The police has arraigned two men, Tijani Rasheed, 29 and Tosin Oluwafemi, 30, in an Ile-Ife Magistrates’ Court for allegedly stealing a cellphone from a mosque The prosecutor, Insp Emmanuel Abdullahi, told the court that […]
The National Emergency Management Agency (NEMA) has advised Nigerians to avoid traveling at night, especially during the yuletide, saying that night journey could put travelers in more danger, particularly accident. The Head of Imo/Abia operations […]
An ex-nurse in Germany has admitted at the start of his trial that he murdered 100 patients, making him one of the world’s most prolific serial killers. Detectives say Niels Högel, 41, administered fatal doses […]
Apple Inc (AAPL.O) on Tuesday is expected to unveil updates to its Mac computers and iPads that include facial recognition features that have been available in the iPhone lineup at an event in Brooklyn. Analysts […]
GENEVA – Some 34 migrants have died in a shipwreck in the western Mediterranean, which 26 people survived, the U.N. migration agency said on Tuesday, citing the Moroccan navy and a Spanish aid […]
JOHANNESBURG – South African energy regulator NERSA on Tuesday gave power utility Eskom the go-head to recover 32.69 billion rand ($2.25 billion) of costs incurred over the past three years through higher tariffs over […]
BENGHAZI, – Libyan commander Khalifa Haftar, a key figure in the future of the troubled North African country, still supports plans for national elections in December but says other players are not fulfilling their […]
Unidentified gunmen have killed Mr. Azi Magaji, head driver to the Plateau House of Assembly Speaker, and Mr. Edward Ankpa, a security personnel with the Jos University Teaching Hospital (JUTH) DSP Terna Tyopev, the Plateau […]
By Nse Anthony-Uko (Sundiata Finance) — Real estate analysts have predicted a highly upbeat trend for Nigeria’s Real Estate Investment Trust (REITs) market in 2018 and beyond. Nigerian REITs market is underdeveloped with only three […]
By Nse Anthony-Uko (Sundiata Finance) – United Bank of Africa (UBA), has launched an artificial intelligence (AI) banking which rides on social networks by offering seamless transactions for its customers through a collaboration with Facebook. […]
By Nse Anthony-Uko (Sundiata Post) — The new managing director and chief executive officer of Premium Pension Limited(PPL), Mr. Umar Sanda Mairami is targeting to grow the pension assets base of the company from its […]
By Nse Anthony-Uko (Sundiata Finance) – Chief executive officer of Union Bank, Mr. Emeka Emuwa, has the bank would deploy fresh capital across identified business areas and it is expected to increase capacity to serve […]
By Nse Anthony-Uko Seven-Up Bottling Company (7UP) announced that its majority shareholder, Affelka S.A, a privately-owned Lebanese firm, has revised the scheme consideration upward to N125 per share. It would be recalled that Seven-Up Bottling […]
By Nse Anthony-Uko (Sundiata Finance) — The Central Bank of Nigeria (CBN) has directed Other Financial Institutions (OFIs) to place all accounts without Biometric Verification Number (BVN) on a ‘post no debit’ status. OFIs operators […]
By Nse Anthony-Uko (Sundiata Finance) – Nigerian stocks have rallied to their highest level since 2014, as the dust settles on a bruising economic recession that hammered company profits and share prices. The All Share […]
By Nse Anthony-Uko (Sundiata Finance) – Diamond Bank has been awarded the ISO/IEC 20000-1:2011 certification by the British Standard Institute (BSI) Group. The certification, which was awarded after a rigorous process and systems audit by […]
By Nse Anthony-Uko (Sundiata Finance) — The board of directors of Vitafoam Nigeria Plc on Monday recommended a total dividend payout of N156.3 million to its shareholders for the financial year ended September 30, 2017. […]
By Nse Anthony-Uko (Sundiata Finance) – The Central Bank of Nigeria (CBN) has said banks that failed to comply with its payments system rules and regulations will be sanctioned N10,000 per week. The apex bank […]
(Sundiata Finance) – With optimism that stocks would extend the gains seen in 2017 in the New Year, analysts have identified stocks that could drive such a rally. The All Share Index was up 42 […]
By Nse Anthony-Uko (Sundiata Finance) – Flour Mills of Nigeria (FMN) Plc at the weekend said it would be raising an additional capital of N39.9 billion through its existing shareholders. Following the receipt of shareholders’ […]
By Nse Anthony-Uko (Sundiata Finance) – Following the recent acquisition of 60 per cent stake in Legacy Pension Managers by First City Monument Bank (FCMB) Group, bringing its interest in the company to 88 per […]
By Nse Anthony-Uko (Sundiata Finance) — Fitch, a global credit rating agency, has predicted negative outlook for Nigerian banks this year over continued fragility in the operating environment, stating that they may find it more […]
10 dealing members account for N93.36trn By Nse Anthony-Uko (Sundiata Finance) — FMDQ OTC Securities Exchange recorded a turnover of N130.17 trillion in the first 11 months of 2017. With average exchange rate of N317.24 […]
By Nse Anthony-Uko (Sundiata Finance) — A Tier- II lender, Fidelity Bank Plc has emerged as best performing bank stock in 2017 on The Nigerian Stock Exchange (NSE) as it has rallied by 193 per […]
By Nse Anthony-Uko (Sundiata Finance) – The Nigerian Stock Exchange (NSE) has emerged as the world third best performing stock market for 2017 among major global stock exchanges. Its 41.30 per cent year to date […]
FG restates commitment to reduce cost of debt By Nse Anthony-Uko (Sundiata Post) – The Nigerian Stock Exchange (NSE) has admitted the FGN 30 year $1.5 billion Euro Bond, FGN 10 year $1.5 billion Euro […]
YAOUNDE, (Sundiata Finance) — The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IDB) Group (www.IsDB.org), signed a EUR 100 million syndicated agreement with the Government of Cameroon and […]
(Sundiata Finance) – Dangote Cement on Monday sold 550 million shares worth $350 million at N225.7 each to the African Fun of a foreign investment company, in a one-stock market deal. The deal was between […]
By Nse Anthony-Uko (Sundiata Finance) — The Nigerian Stock Excgange (NSE)equities market, Monday lost N170 billion, beginning the week in the red. In summary, the All Share Index (ASI) shed 478.12 absolute points, representing a […]
(Sundiata Finance) — Banks accounted for 64.2 per cent of NSE 30 Index’s profits earned in the first nine months of 2017 as the sector provides over 50 per cent liquidity on the exchange. Zenith […]
By Nse Anthony-Uko (Sundiata Finance) — Bank customers would soon be able to clear their cheques within hours thus paving the way for faster financial transactions within the country. Currently, bank cheques clear in 24 […]
By Nse Anthony-Uko The Nigerian Stock Exchange (NSE) has admitted an additional volume of 51.3 million ordinary shares of 50 kobo each of Union Bank of Nigeria Plc on the daily official list of the […]
By Nse Anthony-Uko (Sundiata Finance) – Access Bank Plc has upgraded its Mobile and Internet banking platforms to provide an Omnichannel experience alongside a range of new and exciting features. The Omnichannel experience simply means […]
By Nse Anthony-Uko (Sundiata Finance) – Leading digital money transfer service WorldRemit has raised $40 million to drive its next phase of global growth, aiming to serve 10 million customers connected to emerging markets. Half […]
By Nse Anthony-Uko (Sundiata Finance) – Total direct remittances under the watch of Central Bank of Nigeria (CBN) in nine months of 2017 rises to estimated N1.8 trillion or $5.8 billion, current data has shown. […]
Plans Expansion to North, FCT By Nse Anthony-Uko (Sundiata Finance) – Accion Microfinance Bank said it has disbursed a total of N79.8 billion to its customers between 2007 when it commenced business operations in Nigeria […]
By Nse Anthony-Uko (Sundiata Finance) – Equities trading on the Nigerian Stock Exchange (NSE) for the month of December began on the positive note, as capital market operators see stocks market record overall impressive performance […]
By Nse Anthony-Uko (Sundiata Finance) — Guaranty Trust Bank Plc said it has been recognised as the 2017 ‘Bank of the Year Nigeria’ at the Banker Awards. The Banker Award event took place in London, […]
By Nse Anthony-Uko ABUJA, (Sundiata Finance) — The federal government savings bonds which debuted in March, 2017 has opened its last leg of subscription for this year which will close December 8, 2017. This subscription […]
(Sundiata Finance) — The Central Bank of Nigeria (CBN) on Monday disclosed that naira for the first time weakened marginally to N307 against the dollar at the official interbank market. Traders attributed the drop to gradual […]
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