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 […]

NAHCO new group structure to enhance shareholder returns by year end, says GMD

Olatokunbo Fagbemi the group managing director of the Nigerian Aviation Handling Company (NAHCO) Plc., has assured NAHCO shareholders of significant improvement in returns on investment by 2019 year end. The group MD is hinging this promise on a favourable business outlook, a new group structure and a five year strategic plan being adopted by the […]

Why these Nigerian companies will inspire financial development in 2019

I dentified as success stories and having the potential to transform the African economy, the London Stock Exchange listed about 360 companies to watch out for in 2019.  Of these companies which cut across regions, countries and sectors, the LSE identified 17 Nigerian financial companies that will herald the development of financial services on the continent. […]

Stanbic IBTC appoints Barend Kruger as Non-executive director

The Board of Directors of Stanbic IBTC Holdings PLC has announced the appointment of Barend Johannes Kruger as a non-executive director with effect from 18 January 2019 following the receipt of all required regulatory approvals. The board expressed delight at the appointment, as they look forward to benefitting from Kruger’s 30 years wealth of experience […]

Access Bank plans green bond issuance of N15bn

Access bank Plc has said its proposing a green bond issuance of up to N15 billion and not N150billion as reported by some media houses. The bank made this known in a regulatory filing with the Nigerian Stock Exchange (NSE) on a Friday stating that its attention has been drawn to certain reports relating to […]

CAC registers 39,074 new business names in two months under N5,000 fees  strategy

Nigeria’s Corporate Affairs Commission  (CAC) says it has been able to register 39,074 business names between October and November 2018  following the implementation of its Business Incentive Strategy (BIS). The commission had under its BIS reduced the cost of business name registration from N10,000 to N5,000 for a period of three months  covering October 1 […]

Julius Berger board meets to approve Q4 results

Julius Berger Nigeria Plc., a leading construction company, has announced that its board audit committees would meet on Wednesday, January 30, 2019, to consider and approve its fourth quarter 2018 results. The meeting, according to a notification to the Nigerian Stock Exchange and its shareholders, January 17, 2019, to January 31, 2019, has been announced […]