Why IBEDC’s Pioneer MD, Fortunato Leynes Resigned •Bolanle Onagoruwa takes charge

By Olaolu Bilau Facts have emerged on the reason behind the sudden exit of the immediate past managing director and chief executive officer of Ibadan Electricity Distribution Company (IBEDC), Mr.…

N300 billion Real Sector Support Facility, CBN Offers 9% Interest Rate

The Central Bank of Nigeria has said it is offering 9% interest rate per annum on the newly- established N3000 billion Real Sector Support Facility (RSSF), This was contained in…

The President, Nigerian Council of Registered Insurance Brokers, Mr. Ayodapo Shoderu, says he is troubled by the pervasive incidence and unpleasant trends of rate-cutting, which adversely affecting the operations of…

The Ag. Director General of the Securities and Exchange Commission, Mounir Gwarzo, was appointed the Chairman of The African/Middle East Regional Committee (AMERC) of the International organisation of Securities Commissions…

CBN Orders MDA’s, Customs, NNPC, Others  to Shut Revenue Accounts

• Says no plan to scrap domiciliary accounts’ The Central Bank of Nigeria [CBN] ordered Ministries, Departments and Agencies to close all their revenue accounts in deposit money banks latest…

By Akin Akinremi Capital market operators have said quoted companies would record mixed dividend payment for the financial year ended 2014, as some of the companies’ corporate earnings might be…

Nestle Nigeria 2014 Full Year Pre-tax Profit Falls 6.1 Pct

Nestle Nigeria said on Wednesday its 2014 full year pretax profit fell 6.1 percent to 24.44 billion naira ($121.59 million) compared with 26.04 billion naira a year earlier. Revenue however…

Nigeria’s GDP Growth Slows Slightly in Q4 2014 to 5.94%

Nigeria’s GDP grew by 5.94 percent in the fourth quarter of 2014, year-on-year, down from 6.77 percent in the same period a year before, due largely to slower growth in the…

General Secretary of the Independent Shareholders Association of Nigeria (ISAN), Mr. Bayo Adeleke will deliver the Year 2015 with ways to ensure better life for retiree as the focus at…

The Industrial And General Insurance Plc has appointed Mr. Rotimi Fashola as its substantive Group Managing Director/Chief Executive Officer. According to a statement from the underwriting firm, Fashola’s appointment, which…