Chams HoldCo targets N7.65 bn in hybrid offer to drive expansion
First Bank named Nigeria’s strongest brand in 2026 by Brand Finance
Unilever in investor conference call
High interest rate threatens Wema Bank’s N50bn bond programme
Banks lose N2.4bn to fraudulent staff, others —NDIC
Britons now buy made-in-Nigeria suits – FG
‘Hackers target Nigerian banks’
Further bull dominance in stocks expected this week amidst more earning reports release
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SubscribeAccess Bank upgrades mobile banking app
ACCESS Bank has refreshed its mobile banking app with a set of new and exciting features. These additional features allow customers perform multiple functions including quick airtime top-up and funds transfer without signing on to the app.
Stop spreading discontent against industry regulations, NAICOM cautions operators
NATIONAL Insurance Commission (NAICOM) has cautioned insurance operators from generalising and publicising personal discontent with industry regulations.
Commissioner for Insurance, Alhaji Mohammed Kari gave this warning at the concluding session of the insurance conferenc
Unilever Nigeria Plc: Impressive results amidst controversial capital raise
LAST weekend, Unilever Nigeria Plc, one of the oldest conglomerates in Nigeria rolled out an impressive second quarter 2017 (Q2 ’17) result showing revenue growth of 58 per cent and a jump in net profit by a massive 3873 per cent Year-on-Year (YoY).However, a quarter-on-quarter (QoQ) review shows a moderate growth rate in revenue at 3.4 per cent while net profit increased by 29.4 per cent. But both the revenue of N22.9 billion and net profit of N2.1 billion were ahead of most analysts’ estimates.
Lafarge Africa Plc: Ridding on tax write-back to profit
WE begin a review of First Half 2017 (H1’17) corporate scorecards with some form of spotlights on some select companies.
Lafarge Africa Plc which announced a second quarter 2017 (Q2’17) result last week, has excited investors amidst its controversial recapitalisation program. Revenue grew by 33.8 per cent Year-on-Year (YoY) while net profit was N14.57 billion, moving sharply from a loss of N28.37 billion same period of last year. Compared to Q1’17, however, revenue and profit before tax (PBT) were down 9.6 per cent and 7.7 per cent respectively.
Insurance industry records 12 acquisitions in 3yrs— NAICOM
NATIONAL Insurance Commission (NAICOM) said that 12 insurance companies were acquired in the last three years.
Commissioner for Insurance, Alhaji Mohammed Kari, who made the disclosure in Abuja, said that there were three foreign acquisitions in 2014, two in 2015, five in 2016 while talks to acquire two companies are now in progress.
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