spot_img
- Advertisement -spot_img
25 C
Lagos
Monday, April 19, 2021
- Advertisement -spot_img

CATEGORY

Exclusive

Ikeja Electricity Distribution Company Reports First Profit in 5 Years

One of the 2 major electricity distribution companies (DisCos), serving Nigeria’s commercial hub of Lagos returned to profitability for the year 2019, as it...

Custodian Investment’s Creative Accounting Raises Doubts Over Planned Capital Raise

Custodian Investment Plc, formerly Custodian and Allied Plc, a Nigeria-based firm is operating more like a hedge fund, while masquerading as a holding company...

UBA adds N2trn in Assets in 2020, Now Third Largest Bank by Assets in Nigeria

It has been quite a fantastic year for UBA and its shareholders as the bank added nearly N2.1 trillion in total assets to become...

Okomu Oil Set to Commission New 30t/hr Oil Mill in July 2021

Okomu Oil Palm Plc, a firm that develops oil palm plantation, mills palm oil, and processes palm kernel as well as develops rubber tree...

Nigeria Cement Firm’s Expand Rapidly with Eye on Export Markets

Nigeria's current cement demand has been met with 51Mt/annum in production capacity, held by Dangote (32Mt), Lafarge (11Mt) and BUA (8Mt).Altogether the plants operate...

Nigeria Set to Issue Eurobonds as External Debt Rose $6.4bn in 2020 

The Federal Government of Nigeria is working on issuing eurobonds and plans to pick advisers through an open bid process, the head of the...

Nigerian Banks take N263 billion Impairment After Coronavirus

Nigeria’s largest banks have taken N263.13 billion in impairment charges for credit losses in 2020 as the coronavirus pandemic accelerates the rate of provisioning. The...

Most Listed Insurers Have Capacity to Undertake New Policies

Listed insurers who operate in unfavorable underwriting environments have the capacity to underwrite new policies as their assets can cover liabilities for all claims...

Access Bank Acquired Transnational Bank Kenya for N5.517bn

Access Bank of Nigeria recently acquired Transnational Bank in Kenya with effect from 20 July 2020.The acquisition involved the Bank acquiring the 99.98 percent...

Access, Union Bank not Efficient as Return on Equity Lags Costs

A number of Nigerian banks are not economically efficient, as their returns on equity aren’t keeping pace with costs. Specifically, Access Bank and Union Bank...

Latest news

- Advertisement -spot_img