Archives - February 2018

United Capital Plc (UCAP) released their full-year audited financial results for the year ended 31st December, 2017, yesterday’s afternoon being the 26th of February, 2018. From the results gathered, find the extracts: Kindly Note: Dividends will be paid electronically to shareholders whose names appear on the Register of Members as at March 8, 2018, and …

  FG seeks Chinese bank’s support for infrastructure funding Ambode signs N1.04tr Lagos budget into law Lagos distributes Land Use Charge demand notice BPE visits SAHCOL over failure to list on NSE Shareholders threaten to sue banks, CBN over dividend payment stoppage Oil prices give up earlier gains as rising U.S. supply outweigh signs of …

  CBN bars banks with huge bad loans from paying dividends Nigeria, biggest loser of illicit financial flows in Africa – Adeosun Foreign reserves to rise on $2.5b Eurobond issuance Reps demand N800bn supplementary budget for fuel marketers Relief for importers as government relaxes rule on palletisation policy Dangote Cement seeks $1bn from London IPO …

  11 states get N16.1bn budget loan Tier-2 banks face capital shortfall on naira depreciation –Fitch Agency affirms stable outlook on UBA subsidiaries ‘N116.3b palm oil imported in 2017’ LIRS to commence automated collection of consumption tax Asian shares extend bounce to fifth day, dollar sags to three-year low FG releases pricing for $2.5bn fifth …

  Please be informed that The National Bureau of Statistics (NBS) today being Wednesday, February 14th, 2018, released the Consumer Price Index (CPI) for January 2018. The Consumer Price Index (CPI) which measures inflation started the year 2018 increasing by 15.13%y/y in January 2018. This was 0.24% points lower than the rate recorded in December …

  UK asset forfeiture: Nigerian property owners seek VAIDS intervention National Assembly approved $300m Diaspora Bond —DMO Agusto & Co: Nigeria’s Borrowing Binge, a Fiscal Time Bomb NEXIM provides N5bn lifeline to revitalise Multi-Trex Cocoa plant NSE tightens control on block divestment, large trades Stocks try a tentative bounce, bonds fret on U.S. inflation Govt …

  Fed Govt: we’ll invest N1.3tr yearly on infrastructure Spending on infrastructure attracting new investments – Adeosun FG borrows $300m from Nigerians abroad Meter manufacturers to govt: give us right environment Petrol scarcity lingers as NNPC, DPR search for solution Executive Order 5: More jobs, procurement access for Nigerians CSCS leverages technology for process optimisation, …

  NPA posts N299.6bn revenue for 2017 Contractors handling federal roads have been paid – FG NDPHC begins construction of N5.53bn power transmission station PWYP Faults NNPC’s Continued Retention of $16.8bn NLNG Dividend Insecurity scares American investors, says US envoy Customs impounds N1.4bn cars in Lagos, Ogun Asian shares on edge as U.S. futures slip …

  Nigeria ranks lowest in industrial GDP, says AfDB FG to Tighten Noose Around Tax Defaulters by Obtaining Bank Details  PenCom recovers N13.58bn from defaulting employers CBN Mops Up N2.2trn Through OMO In Jan 2018 Power firms fail payment obligations, shun 100% TEM rule Suspended SEC DG, Gwarzo, clarifies N1.7bn payment to workers Stocks punished …