First Bank named Nigeria’s strongest brand in 2026 by Brand Finance
First Bank, West Africa’s premier financial institution and financial inclusion service provider, has been recognised as the strongest brand in Nigeria in the “Nigeria 25 2026” ranking by Brand Finance, a leading independent brand valuation and strategy consultancy. The Bank achieved an AAA+ rating, the highest possible distinction, underscoring its unmatched brand strength and leadership […]
Indigenous consortium plans two 1,000 MW plants in Nigeria
A consortium led by FirstGate Group has signed a Memorandum of Understanding, MoU, with the Federal Government to build two separate 1,000MW gas-fired and solar plants in Nigeria. The Minister of Power, Prof. Chinedu Nebo, signed the MoU on the project with a timeline of four to five years on behalf of the government Chief Executive, FirstGate Business Intermediaries Ltd, Kelvin Asogwa who signed the dotted lines at the Ministry’s headquarters in Abuja, promised that the project will assist in the realization of Mr. President’s Power Sector Transformation which is cruising at a high speed.
NB declares N37.2bn dividend
The Board of Directors of Nigerian Breweries, NB Plc has declared a total dividend of N37.2 billion for the 2014 financial year. The amount represents a pay out of N4.75 (four naira seventy five kobo) per ordinary share of fifty kobo each. According to the company, the total dividend of N37.2billion has been recommended by the board for shareholders’ approval at the 2015 Annual General Meeting, AGM.
ChamsMobile, Skye Bank to launch virtual Visa card in Nigeria
ChamsMobile in collaboration with Skye Bank Plc has entered into agreement to launch a Virtual Visa Card in Nigeria an entirely digital payment card for online and mobile use. In a statement, Deputy Managing Director, ChamsMobile, Mr. Gavin Young, expressed excitement in partnering with Skye Bank on the new virtual payment solution, developed with the company’s international joint venture partners Bancore and Global Technology Partners (GTP).
Market conditions not favourable to IPOs this year — Experts
The present market sentiment which is expected to be sustained in the first half of the year does not support any market listing or an Initial Public Offer, IPO, in 2015, experts at United Capital Plc have said. This is contained in their end of year review titled, “Nigerian Economy and Financial Markets, 2014 Review and 2015 Outlook: ‘Tales of Two Halves’.
Stockbrokers seek close ties with CBN to resolve market downturn
Stockbrokers in the nation’s capital market have called for a closer cooperation with the Central Bank of Nigerian, CBN, to tackle the dwindling fortune in the market. Speaking on behalf of other stockbrokers during the visit of the CBN governor, Mr. Godwin Emefiele, and his team to the Nigerian Stock Exchange, NSE, Mr. Sam Ndata, who is the doyen of the stockbrokers, said that the cooperation became necessary in view of the negative impact some monetary policies of the CBN have on operation of the market.
