Posted in NAIJA BIZ

Access Bank to raise $200 million through rights issue

Access Bank will embark on a $200 million fundraising exercise to keep its capital well above the regulatory requirements. According to Financial Times, Access Bank…

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May & Baker Plc says it could pay dividends despite difficult year

May & Baker Plc said it has the capacity to pay dividends to its shareholders despite the difficulty it has experienced during the 2018 financial…

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Sterling Bank set to host #EatDrinkFestival this December

Tier-two lender Sterling Bank in partnership with popular food blog Eat Drink Lagos will be organizing a 2-day food festival. The event tagged #EatDrinkFestival will take place…

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CCNN reports revenue growth of 43.5% in Q3 2018

Cement Company of Northern Nigeria (CCNN) Plc has released its financial results for the third quarter ended September 30, 2018. Here are key highlights of…

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What might be your fate as a Diamond Bank Staff

As the news of Access Bank’s likely merger with tier two lender, Diamond Bank continues to filter into the financial system, one thing that would…

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Access Bank issues statement on merger with Diamond Bank

Access Bank has formally announced the signing of a Memorandum of Agreement (MoA) with Diamond Bank regarding a potential merger of the two banks. The…

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Access Bank merger: This is what will happen to your Diamond Bank Deposit

As the news of Access Bank’s merger with tier two lender Diamond Bank continues to reverberate across the country, the primary concern for many Nigerians will…

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Insurance coys settle N145bn claims in Q3 – NAICOM

The National Insurance Commission (NAICOM) on Sunday, said that a total of N145 billion was paid as claims to policy holders by insurance companies in…

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Why Nigeria is suing Royal Dutch Shell and ENI for $1.1bn

In a not-so-surprising move, the Nigerian Federal Government, yesterday, instituted legal action against the Royal Dutch Shell and ENI in a London commercial court. This…

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Trouble as Lawmakers plans to shun 2019 budget presentation

Nigerian lawmakers have threatened to boycott the presentation of 2019 budget estimates by President Muhammadu Buhari. This, according to some members of the House of Representatives,…

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This payment channel had the highest value of transaction in Q3 2018

The National Bureau of Statistics (NBS) has released the Selected Banking Sector Data for Q3 2018 and the data released has revealed that the channel of…

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Why C&I Leasing shares was placed on suspension

The nation’s bourse, the Nigerian Stock Exchange (NSE) yesterday placed full suspension on trading in the shares of C & I Leasing Plc. According to…

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Nigeria’s first gold refinery to provide over 500,000 jobs

Nigeria’s first gold refinery to be completed by the end of the first half of next year. This was confirmed at a ground-breaking ceremony on Thursday….

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Why Capital Hotels paid over N500 million as damages to an ex guest

In a notice to the Nigerian Stock Exchange (NSE) recently, Capital Hotels Plc stated that it had the sum of N560 million deducted from its…

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NCC says MTN, CBN dispute will be over soon

The Nigerian Communications Commission (NCC) has once again assured that that the $8.1 billion dispute between South African telecoms giant, MTN and the Nigerian central…

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Again, PZ Cussons Plc laments challenges in Nigeria, hints at loss

PZ Cussons Plc, the parent company of Nigeria’s popular consumer goods manufacturer, PZ Cussons Nigeria Plc, has once again complained that the unfavourable economic situation in…

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This is why GE unveiled e-learning portal for entrepreneurs

In line with its commitment to skills development and the empowerment of entrepreneurs in Nigeria, General Electric has officially unveiled an e-learning portal for its Lagos…

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How Fowler’s FIRS is set to make N5.3 trillion by year end

The Executive Chairman, Federal Inland Revenue Service (FIRS), Tunde Fowler has disclosed how the agency generated N5 trillion as at the second week of December…

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Heirs Holdings Signs $600 million Facility Deal with Afrexim Bank, to scale its Energy Investments.

As a further demonstration of the African Export-Import Bank’s (“Afrexim”) mandate to facilitate the growth of intra-Africa trade and support the development of African businesses,…

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Nigerian Breweries in trouble over inscription on product

Nigerian Breweries Plc has been dragged to court over a wrongful inscription of low sugar on one of its product. Ernest Izevbigie, a professor of Biochemistry alleged…

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