Shareholders approve Transcorp Hotel’s  N1.14bn dividend 

Shareholders of Transcorp Hotels Plc, have approved a final dividend of N1.14 billion for the 2018 financial year.  The final dividend which represents 15 kobo per ordinary share, is a 20 percent improvement over the 12 kobo per ordinary share paid for 2017.  The shareholders who approved the dividend at the company’s 5th Annual General Meeting (AGM), also […]

Access Bank subsidiaries contribute 116% to group profit in 2018

Subsidiaries of Access Bank Plc contributed 116 percent of the overall group profit of the bank, Herbert Wigwe, CEO and managing director has revealed. According to him, an effective implementation of the bank’s overall strategy, led to the Bank’s subsidiaries to Group profits growing by 116 percent to N27.9 billion. The banking group’s recently released […]

First Bank group plans 125km “Relay Walk” to mark anniversary

First Bank of Nigeria Plc and other corporate entities in the FBN Holdings group would jointly have a 125km relay walk to celebrate the bank’s 125 years of unbroken business operations in commemoration of its 125 years anniversary, on Saturday March 16, 2019. The bank disclosed this in an emailed statement as a follow up […]

NAICOM approves Ogbodu as Sunu Assurances new MD

The board of SUNU Assurances Nigeria Plc has announced the appointment of Samuel Oghenebrume Ogbodu as its managing director/chief executive of SUNU Assurances Nigeria Plc. This followed the approval of the National Insurance Commission. Similarly, NAICOM granted a provisional approval for the appointment of Adeleke Emmanuel Hassan as executive director, Technical & Operations.  Ogbodu is […]

Coronation wins top investment bank in Nigeria

Coronation Merchant Bank has been named the best investment bank in Nigeria by Global Finance magazine in its 20th annual World’s Best Investment Banks. After a series of exclusive surveys, which will be published in the April 2019 issue, the world-renowned financial magazine recognized Coronation Merchant Bank as the Best Investment Bank in Nigeria along with Barclays, […]

Newrest directors recommend 20k dividend to shareholders

Directors of Newrest ASL Nigeria, an airline catering company, on Thursday released its Deloitte audited account for the full year ended December 31, 2018, with a 20 kobo dividend recommendation payable to shareholders upon their approval at the company’s next annual general meeting (AGM). The results filed with the Nigerian Stock Exchange (NSE) showed that […]

Eterna Plc looking to increase its retail footprint as it clocks 30

Eterna Plc is looking to scale up its presence in the Nigerian downstream oil and gas sector as the company celebrates its 30th year of operating in the Nigerian economy. Mahmud Tukur, chief executive officer of the company said the company plans 200 new retail outlets in the country in the next five years, which […]

Nigeria’s greatness depends on developing non oil sector – NEPC

Babatunde Faleke, executive secretary, Nigerian Export Promotion Council (NEPC), Thursday, said that for Nigeria to progress there is a need for the citizens to live as if the nation does not have crude oil for export. Speaking at NACCIMA Export Group’s 1-day interactive session, themed “Assessing and Analyzing Non-oil Export Prospect”, Faleke stated that Nigeria […]