Vitafoam net asset per share hits N7.25…

Nigerian Stock Exchange By Peter Egwuatu Vitafoam Nigeria Plc net asset per share is now N7.25 following its improved 2020 financial performance released to the investing public recently. This is about 54.3 per cent above the N4.70 recorded in 2019. The company has attributed the performance despite the inclement operating environment, to innovation and expansion….

Vitafoam net asset per share hits N7.25…

Nigerian Stock Exchange By Peter Egwuatu Vitafoam Nigeria Plc net asset per share is now N7.25 following its improved 2020 financial performance released to the investing public recently. This is about 54.3 per cent above the N4.70 recorded in 2019. The company has attributed the performance despite the inclement operating environment, to innovation and expansion….

Unilever Nigeria Posts N1.59bn Loss In 2020…

– As Stakeholders Bemoan Gloomy Outlook BEVERLY HILLS, January 24, (THEWILL) – Unilever Nigeria Plc, a leading consumer goods company, recorded N1.59 billion post-tax loss in 2020, representing 62.3 per cent lower than the N4.22 billion reported in the preceding year 2019. The company made this disclosure in its unaudited annual financial report submitted to…

Telecom: 53,460 3G, 4G BTS Deployed In Nigeria – NCC…

BEVERLY HILLS, January 23, (THEWILL) – The Nigerian Communications Commission (NCC) has said that a total of 53,460 third-generation (3G) and fourth-generation (4G) base transceiver stations (BTS) have been deployed in Nigeria in the last five years. Prof. Umar Danbatta, Executive Vice Chairman of NCC, who stated this at a briefing session for the new Permanent…

CBN Bars Exporters With Unrepatriated Export Proceeds From All Banking...

BEVERLY HILLS, January 23, (THEWILL) – The Central Bank of Nigeria (CBN) has instructed that all exporters with unrepatriated export proceeds should be barred from accessing all banking services by 31st January 2021. The CBN gave the directive in a circular sent to all the banks in the country Affected exporters are therefore expected to comply…

ICAN tasks members on Integrity…

The Institute of Chartered Accountants of Nigeria, ICAN, has encouraged members to always uphold the values of objectivity and integrity for which the institute is known. President of the Institute, Dame Onome Adewuyi stated this at the inauguration of Ilupeju/Gbagada & District Society (IGDS) of ICAN and Investiture ceremony, recently. Adewuyi urged them not to…

Dangote tops list of Africa’s richest Billionaires…

Aliko Dangote of Nigeria is Africa’s richest person and has maintained this position for straight 10 years, this is according to the 2021 Forbes’ Africa Billionaires List released on Friday. Also, Mike Adenuga of Globacom, and Abdulsamad Rabiu of BUA Group, both Nigerians, made it to the list as the 5th and 6th richest persons…

Diaspora Remittances: CBN Vows To Sanction Errant Operators…

BEVERLY HILLS, January 22, (THEWILL) – The Central Bank of Nigeria (CBN) has vowed to sanction international money transfer operators (IMTOs) still paying diaspora remittances in the local currency, Naira. The bank had in December 2020 directed that IMTOs and commercial banks in the country pay beneficiaries of diaspora remittances in foreign currencies, in a…

Selling public assets, will boost Nigeria’s economy – Finance Minister…

The Minister of Finance, Zainab Ahmed, on Friday, said the Federal Government’s planned sale of public assets will benefit Nigerians and help to boost the economy. The minister made the statement in a televised interview where she stated that some government assets were currently moribund and would provide little or no value to Nigerians in…

$1.1bn OML 17 development, operations will boost Local Content —...

Bismarck Rewane By Udeme Akpan THE $1.1 billion Oil Mining License, OML, 17, deal, undertaken by TNOG Oil and Gas Limited, a related company of Heirs Holdings and Transcorp will enhance Local content development in Nigeria’s oil and gas industry. In an interview with British Broadcasting Corporation, BBC, monitored by Vanguard, Mr. Bismarck Rewane, an…

Polaris Bank unveils cash flow lending…

product for SME MONEY MARKET Polaris Bank has introduced a cash flow lending product for Small and Medium Enterprises (SMEs) tagged, Polaris Business Loan.   The facility offers both existing and new SME customers of the bank the opportunity to access quick loans for stock replacement, equipment finance, working capital and business expansion to sustain and…

Court sets aside death sentence on Kano singer over blasphemy…

The Kano State High Court (Appeal Division) has set aside the death sentence passed on Kano singer, Aminu Yahaya Sharif, for blasphemy. Nuraddeen Sagir, the state chief judge, who presided over the case, delivered judgement on Thursday He said the trial was full of irregularities as the appellant was not given legal representation. He therefore ordered…