Nigeria primed to be Africa’s industrial powerhouse— Ex-UNIDO DG
By Yinka Kolawole A former Director-General of the United Nations Industrial Development Organisation (UNIDO), Dr Kandeh Yumkella, has said Nigeria has the essential foundations to become Africa’s industrial powerhouse but must translate its huge market, natural resources and entrepreneurial capacity into competitive production and exports. Yumkella, who identified Nigeria’s financial depth and strategic position within […]
FCAM’s Legacy Short Maturity records 12.99% returns
FCAM’s Legacy Maturity (NGN) Fund shareholders, a mutual fund managed by First City Asset Management Limited, have approved 11kobo dividends for the financial year ended June 30, 2017.
Risk Based Supervision: Four insurance firms at sea over N14.8bn capital short fall
AS the insurance sector awaits the commencement of Risk Based Supervision, RBS, this year, four insurance companies are in dilemma over N14.8 billion shortfall in their shareholders’ funds, which are far below regulatory requirement.
Akwa Ibom govt is pursuing a private sector driven industrialisation agenda — Udoh
Commissioner of Information, Akwa Ibom State, Mr Charles Udoh, in this interview with Financial Vanguard disclosed the state government’s drive to industrialise the state and efforts to build infrastructure to attract foreign investors in different sectors of the economy. He disclosed that opportunity exists to build gas fired thermal power, other factories, among other viable projects in the state.
First Royal Micro Finance Bank defies harsh times, pays dividends to shareholders
NOTWITHSTANDING a drop in its profits after tax from N26,001,560 in the 2015 financial year, to N20,081,488 in 2016 owing to the adverse economic situation that characterised the 2016 financial year, First Royal Microfinance Bank has announced a dividend of five kobo per share for the financial year that ended December 31, 2016 to its share holders.
UBA Board to consider 2017 financial statements, proposed dividend
United Bank for Africa (UBA) Plc has announced its upcoming Board meeting, scheduled for Monday, January 29, 2018, where members of the Board will consider the financial statements for the financial year ended 31 December 2017 and also proposals for final dividend for the period.
