Shareholders call for sack of Oando Management as crisis worsens

OKEY ONYENWEAKU These are tough times for local oil and gas giant, Oando Nigeria Plc and not many of its shareholders are smiling. The company Wale Tinubu, MD, Oando Plc. has been embroiled in a series of crisis over the last three years and each predicament appears to have been worse than the previous one. The company’s shareholders have shown fiery More...

by Felix OLOYEDE | Published 1 day ago
By Okey Onyenweaku On Monday, October 9th, 2017
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Lafarge poised to increase market share

  Okey Onyenweaku Lafarge Africa has annouced plans to raise fresh funds through a Rights Issue. The Cement Company plans to raise a whooping N131.65billion at N42.50 per share by issuing 5 new shares for every More...

By Vera Olubi On Sunday, September 3rd, 2017
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Breweries battle poor returns on lager

OKEY ONYENWEAKU Almost all sectors of the economy have got bloodied as a result of a crippling economic recession which has seen five consecutive quarters of negative growth until the marginal reversal of 0.52 per More...

By hallmarknews On Tuesday, August 15th, 2017
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Broad Street Watch: What really is Nigeria doing right?

  Teslim Shittay-Bey  | It is almost cliché that Nigeria is the sick man of Africa. All things dark and ugly have gradually found a nestling home in Africa’s largest black nation.  Ranging from bloody More...

By Vera Olubi On Monday, July 17th, 2017
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Resurgent naira boosts investor confidence

FELIX OLOYEDE | Renewed investor confidence in the Nigerian foreign exchange market and the Central Bank of Nigeria’s (CBN) continued interventions have eased pressure on the naira as the country’s currency More...

By Vera Olubi On Monday, June 26th, 2017
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Etisalat crisis drags market to three week low

FELIX  OLOYEDE The crisis between telecommunication company, Etisalat Nigeria, and a consortium of 13 commercial banks over a $1.2 billion loan has dragged the All Shares Index (ASI) down to its lowest value in More...

By hallmarknews On Wednesday, December 21st, 2016
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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 More...

By hallmarknews On Wednesday, December 21st, 2016
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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 More...

By hallmarknews On Wednesday, December 21st, 2016
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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 More...