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Nipco acquires 60% stake in Mobil for $301 million

December 4, 2016

MOBIL Oil Nigeria Plc has revealed that Nigeria’s Nipco Investments Limited is offering $301million (about N91.8billion) for 60 percent of Exxon Mobil Oil Corporation (EMOC) shares to become the new controlling shareholder in the company. […]

FCMB records 453% increase in profit in Q3

November 28, 2016

FCMB Group Plc has reported a profit before tax (PBT) of N14.2 billion for the nine-months, ended 30 September 2016. This represents an impressive increase by 453 per cent from N2.563 billion recorded in the […]

14yr old wins NSE Essay Competition

November 28, 2016

Miss Ifeoluwa Toluwanimi Abiodun, a 14 year old student of Babington Macauley Junior Seminary, Ikorodu, Lagos State, has emerged the winner of the 2016 edition of the NSE Essay Competition for Senior Secondary Schools students […]

FMDQ launches the debt capital market development project

November 28, 2016

As an innovation-driven Exchange focused on revolutionising the Nigerian financial markets, FMDQ OTC Securities Exchange (FMDQ), following extensive consultations with stakeholders in the Nigerian financial market space, including the apex capital market regulator, the Securities […]

Sterling Bank strengthens core business in Q3

October 31, 2016

STERLING Bank Plc continued to build on the efficiency, quality and profitability of its core banking business as the latest earnings report released at the weekend showed considerable improvements in key underlying fundamentals of the […]

Expert urges increased investment in non-oil sectors

October 17, 2016

Investment analyst at FSDH Securities have advised the Nigerian Banking industry to increase lending to other sectors of the economy that have local and export contents as viable alternatives towards overcoming the challenges of the […]

Dangote Flour records N2.64bn after take over

August 15, 2016

Months after its re-acquisition from Tiger Branded  Consumers Goods, Dangote Flour Mills has returned to profitability, posting a profit before tax (PBT) of N2.64 billion in the half year ended  June 30, 2016, compared to a loss of […]

Pharma-Deco turnover drops 55% in 1H2016

July 18, 2016

Pharma-Deko Plc, a reputable pharmaceutical and consumer manufacturing company, has declared huge decline of 54.63 per cent in its turnover for the half year ended June 30, 2016. The company’s in the half year unaudited […]