The Sterling Bank spreadsheet… an uppity lenders burden

By TESLIM SHITTA-BEY Despite not stirring excitement in recent years, Sterling Bank Plc has run a recession gauntlet and come out looking marvelous. The bank in 2017 grew its gross earnings by slightly under twenty per cent to 19.79 per cent between 2016 and 2017.  The banks gross earnings (a measure of its business volume) rose from N111.4billion More...

by Uchenna Ajah | Published 2 days ago
By Felix OLOYEDE On Sunday, April 22nd, 2018
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SEC expresses worry over spate of delisting companies

Mary Uduk, acting Director-General, SEC FELIX OLOYEDE The spate of highly capitalised companies delisting from the Nigerian Stock Exchange (NSE) calls for some concern, the Securities and Exchange Commission (SEC) More...

By Uchenna Ajah On Saturday, April 21st, 2018
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Chapel Hill Denham to handle MTN $5.23b listing in Nigeria

South African telecoms firm MTN has appointed Nigerian investment firm Chapel Hill Denham as lead manager for the initial public offering of its Nigerian business in Lagos later this year. MTN plans listing on Nigerian More...

By Felix OLOYEDE On Thursday, April 19th, 2018
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NSE Employees Donate to SOS Children’s Village

L – R: Temitayo Ade-Peters, Team Lead, CSR, The Nigerian Stock Exchange (NSE); Mr. Gboyega Fadowole-Aje, National Fund Development & Communication Coordinator, SOS Children’s Villages Nigeria and Olumide More...

By Uchenna Ajah On Monday, April 16th, 2018
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Wema Bank: Making hay in cloudy weather

By OKEY ONYENWEAKU Wema Bank Plc, Nigeria’s last surviving indigenous bank, has said that in 2018 it would ride the economy’s growth curve to deliver superior performance to its various stakeholders. Segun Oloketuyi, More...

By Felix OLOYEDE On Thursday, April 12th, 2018
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NSE restates lifting of suspension of trading in Oando shares

FELIX OLOYEDE Oando File Photo Investors will now be able to resume trading in the shares of Oando Plc, following the lifting of the technical suspension placed on the company’s shares, says the The Nigerian Stock More...

By Uchenna Ajah On Wednesday, April 11th, 2018
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Oando shares move up 10% on Stock Exchange

The shares of troubled energy trader, Oando Nigeria Plc, moved up the maximum 10 per cent to N6.99, within the first one hour of trading on the Nigerian Stock Exchange (NSE) on Wednesday. File Photo Stock trader More...

By Uchenna Ajah On Sunday, April 8th, 2018
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UAC loses steam with 61% PAT decline

By OKEY ONYENWEAKU Once-upon-a-time household goods and office equipment giant, UACN, has continued to see its fortunes plummet as the group fails to find ways to stop the decline in corporate earnings. The business More...

By Uchenna Ajah On Friday, March 30th, 2018
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NSE: Market reopens April 3 as Nestle leads gainers table

The market would reopen on April 3 following the March 30 and April 2 public holidays declared by the Federal Government to mark Easter celebrations, as Nestle Nigeria PLC  led the gainers’ table  at the Nigerian More...