Stanbic FY 2019: Modest earnings despite frail Q4 performance
Stanbic recently released its FY 2019 UNAUDITED results wherein Gross Earnings grew 5% y/y growth to N233.8 billion, slightly below…
Year: 2020
Trump signs US Mexico Canada Agreement
US President Donald Trump has formally signed a new trade pact with Mexico and Canada, bringing his campaign promise to…
Facebook stock falls after showing 51% rise in expenses
Facebook beat on top and bottom lines, but the stock fell more than 7% on Wednesday after the company reported rising…
Tesla spikes on earnings beat, says Model Y production underway
The company guided that solar and storage deployments should grow at least 50% in 2020. Tesla had already reported deliveries…
UBA announces board appointments
The United Bank for Africa (UBA) Plc has announced the appointments of Aisha Hassan-Baba and Kenneth Orji as Non-Executive Directors…
NSE unveils growth board for startups, SMEs to deepen nation’s capital market
Mr Oscar Onyema, NSE Chief Executive Officer, said at the official launch of the board in Lagos that the initiative…
How to boost listed firms’ businesses, spur voluntary tax compliance
Capital market investors have underscored the need for government to pay more attention to infrastructure development to enhance businesses of…
Nigeria To Begin Rice Exportation In 2020
Increased production and capacity utilisation by rice millers across the country, may have boosted Nigeria’s quest to commence exportation of…
Boeing posts $636m loss, first in 20 years
Boeing reported on Wednesday its first annual loss since 1997, as the company continues to grapple with the fallout of…
MTN budgets $1.6 billion to invest in Nigeria
The Minister of Communications and Digital Economy, Dr Isa Pantami, has expressed delight as the Mobile Telephone Network (MTN) budgeted…
Asian stocks fall again over virus fears while US, European markets recover
Worries over the Wuhan coronavirus caused further steep drops on markets in Asia on Tuesday. But stocks in Europe and…
FG records N1.14 trillion budget deficit in three months
The Federal Government (FG) ran a deficit budget of N1.14 trillion in Q4 2019 compared to the N479.62 billion recorded…
FG crafting 10-year National Development Plan ― Budget Minister
The federal government is crafting a 10-year National Development Plan, the Minister of State, Budget and National Planning, Prince Clem…
Coronavirus: Companies tell workers ‘stay at home’
Companies in China have advised staff to work from home in an attempt to slow the spread of the deadly…
Britain favours Huawei’s 5G rollout as against US
Huawei could be about to find itself at the center of an intense political rift between Britain and the United…
Global stock markets roiled as China’s coronavirus spreads
Investors worldwide have been spooked by the rapid spread of the Chinese coronavirus, with stock markets around the globe sharply…
FG offers $1.1billion Agric mechanisation scheme
No less than 100,000 youths are to benefit directly from the Federal Government’s $1.1bn agriculture mechanisation scheme known as the…
Shakeup in Unilever management following massive losses recorded in 2019
Last November, Unilever Nigeria announced the resignation of its CEO, Yaw Nsarkoh. Prior to his resignation, Mr Nsarkoh was placed…
Nigeria govt restructures cocoa industry to benefit from $67bn global market
The Federal Government (FG) is collaborating with the Governors of cocoa-producing states and other stakeholders to enable Nigeria benefits from…
Recapitalisation: NAICOM plans to retain 70% local content
Equities listed on the Nigerian Stock Exchange generated a total turnover of 1.237 billion shares worth N22.76bn in 21,156 deals…
7.5% VAT implementation begins February 1
The Federal Government will from Saturday (February 1) begin the implementation of 7.5 per cent Value Added Tax espoused by…
NSE Employees Donate Funds To Support WARIF Foundation
As part of its Employee Give-Back initiative, employees of The Nigerian Stock Exchange (“NSE” or “Exchange”) have donated funds to…
Firstbank wins mobile app, retail bank awards
First Bank of Nigeria Limited has been named 2019 “Best Mobile Banking App” and the “Fastest Growing Retail Bank” winner…
Coronavirus: European stocks sink as virus sparks investor panic
Europe’s main equity markets plunged at the open on Monday, mirroring losses elsewhere on investor panic over the deadly coronavirus.…
Trump is threatening a damaging new trade war with the United Kingdom after Brexit
President Donald Trump is threatening to launch a damaging new trade war with the United Kingdom as the country prepares…
Bonds look like they are flashing a warning for global markets
A key interest rate is moving to levels last seen in the fall when markets were worried about the trade…
CBN raises Cash Reserve Ratio to 27.5%
The Central Bank of Nigeria has raised the Cash Reserve Ratio from 22.5 per cent to 27.5 per cent. Briefing…
Tax experts urged to leverage opportunities in Finance Act
Tax practitioners have been urged to leverage the many opportunities that abound in the new Finance Act. For instance, under…
Banking sector gross credit grows by N2trn in 7 months — Emefiele
The Central Bank of Nigeria governor, Godwin Emefiele (CBN) says the Banking Sector Gross Credit has grown by two trillion…
Central Bank of Nigeria appoints directors
The Central Bank of Nigeria (CBN) has announced the appointment and redeployment of some directors. A statement from the CBN…