Business (Page 51)

By Itohan Abara-Laserian First Bank of Nigeria Ltd has unveiled First Global Transfer (FGT) to promote international transfer of funds across its subsidiaries in sub-Saharan Africa. FirstBank Chief Executive Officer, Dr Adesola Adeduntan, disclosed this in a statement made available to the News Agency of Nigeria (NAN) on Friday inContinue Reading

By Chinyere Joel-Nwokeoma Investors on the Nigerian Stock Exchange (NSE) on Friday staked N13.62 billion on 587.74 million shares in 4,895 deals. This was in contrast with 493.17 million shares valued at N4.72 billion exchanged in 5,486 deals on Thursday. Mansard Insurance dominated trading activities, accounting for 282.32 million sharesContinue Reading

By Victor Adeoti Gov. Gboyega Oyetola of Osun, on Thursday, said the sum of N100 million has been set aside to boost Micro Small and Medium Enterprises (MSMEs) development in the state. Oyetola said his administration had adopted a proactive strategy to stimulate the state’s economy adversely affected by theContinue Reading

By Chinyere Joel-Nwokeoma The nation’s bourse extended negative trend for the third consecutive trading session following sell pressure on Nigerian Breweries, Dangote Sugar Refinery and tier-1 banks. The All-Share Index on Thursday declined further by 157.39 points or 0.40 per cent to close at 39,394.67 from 39,522.06 posted on Wednesday.Continue Reading

By Chinyere Joel-Nwokeoma The nation’s bourse closed trading on Tuesday on a negative note, due to price depreciation posted by Nestle and other 25 stocks. Consequently, the benchmark index declined by 233.81 or 0.59 per cent to 39,697.62 from 39,931.63 achieved on Monday. Accordingly, the month-to-date and year-to-date losses increasedContinue Reading

By Vivian Ihechu Nestlé Nigeria Plc has announced its financial results for the year 2020, posting a revenue of N 287.1 billion with 1.1 per cent growth over the previous year. Gross profit for the year 2020 stood at N 119.2 billion, compared to N 128.1 billion during 2019. TheContinue Reading