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Business

GTCO NGX to Maximise Value

GTCO Generates N207.9bn in First Six Months of 2021

September 10, 2021
By Dipo Olowookere One of the leading lenders in Nigeria, Guaranty Trust Holding Company (GTCO), announced on Thursday that its gross earnings in the first six months of 2021 stood at N207.9 billion, 7.64 per cent lower than the N225.1 billion reported in the same period of 2020. Analysis of the half-year results of the company by Business Post showed
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Nigerian Stocks

Nigerian Stocks Struggle on Low Investor Confidence

September 10, 2021
By Dipo Olowookere It is not a good time for Nigerian stocks at the moment as investor sentiment remains negative as the market awaits a positive trigger to propel another round of buying interest. On Thursday, the Nigerian Exchange (NGX) Limited slightly went down by 0.01 per cent to extend its stay at the negative territory for the fourth straight
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UBA Dividend

UBA Raises Half-Year Dividend by 17.7% Amid 36.5% Rise in Net Profit

September 10, 2021
By Dipo Olowookere The board of United Bank for Africa (UBA) Plc has given shareholders of the company a reason to smile and possibly prepare for a feast as it has increased the interim dividend payout for 2021 by 17.7 per cent. On Thursday, the financial institution released its financial statements for the period ended June 30, 2021, to the
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Crude Reserves

Oil Prices Fall as China Releases Crude Reserves

September 10, 2021
By Adedapo Adesanya Oil prices went south on Thursday after China announced it would release oil from its strategic reserves just as there were smaller than expected crude inventories in the United States. China’s state reserves administration said yesterday that the crude reserves would be released to the market via public auction to ease the pressure of high feedstock costs
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naira and dollar

Panic as Worsening Dollar Shortage Sinks Naira to N540/$1

September 10, 2021
By Adedapo Adesanya The worsening Dollar shortage in Nigeria is beginning to cause panic in the country’s foreign exchange (FX) market, especially in the unregulated segment. This is putting pressure on the Central Bank of Nigeria (CBN) as some observers and stakeholders, including manufacturers and investors, are waiting for the apex bank to quickly look into its forex policies to
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Politics

Nigeria OPEC

OPEC Woos Namibia After Angola’s Exit

April 18, 2024
By Adedapo Adesanya Africa may yet get another producer in the wider Organisation of the Petroleum Exporting Countries and its allies (OPEC+) after the exit of Angola and other players in recent years, as the group is considering Namibia for membership. According to a top African industry official quoted by Reuters, OPEC+ will have to ensure Namibia joins its Charter
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Travel

Latest

UN Official Assesses Human Trafficking in Nigeria

By Modupe Gbadeyanka A human rights expert with the United Nations, Maria Grazia Giammarinaro, has conducted a survey to assess the issue of trafficking in persons in Nigeria. The UN Special Rapporteur was in the country for an official visit from September
September 11, 2018
capital market operators

Fidelity Bank, Skye Bank, Unity Bank, Others Risk Sanctions

By Modupe Gbadeyanka Not less than 28 companies trading their shares on the Nigerian Stock Exchange (NSE) risk being sanctioned by the regulator for failing to meet post-listing requirements, timely release of operational reports and financial statements. According to The Nation, the
September 11, 2018

The Future of Kogi East and Victor Adoji’s Aspiration

By Omachi Achor Ever since Kogi State was created, our pending problems have always been our inability to provide or elect for ourselves a good and responsible government that will always react adequately to the problems of the state and also proffer
September 11, 2018
bread nigeria

Bread Price Hike Imminent—Bakers

By Modupe Gbadeyanka Nigerians may soon have to pay more to purchase a loaf of bread at the market if feelers from the Premium Bread Makers Association of Nigeria (PBAN) are anything to go by. The association disclosed at a press briefing
September 11, 2018
forex Black Market

Naira Loses 0.02% at Interbank, 0.09% at I&E

By Modupe Gbadeyanka The performance of the Naira against the Dollar at the foreign exchange market was not too impressive on Monday. This was because the local currency recorded a marginal loss in value against the Dollar at the forex market. Business
September 11, 2018

FIRS Targets Tax-to-GDP Ratio of 20% by December 2018

By Modupe Gbadeyanka Plans are being made by the Federal Inland Revenue Service (FIRS) to increase the national tax revenue to the Gross Domestic Product ratio to at least 20 percent by December 31, 2018. This information was revealed in a communiqué
September 11, 2018

T-Bills Market Bearish Amidst Significant Buoyant Liquidity

By Modupe Gbadeyanka Treasury bills market remained broadly bearish on Monday despite the significantly buoyant level of system liquidity with yields trending higher across the curve. According to Zedcrest Research, this came on the back of continued selloffs across the short and
September 11, 2018
godwin obaseki edo state

Obaseki Raises Edo Monthly IGR to N2b

By Modupe Gbadeyanka Efforts being made by Governor Godwin Obaseki of Edo State to make the Heartbeat of Nigeria financial strong are already yielding results. The Mr Obaseki administration has raised the monthly internally generated revenue (IGR) of the state from N1.55
September 11, 2018
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