22 results
- 11 Dec 2019
Top Bankers, Indian Businessman Jailed for Stealing N855m
Economic and Financial Crimes Commission (EFCC) has secured the conviction and sentencing of Anayo Nwosu and Olajide Oshodi, two top officials of Bank PHB, now Keystone Bank, as well as Ashok Israni,…
- 24 May 2015
CBN Grants Kakawa Discount House Merchant Banking licence
Central Bank of Nigeria (CBN) has approved a merchant banking licence for First Bank Nigeria Holdings Plc, through its subsidiary, the Kakawa Discount House Ltd. Mr. Bello Maccido, FBN Holdings group…
- 2 May 2014
Sterling Bank to Raise Share Capital to N16Bn
Sharaholders of Sterling Bank Plc, has approved the bank’s plans to raise new capital through a private placement. The private placement, when concluded, will shore up Sterling Bank’s share capital…
- 23 Mar 2017
Zenith Bank Shareholders Approve N100Bn Fresh Capital
The shareholders of Zenith International Bank Plc yesterday authorized the board and management and board to raise additional capital of N100bn. The shareholders gave their mandate for the fresh…
- 24 Sept 2017
Honeywell Flour Mills Records Impressive Results, Posts N53.27Bn Revenue
Honeywell Flour Mills Plc. has released its audited financial results for the full year ended 31st March, 2017. The Company recorded a remarkable 191 percent increase in gross profit from N4.36…
- 5 Dec 2013
Foreign Investment in Capital Market Hits $15Bn
Dr Doyin Salami, an Economist with the Lagos Business School, has said that the foreign portfolio investment in the nation’s capital market has reached 15 billion dollars (N2.36 trillion) in 2013.…
- 11 Jun 2013
Shareholders Commend UBA Management for 2012 Financial Performance
Shareholders of United Bank for Africa (UBA) Plc have commended the board and management for the Bank's sterling performance and dividend payment to investors during the financial year ended December…
- 21 May 2020
Sterling Bank Grows Shareholders’ Fund by 22.3%
Shareholders of Sterling Bank Plc have commended its financial performance and dividend payout for the financial year ended December 31, 2019 as the bank’s shareholders’ fund grew by 22.3 percent to…
- 29 Dec 2014
Alakija’s Fortunes Hit $7.3Bn, Topples Oprah as Richest Black Woman
Folorunsho Alakija, Nigerian billionaire, has edged past Oprah Winfery as world’s richest black woman, with a fortune of $7.3billion, despite falling oil prices. On the other hand, Oprah Winfrey is…
- 1 Apr 2021
UBA Well-Positioned to Benefit from Recovery Trends in 2021- Elumelu
United Bank for Africa (UBA) Plc, pan African financial institution, has assured its teeming shareholders and investors of even greater returns in the coming months, with the bank having established…
- 25 Apr 2024
Shareholders Approve $1.5bn Capital Raising for Access Holdings
The shareholders of Access Holdings Plc have unanimously approved the company’s proposed capital raising of $1.5 billion through a bond or share sale and a further N365 billion via a Rights Issue to…
- 23 Nov 2012
Stakeholders Hails Zenith Bank’s Listing on LSE, Toasts Achievements
Shareholders of Zenith Bank Plc have endorsed plans by the financial powerhouse to list on the London Stock Exchange (LSE) just as capital market operators said the move is a blessing to Nigeria…
- 26 Feb 2013
FG to Enforce Patronage of Local ICT Products
Federal government has begun move to ensure that ministries, departments and agencies implement its policy on patronage of local equipment manufacturer (OEM) of computers. Dr. Olusegun Aganga,…
- 17 Mar 2013
Nestle’s Profit, Dividend Buoy Investors Confidence @ NSE
Nestle Nigeria Plc, leading nutrition health and wellness Company has declared a profit after tax of N21.14billion for the financial year ended December 30, 2012 and the directors of the company are…
- 18 Aug 2013
First Bank Deploys Solution to Check N60Bn Unclaimed Dividends
First Registrars Nigeria Limited has unveiled a new technology, First Dividend Plus Prepaid Card & e-voting system that would help alleviate the problems investors go through in the market, as…
- 11 Apr 2016
UBA Holds AGM as Shareholders Applaud Performance
On Friday April 8, during the bank’s Annual General Meeting (AGM) which was held at the Eko Atlantic Hotel, Lagos, the shareholders of UBA applauded the UBA for its strong financial performance in…
- 18 Aug 2016
Red Star Posts N6.6Bn Turnover, Gets New Management
Red Star Express Plc, a leading logistics Company, has announced a total sum of N6.6 billion turnover for the financial year ended March 31, 2016 and a profit after tax of N334.4 million. This was…
- 20 Feb 2018
MTN Targets $1Bn from Nigeria, Ghana Listing
MTN could raise a total of US$1bn when it lists on both the Nigeria and Ghana stock exchanges later this year. According to Kofi Yamoah, CEO, Ghana Stock Exchange (GSE) MTN Ghana will officially…
- 28 Sept 2010
Pearl Awards Holds 15th Year Editio
The 2010 edition of the prestigious PEARL Awards, a celebration of outstanding quoted companies in Nigeria is scheduled to hold on Sunday November 28, 2010 at the Grand Ball Room of the prestigious…
- 2 May 2021
Access Bank Assures Shareholders of Higher Dividend Payment
Access Bank Plc has assured shareholders of sustained dividend payout and improved performance in the years ahead. Mr Herbert Wigwe, Chief Executive Officer of the bank, gave the assurance while…
- 24 May 2023
Shareholders Applaud Fidelity Bank for Exceptional Performance in 2022 FY
Shareholders of leading financial institution, Fidelity Bank Plc, have commended the board and management of the bank for delivering an exceptional performance in FY 2022. This was made known at the…
- 26 Dec 2019
Obazee, Banker Recounts Ordeal in Hands of EFCC
Sunny Obazee, an investment banker faced for seven years, humiliation, rejection and prosecution for alleged N855 million fraud at defunct Platinum and Habib Bank (PHB) which he joined as Divisional…