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The Nigerian Stock Exchange (NSE) at the weekend announced the results of the biannual review for The NSE 30 and the five Sectoral Indices of The Exchange – The NSE Banking, The NSE Consumer Goods, The NSE Oil & Gas, The NSE Industrial and The NSE Insurance. The composition of these indices after...

Stories by Bamidele Ogunwusi Lagos Facts are daily emerging on the lingering controversy between the Securities and Exchange Commission (SEC) and BGL Group Plc. SEC, according to investigation by Daily Independent, received over 40 letters of investor complaints against BGL Group alleging indebtedness to the tune of about N5.8 billion. Investigations were conducted and...

By Bamidele Ogunwusi and  Akinwunmi King   In line with its corporate disposition to sustainable women empowerment, Ecobank Nigeria is partnering Women’s Entrepreneurship Day (WED) on the hosting of this year Women of West Africa Entrepreneurship (WOWe) Festival. WOWe Festival 2015 with the theme ‘Vision to Reality’ slated for June 25 and 26 will provide the...

The Nigerian Stock Exchange (NSE) has recorded a 47.17 per cent growth in total income for the financial year ended December 31, 2014. Its total income grew to N7.950 billion in 2014 as against N5.401 billion recorded during the corresponding year of 2013. The Exchange in an annual report said Its revenue stood at N6.533 billion from N4.576 billion reported in 2013, accounting...

To the delight of its teeming customers and card holders, Access Bank Plc has reaffirmed the uniqueness of its range of Access Visa cards especially for holidaymakers during the summer period. Specifically, the Bank has assured customers of the security and convenience of electronic payments when they use Access Visa card. The Access Visa card is an international card,...

By Bamidele Ogunwusi  -  Lagos Shareholders of CAP Plc, a subsidiary of UAC of Nigeria PLC and manufacturer of Dulux, a leading global paint brand, applauded the board and management of the company for leading the company’s path to profitability. This is as they approved a dividend of N1.645 billion, representing an interim dividend of 150 kobo and final dividend of...

Petralon Energy is pleased to announce the appointment of Mutiu Sunmonu and Aigboje Aig-Imoukhuede as Chairman and Non-Executive Director (respectively) to the Board of Directors of Petralon Energy Limited. Sunmonu is the former Managing Director of Shell Petroleum Development Company of Nigeria (SPDC) & Country Chairman of Shell Companies in Nigeria with an oil &...

By Bamidele Ogunwusi, Lagos   A group of retail market operators in Nigeria have called on the federal government to establish a framework that will see to the growth of retail industry in Nigeria. The operators who spoke at the Retail Leadership Conference in Lagos charged the Government on the important of retail industry in Nigeria, which is suffering as a result...

Corneille Karekezi, Group Managing Director/CEO, African Reinsurance Corporation (Africa Re), spoke with journalists at the recently concluded annual conference of the African Insurance Organisation in Tunisia, lamenting that about 80 percent of insurance premium is being lost to foreign reinsurers due to the low capital base of most insurers in Africa, among other issues....

By Bamidele Ogunwusi  -  Lagos The Director of the Nigeria Interbank Settlement System (NIBSS), Mr. Ade Shonubi, has said that there is no plan by the...