Heritage Bank wins bid for Enterprise Bank

THE Asset Management Corporation of Nigeria (AMCON) has announced HBCL Investment Services Limited as preferred bidder and Fidelity Bank PLC as reserve bidder for...

US Firms Battle NNPC, CAC over Ownership of Pan Ocean Oil

Interocean entities, comprising Interocean Oil Development Company (Nigeria) and Interocean Oil Exploration Company (Nigeria), companies incorporated under the laws of Delaware in the United...

Bill Gates’ to spend $50m fighting Ebola outbreak

Gates Foundation make sits largest ever pledge to a humanitarian crisis to help fight against deadly Ebola virus outbreak in West Africa The Bill &...

May & Baker seeks protection of local manufacturers

May and Baker Nigeria Plc has called on the Federal Government to ensure protection of local manufacturers in areas such as patronage and importation...

Nigeria leads South Africa, others on retail opportunities, says RMB

Rand Merchant Bank (RMB) has said Nigeria is leading South Africa, Egypt, Ethiopia, Libya and Democratic Republic of Congo in offering some of the...

Naira Falls To 7-Week Low on Strong Dollar Demand

The Naira fell 0.28 percent against the dollar on Tuesday to its weakest level in seven weeks, hit by strong demand from foreign exchange...

View From Abroad/The Economist: Nigeria’s Jihadists: The Other Caliphate

From a ragtag band of fighters conducting sporadic raids and bombings from its hideouts, Nigeria’s Boko Haram is fast evolving into a force able...

Katsina LGs Have N33bn in Bank, Says Shema

The 34 council areas of Katsina state currently have a total of N33 billion in their joint account, Governor Ibrahim Shema has said. Speaking yesterday...

Telecom operator docked for N40m theft

  LAGOS—A telecom operator, Samson Ukpolo, was yesterday arraigned before an Ebute-Metta chief magistrate’s court for allegedly stealing N40 million. The defendant, who resides at Plot...

GTB Reports N53bn Half-year Gross Profit

Guaranty Trust Bank Plc recorded positive performance across some key financial indices, in spite of an extremely challenging business environment and increasing regulatory headwinds. Gross...

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