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Seplat’s acquisition plan still on course, assures shareholders of capital appreciation

On May 20, 20193:08 pmIn Finance, Newsby sundayComments

By Peter Egwuatu SEPLAT Petroleum Development Company Plc has explained that its plan for acquisition of plant to boost production is still on course, just as it assured shareholders of capital appreciation. The company also reiterated its commitment to stronger growth in the oil and gas sector. Seplat announced N228 billion revenue in its full year
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AACN pledges to enhance portfolio investment

On May 20, 20192:58 pmIn Finance, Newsby sundayComments

By Nkiruka Nnorom ASSOCIATION of Assets Custodians of Nigeria, AACN, has expressed commitment toward improving and promoting activities of portfolio investors in the country. AACN President, Mrs. Taiwo Sonola, made the commitment at a one-day investors’ conference, tagged: “Nigeria: The Economics of the Capital Market”, saying that the potential of Nigeria’s economy is enormous and
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Nigerians open 4m bank accounts in Q1’19

On May 20, 20194:56 amIn Business, Finance, Newsby Urowayino WaramiComments

NIGERIANS opened four million bank accounts in the first quarter of 2019, Q1’19.However, the number of inactive bank accounts rose by 1.7 million or 3.0 percent to 49 million during the period from 47 million in Q4’18, a development attributed to the rate of poverty and lack of access to credit by individuals in the country.

Heritage Bank promotes CBN’s sustainable development in business operation

On May 20, 20194:07 amIn Business, Finance, Newsby Urowayino WaramiComments

HERITAGE Bank Plc has continued to make positive impact in the implementation of the Central Bank of Nigeria, CBN, initiative on Nigeria Sustainable Banking Principle, NSBP, by given its backing to greener environment in order to deliver positive development effects to society and business, whilst protecting the communities and environs in which it operates and the customers.

Economic growth remains weak at 2% in Q1’19-Analysts forecast

On May 20, 20194:00 amIn Business, Finance, Newsby Urowayino WaramiComments

AHEAD of today’s release of the data on Nigeria’s Gross Domestic Product ,GDP, for the first quarter of 2019 (Q1’19), by the Nigeria Bureau of Statistics (NBS), analysts forecasts indicate that the pattern of weak economic growth performance, recorded in 2018, continued in Q1’19, with GDP growth rate of around 2.05 percent, as inconsistent government spending, budget delay and election hiccups undermined impact of high crude oil price, increased foreign exchange inflows and marginal monetary easing during the quarter.

Planned listing by MTN excites shareholders

On May 20, 20192:33 amIn Business, Finance, Newsby TonyComments

Ahead of its listing on the Nigerian Stock Exchange, NSE, MTN Nigeria last week completed the registration of its securities with the Securities and Exchange Commission, SEC, and also obtained approval from the Commission to list its shares, thereby putting an end to years of waiting by domestic retail investors. Shareholders spoke on the proposed listing, saying that it is exciting development. Excerpts:

Reviving MfBs to enhance economic growth

On May 13, 20195:58 amIn Business, Finance, Newsby Urowayino WaramiComments

NIGERIA is presently faced with the challenge of weak economic growth, which stood at 1.93 percent for 2018, and a huge population estimated at 201 million people. The impact of this challenge is reflected in the high unemployment figures, estimated at 23.1 percent, and the 86.9 million Nigerians living in extreme poverty.