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Banks must Now Provide Instant Refund for Failed ATM Transactions – CBN
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The Central Bank of Nigeria (CBN) has reviewed its Guidelines for the Operation of Electronic Payment Channels and now requires banks and payment service...
Banks Dominate Company Profits as Largest Firms see Growth Slow
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Combined profit of the 30 most capitalized and liquid firms on the bourse otherwise known as the Nigerian Stock Exchange NSE -30, fell by...
Wapic Insurance’s Sticky Expense ratio Should Alarm Investors
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Wapic Insurance Nigeria Plc is spending more in acquiring, underwriting, and servicing premium income, raising concerns about the underwriters’ cost control mechanism.
For instance, expense...
Stocks Track Oil Higher as Investors buy Blue Chips
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Plot a chart of Oil prices against the Nigerian Stocks over the past month and they are almost perfectly correlated.
Nigeria's benchmark index the (NSE)...
Access Bank Takes Over Japaul Assets over Unpaid N37.2 bn loan
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Japaul Oil & Maritime Services Plc, a Nigerian oil-services company has seen its assets forcefully taken over by Access Bank due to accumulated unpaid...
Leadway remains Nigeria’s most profitable insurer despite economic downturn
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Leadway Assurance Limited showed it is still the most profitable and efficient insurer in Nigeria and met obligations to policy makers despite stuttering economic...
Japaul oil Going Concern Status Questioned by Auditors
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PFK accountants and business advisers, the independent Auditors for Japaul oil and Maritime Services Plc, have flagged a material uncertainty relating to the going...
Exchange differences on Deawoo loan sinks Sunu Assurance
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A foreign exchange translation difference on Deawoo loans help tipped Sunu Assurance Nigeria Plc into a loss position even though the insurer recorded strong...
Big Bank Dividends Comparison: GTB, Zenith, UBA, FBNH and Access
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If you are a value investor looking at Banking stocks and wondering which of the names to snap up, how do you make an...
Why Lagos – Badagry Expressway may take 48 years to complete
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The Lagos – Badagry Expressway project that is dear to the hearts of all residents of Lagos living in the Mile-2 to Agbara axis...