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Friday, January 22, 2021

How SEC Major Restructuring Will Affect Market Operations

The Securities and Exchange Commission (SEC) is undergoing a major restructuring of its operations aimed at boosting staff morale and improving service delivery to...

Law Union & Rock profit grows by 300%

Law Union & Rock Insurance Plc said it recorded a 300% growth in profit before tax in the first half of 2015. The firm said...

Zenith Bank records N22bn income, declares interim dividend

Zenith Bank Plc has reported a growth of 24% in gross earnings for the half year ended June 30, 2015. The audited half-year results released...

Flour Mills seeks NSE approval on N30.1bn rights issue

Flour Mills of Nigeria Plc had yesterday sought the Nigerian Stock Exchange (NSE) approval on proposed N30.069 billion rights issue. The company is proposing rights...

Seplat second quarter earnings drops

Seplat Petroleum Development Company Limited has witnessed another drop in its top and bottom line figure for the second quarter ended June 30, 2015. According...

Nigeria debt now N12.12tn – DMO

Nigeria's total debt stock now stands at N12.12tn ($63.81bn), the Debt Management Office has said. Statistics obtained from the organisation showed that the domestic...

NPF Microfinance Bank seeks N3bn capital

The NPF Microfinance Bank Plc says it plans to raise N3bn through a rights issue and initial public offering. According to the bank, the additional...

Wema Bank half-year profit drops to N1.17bn

Wema Bank Plc said its net interest income was N9.06bn, down from N9.71bn in the first half of last year, while profit before tax...

Cornerstone Insurance grows Profit by 11 %, pays Dividend

Cornerstone Insurance plc has said it recorded 20 per cent growth in profit before tax for the financial year ended December 31, 2014, moving...

Fidelity Bank raises N30bn via bond issuance

Fidelity Bank Plc has raised N30bn through an unsecured bond at 16.48 per cent, to fund increased lending to small businesses and retail clients,...

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Incubator Reality set to disrupt Nigerian startups with over N1 billion

The Incubator Reality has created a lifeline to leapfrog and disrupt Nigerian start-ups to increase their capacity and access to funding via a novelty...

President Buhari Orders MDAs To Grant Access To FIRS For Tax Collection

President Muhammadu Buhari has mandated Ministries, Departments and Agencies (MDAs) of government as well as business enterprises to grant access to the Federal Inland...

Airtel Africa Set To Release Financial Statements On January 29

Airtel Africa Plc leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, will announce its results for...