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A.G Leventis Declares N264.7m Dividend

A.G Leventis Nigeria Plc monday recommended a dividend of N264.729 million for the year ended December 31, 2015. The dividend, which translates to 10...
Business

UAC restructures three subsidiaries, pays N1.92b total dividend

UAC of Nigeria PLC (UAC) has concluded plans to restructure the operations of three of its subsidiaries. The companies are UACN Property Development Company Plc,...
Business

How Access, UBA, Union, GTB other banks lost 34% profit in 2016 to bad loans

There are clear indications that bad or Non-Performing Loans (NPL) may account for as much as 34 per cent loss of profits in the...
Business

EFCC arrests Gombe govt house accountant over Diezani’s $15m campaign fund

The Economic Financial Crimes Commission, EFCC, has arrested the accountant of Gombe State Government House, Mohammed Balbaya, for allegedly receiving N338 million from Fidelity...
Business

Senate invites Emefiele, Ngige, Bank CEOs over bank retrenchments

The Senate has summoned the Minister of Labour, the Central Bank Governor and the Chief Executives of commercials banks to give reasons for the...
Business

Exclusive: Buhari’s Surprise for Nigerians – Ogbannaya Onu

Dr. Ogbonnaya Onu was elected the first Governor of old Abia State and his Fellow Governors elected him as the first Nigerian to be...
Business

Oil Producing States: Aje Oilfield, Lagos, Produces in Excess of 10,000 bpd

The two wells in Aje oil field located in Oil Mining Lease (OML) 113, offshore Lagos, have tested in excess of 10,000 barrels of...
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