Tuesday, March 3, 2020
Consolidated Hallmark opens N1.05bn rights issue Consolidated Hallmark Insurance says it has received the approval of regulators to raise an additional sum of N1.05bn to increase its capital base…..read more.
Power distributors’ revenue collection rises to N473bn The revenue collected by power distribution companies in the county hit a new record high of N473bn in 2019…..read more.
GTBank posts N198.85bn profit, declares N2.50 final dividend Guaranty Bank Trust Plc has declared a profit after tax of N196.85bn for the financial year ended December 31, 2019 as against N184.71bn reported in 2018, representing a growth of 6.6 per cent…..read more.
Falling interest rates make commercial papers, Eurobond attractive – Experts Eurobonds and commercial papers are gradually becoming alternative options for investors to invest funds that were hitherto stashed in treasury bills, experts have said….read more.
Reps ask NEPC to target 35% non-oil exports The House of Representatives has asked the management of the Nigerian Export Promotion Council to redouble its efforts toward improving non-oil revenue…..read more.
Experts flay indiscriminate withdrawal from escrow account Economic experts have described the creation of Nigeria’s Excess Crude Account (ECA) also called Escrow, by the federal government as not only fraudulent but unnecessary, saying it lacks legal backing in the first place….read more.
‘FG should meter every Nigerian to move power sector forward’ Rather than spending trillions of Naira subsidising the consumption of electricity in Nigeria, the Federal Government has been urged to instead provide meters for every Nigeria, as part of the measures to move the troubled power sector forward….read more.
UBA posts N111b profit, proposes 80k/share final dividend United Bank for Africa (UBA) Plc has posted a profit before tax of N111.3billion for the financial year ended December 31, 2019….read more.
IFC Partners Coronation Merchant Bank The International Finance Corporation (IFC), a member of the World Bank Group, yesterday announced a $40 million Trade Finance Guarantee facility to Coronation Merchant Bank under its Global Trade Finance Program…..read more.
