The upper legislative chamber  has directed pay-tv service providers to halt the increase in their prices in tandem with the economic situation in Nigeria. Specifically, the house kicked against the increase in tariffs by Multi-Choice Nigeria. The upper legislation house has also set in motion machinery to probe Multi-Choice, owners of DSTV and GOTV Satellite’s decoders, over alleged arbitrary price ...

AXA Mansard Plc has announced a dividend payment of N0.25 kobo per 50 kobo ordinary share for the financial year ended 31 December 2021. This dividend payment will be subject to shareholders’ approval at the Annual General Meeting (AGM) and appropriate withholding tax. According to the disclosure filed with The Exchange (NGX), shareholders are to ensure their names are registered ...

Nigeria’s second-largest cement producer, BUA Cement Plc has released its 2021 audited FY results reporting a profit of N90 billion during the period, representing a 24.51% increase The company’s result is on the back of an inflationary year, as most businesses and their consumers have had to deal with rising cost of goods and services. A cursory view of the ...

The Managing Director, Ahmed Kuru, of Asset Management Corporation of Nigeria (AMCON) says the agency has recovered over N1 trillion from debtors. He made this remark  during a visit by the Leadership of the Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN) to him in Abuja. He noted that the corporation has resolved over 5,000 business relationships. According to ...

Online Trading in Nigeria continues to record an upward trajectory amongst young people who are majorly under 35 years of age. Thanks to this era of digitization & increasing mobile data penetration, where you can sit in the comfort of your room and equip yourself with information and knowledge, and start trading with just a click of your finger. Many ...

PZ Cussons Plc has released its 9-month financial result that ended February 2022, revealing a profit of N5.64 billion. The new profits represented a 455% increase from the prior-year period, as revenue grew by 24.27%. The period in review witnessed a wave of increase in prices of goods and services, as inflationary pressures affected both consumers and producers. Similarly, producers ...

Governor Babajide Sanwo-Olu has recognised the impact of women in the development of Lagos State Fidelity Bank Managing Director, Nneka Onyeali-Ikpe and Managing Director Guaranty Trust Holding Company (GTCo), Miriam Olusanya made the list of those honoured. Others include wife of the Lagos State governor, Dr Ibijoke Sanwo-Olu; Ibukun Awosika; media mogul, Mo Abudu; elder stateswoman, Mrs Kofoworola Bucknor-Akerele; and ...

Mr Godwin Emefiele, Governor, Central Bank of Nigeria (CBN) has said that discontinuation of FX allocation to Bureau De Change operators had helped the Naira to remain stable at the Investors and Exporters Window (I&E) window. He made this statement at the 32nd Seminar organised by the CBN, for Finance Correspondents and Business Editors, on Thursday in Akure, Ondo. His ...

The International Monetary Fund (IMF) has not foreclosed granting credit facilities to Nigeria and other emerging economies within its membership, it was learnt recently Speaking during an online media parley in Washington DC, United States (U.S.), the IMF said the facilities would come through its financial safety nets. According to the IMF, the loans are to protect member countries from ...

The Hoteliers’ Association Of Nigeria has called on the Federal Government, and Oyo State particularly to come to the rescue of the industry over outrageous bills and multiple as some of them are on the verge of folding up. The call was made by Ayodele Ogundele, the Association’s President on Monday. According to him, hotels are currently running below 50% ...