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N4bn 7UP loss exposes rot in real sector

Okey Onyenweaku Seven up Plc, in a result that has kept investors shuddering, recently posted a mind-boggling N4.8b loss for the third quarter of the year 2016. The result, a total collapse from its 2015 More...

| Published 15 hours ago

N4bn 7UP loss exposes rot in real sector

Okey Onyenweaku Seven up Plc, in a result that has kept investors shuddering, recently posted a mind-boggling N4.8b loss for the third More...

Skye Bank crisis worsens

…customers, shareholders’ express anxiety Okey Onyenweaku Against the background of an implosion in the earnings of commercial More...

First Bank leads four Nigerian banks in Top 500 Global Banking Brands

    First Bank of Nigeria Limited has been named as the most valuable banking brand in Nigeria in The Top 500 Banking Brands More...

N4bn loss: Guinness Nigeria faces more challenges

Okey Onyenweaku The once cheerful faces of shareholders of Guinness Nigeria Plc has suddenly turned gloomy as their company’s fortunes More...

Forex crisis: $30bn loan in jeorpady

  Okey Onyenweaku Anxiety is beginning to cloud the possibility of international lenders to give Nigeria the $ 30 billion she More...

Anxiety over Banks’ year end results

Okey Onyenweaku Anxiety has begun to drench the expectations of analysts and other stakeholders alike as they continue to fret over More...

Prospects of market recovery bleak

  .           Stocks lose N4trn in 3 years; Blue chips shed 47% value Okey Onyenweaku Nine years after the melt down More...

SWEAT, TEARS, ANGUISH: The MMM Crash

  It was a day of reckoning of sorts, participants in the scheme who had before now waved away every warning by government agencies More...

NICON Insurance, micro finance banks sign MoU to boost Nigeria’s business frontiers

  NICON Insurance has signed a memorandum of Understanding with the National Association of Micro Finance Banks (NAMFB) in order to stem the harsh effects of economic recession More...

Lloyd’s threat: Anxiety as AON struggles to save Nigerian airlines

There is unease among domestic airlines in Nigeria following a threat by Lloyd’s of London, the world’s leading insurance market, to blacklist them over irregular More...

Ports get harmonised support portal

  Maritime activities closed last Friday with the Nigerian Ports Authority (NPA) saying the nation’s ports are ready to absorb increase in imported vehicles expected More...

Group cautions Sanusi over attacks on Buhari

  A pro-democracy group based in Kano, the Coalition for Democratic Norms (CODEM), has cautioned the Emir of Kano, Sanusi Lamido Sanusi, to desist from his incessant attacks More...

Ugwuanyi’s fate hangs in the balance as Appeal Court fails to decide

The protracted legal tussle between the Enugu State governor, Hon. Ifeanyi Ugwuanyi and former senator representing Enugu North senatorial zone, Ayogu Eze is poised to last longer More...

Nigerians lament economic hardship, high cost of living

These are not the best of times for Nigerians especially those whose incomes are fixed. Their N18, 000 minimum wage can barely More...

Nigerian youths commend lawmaker on Naija Green Card initiative

Students of tertiary institutions across the nation and the National Youth Service Corps members have commended More...

Nigerians to celebrate bleak Christmas

  Many who spoke to Business Hallmark noted that the incessant hike in the prices of...

Domestic violence: Lawyer calls for training of health personnel

A legal practitioner, Muiz Banire (SAN), has called for more training for health workers in responding...

Abuse of paracetamol can kill you or your kidney, liver

Overuse of Paracetamol, an analgesic- drug used to relieve pains and fever can kill the kidney,...

NICON Insurance, micro finance banks sign MoU to boost Nigeria’s business frontiers

  NICON Insurance has signed a memorandum of Understanding with the National Association of Micro Finance More...

Lloyd’s threat: Anxiety as AON struggles to save Nigerian airlines

There is unease among domestic airlines in Nigeria following a threat by Lloyd’s of London, the world’s leading insurance market, to..

NDIC, CBN set up committee to study digital currency

  The Managing Director, Nigeria Deposit Insurance Commission (NDIC), Alhaji Umaru Ibrahim, has said that the commission and CBN had set..

Experts demand proper use of tourism funds

  Stakeholders in the tourism sector have urged the Federal Government to ensure that allocations meant More...

Fidelity Bank grows revenue by eight percent

Fidelity Bank grows revenue by eight percent …offers N4.6bn as dividend payout In an unpalatable operating environment, Fidelity Bank Plc has..

Minister suspends airport officials, orders probe into Turkish Airlines fiasco

The Minister of State for Aviation, Sen. Hadi Sirika, has ordered the suspension of three top officials of Nnamdi Azikiwe International..

How to revitalize your brand

When a brand gets to maturity stage and nothing is done to rejuvenate it, once it enters the decline stage, it..

Cartel hiked aviation fuel to defraud Nigerians — Airlines

The Airline Operators of Nigeria (AON) has blamed scarcity and persistent increase in the price of aviation fuel on a powerful..

Super Eagles coach, Sunday Oliseh, announces resignation…, His resignation is good riddance to bad rubbish — NFF

  Super Eagles coach, Sunday Oliseh, announces resignation .            His resignation is good riddance to bad..

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  • N4bn 7UP loss exposes rot in real sector

    Okey Onyenweaku Seven up Plc, in a result that has kept investors shuddering, recently posted a mind-boggling N4.8b loss for the third quarter of the year 2016. The result, a total collapse from its 2015 third quarter profit after tax of N2.2b, signposts one of the worst operating performances for the carbonated soft drink manufacturer […]

  • Skye Bank crisis worsens

    …customers, shareholders’ express anxiety Okey Onyenweaku Against the background of an implosion in the earnings of commercial banks in Nigeria, Skye Bank Plc has again grabbed headlines for unsavory reasons. Indeed, emerging developments in the bank underscore a deepening operating and management crisis and has set up the stage for an epic battle to save […]

  • First Bank leads four Nigerian banks in Top 500 Global Banking Brands

        First Bank of Nigeria Limited has been named as the most valuable banking brand in Nigeria in The Top 500 Banking Brands of The Banker magazine of the Financial Times  and Brand Finance, London, United Kingdom for the sixth consecutive time.   According to a press release issued on Sunday by the Country […]

  • N4bn loss: Guinness Nigeria faces more challenges

    Okey Onyenweaku The once cheerful faces of shareholders of Guinness Nigeria Plc has suddenly turned gloomy as their company’s fortunes continues to fall into a never-ending hole. Unable to ride on the back of an increasingly weaker consumer market for alcohol, the company found its 2016 financial statement dipped in red ink as it posted […]

  • Forex crisis: $30bn loan in jeorpady

      Okey Onyenweaku Anxiety is beginning to cloud the possibility of international lenders to give Nigeria the $ 30 billion she needs to restructure her sagging economy. The Nation’s economy which slipped into a recession in the first quarter of 2016 has continued to deepen the government’s desperation for far reaching solutions. The recent drop […]

  • Anxiety over Banks’ year end results

    Okey Onyenweaku Anxiety has begun to drench the expectations of analysts and other stakeholders alike as they continue to fret over the release of year end 2016 results for banks listed on the Nigerian Stock Exchange (NSE). The anxiety of investors reflects the adverse impact a full year of falling gross domestic product (GDP) growth […]

  • Prospects of market recovery bleak

      .           Stocks lose N4trn in 3 years; Blue chips shed 47% value Okey Onyenweaku Nine years after the melt down of global financial markets in 2008, the Nigerian stock market has taken a frightening tumble as the Nigerian All Shares Index (ASI) dropped by an astonishing 60% or -10.7% per annum on a compound […]

  • NICON Insurance, micro finance banks sign MoU to boost Nigeria’s business frontiers

      NICON Insurance has signed a memorandum of Understanding with the National Association of Micro Finance Banks (NAMFB) in order to stem the harsh effects of economic recession on small scale businesses in the country. The pact, sealed by NICON with the umbrella micro finance body, composed of 978 members, is said to be targeted […]

  • Lloyd’s threat: Anxiety as AON struggles to save Nigerian airlines

    There is unease among domestic airlines in Nigeria following a threat by Lloyd’s of London, the world’s leading insurance market, to blacklist them over irregular payment of premiums. This is another unfortunate consequence of a biting economic recession Nigeria is currently undergoing which has among other things thrown the nation into acute shortage of foreign […]

  • Ports get harmonised support portal

      Maritime activities closed last Friday with the Nigerian Ports Authority (NPA) saying the nation’s ports are ready to absorb increase in imported vehicles expected from government’s ban on importation of vehicles through land borders. The Managing Director of NPA, Ms Hadiza Usman, gave the indication in Lagos to mark her 100 days in office. […]

  • NDIC, CBN set up committee to study digital currency

      The Managing Director, Nigeria Deposit Insurance Commission (NDIC), Alhaji Umaru Ibrahim, has said that the commission and CBN had set up a committee to look into the trending “digital currency, ‘Bitcoin’. Ibrahim said this at the ongoing 2016 Workshop for Financial Correspondents in Kaduna. The theme of the workshop is “Economic Recession and the […]

  • Rice smuggling thrives in spite of ban

      The smuggling of rice through the land borders has continued to thrive in Badagry area of Lagos State in spite of the Federal Government’s ban on the practice. Markets along Badagry Expressway close to Seme border, are stocked with various varieties of smuggled rice, especially as the Christmas season approaches. A smuggler, who identified […]

  • Ugwuanyi’s fate hangs in the balance as Appeal Court fails to decide

    The protracted legal tussle between the Enugu State governor, Hon. Ifeanyi Ugwuanyi and former senator representing Enugu North senatorial zone, Ayogu Eze is poised to last longer than anticipated as the Appeal Court sitting in Abuja and presided over by Justice Tinuade Akomolafe-Wilson last week Thursday, reserved judgment on an appeal filed by Eze seeking […]

  • Hallmarknews Backpage

    On November 8, 2016 Americans elected Donald Trump as their 45th president.  By the time you’re reading this, Mr. Trump would have named all his nominees for leadership of various government departments. The president-elect, who will be inaugurated on January 20, 2017, has not only unveiled the lineup of his cabinet, he has also specified […]

  • Union Bank: The stallion reawakens

      After a half century era of dominance of the local banking system up until the mid-1980’s, the bank has gradually seen its relative market disappear. Nevertheless, in the last two years, the institution has regained lost vigour and begun to sprint at an impressive pace with gross earnings and operating margins growing aggressively. In […]

  • Nigerians to celebrate bleak Christmas

      Many who spoke to Business Hallmark noted that the incessant hike in the prices of household goods, especially foodstuffs which have pushed inflation rate to about 20 per cent, has made it very difficult for them to shop for Christmas. Rice which many serve during the Yuletide celebration, which was sold for between N9,000 […]

  • SWEAT, TEARS, ANGUISH: The MMM Crash

      It was a day of reckoning of sorts, participants in the scheme who had before now waved away every warning by government agencies and professional financial analysts as an unnecessary intrusion suddenly realized that they should have listened after all. There were tales of despair, anxiety, fear and hopelessness. There were those who had […]


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