian Stock Exchange (NSE) on Thursday.
Firm to crash prices of bakery equipment
AN indigenous firm, Caronc Holdings Limited is set to crash bakery equipment prices in Nigeria as it has entered into partnership with a South African firm; Tombake.
Distressed MFBs: NDIC to prosecute directors over N7bn loans
The Nigerian Deposit Insurance Corporation (NDIC) has said that it has launched investigation into the N7 billion owed the 103 distressed Micro-Finance Banks (MFBs) by their various directors and other managers will bring the full weight of the law to bear on anybody found to be owing them.
