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Wema Bank H1 profit triples on improved efficiencies

Wema Bank H1 profit triples on improved efficiencies

Wema Bank Nigeria plc’s half-year (H1) profit more than tripled on improved efficiency despite the…

Associated Discount House rating improves

Associated Discount House rating improves

Foremost independent credit rating firm in Nigeria, Agusto & Co, has upgraded Associated Discount House…

Transcorp H1 profit rises 177.42% on aggressive expansion

Transcorp H1 profit rises 177.42% on aggressive expansion

Transnational Corporation of Nigeria plc’s half-year (H1) profit rose 177.42 percent on investment diversification and…

Union Registrars restructures for growth

Union Registrars restructures for growth

As part of strategic moves to sustain its competitive edge, Union Registrars Limited, which has…

Industries get tax holiday, discounts on land acquisition in Oyo

Industries get tax holiday, discounts on land acquisition in Oyo

In its bid to attract local and foreign investors, especially in the agricultural sector, Oyo…

The FirstBank-Paypal tie-up for online shopping

The FirstBank-Paypal tie-up for online shopping

Chioma needs a fast means to get her teeming customers pay for her tailoring services…

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Multimedia

  • Frank Aigbogun’s opening speech at the Banking Awards
  • Aigboje Aig-Imoukhuede at the Banking Awards
  • BusinessDay speaks with Arunma Oteh, DG SEC
  • BusinessDay speaks with Ekow Afedzie, DMD GSE
  • Drama at the Confab
  • Projects in Nigeria up to July 2013 (capital value, $million)
  • Arunma Oteh’s speech at West African Capital Market Integration Conference
  • Tony O. Elumelu’s Welcome Address at the U.S Secretary of Commerce Speech delivery in Lagos, Nigeria
  • U.S Secretary of Commerce, Penny Pritzker delivering her speech in Lagos Nigeria.
  • BusinessDay’s Top 25 CEOs Annual Award Dinner 2014
  • Toyin Sanni, CEO, UBA Capital plc at BusinessDay’s Top 25 CEOs Annual Award 2014.
  • BusinessDay’s Top 25 CEOs Annual Award 2014
  • BusinessDay’s Amadi Iheukwumere at The BD HR Conference
  • Niyi Alabi at The BusinessDay HR Conference

BD Cartoons

“Hey, El Rufai, I am stuck here, I am sure it is jonathan who created this puzzle.. It must be him.. The clues are clueless”…

BD Cartoons

Angola’s goal to rival Nigerian oil output aided by Eni

Eni SpA (ENI) crews in Angola, Africa’s second-largest crude oil producer, upgraded a production vessel for new pumping this year as the southwest African country targets output rivaling its bigger competitor, Nigeria, reports Bloomberg. Eni plans to start production within five months as operator of block 15-06’s West Hub fields, estimated to hold reserves of…

Angola’s goal to rival Nigerian oil output aided by Eni

Duncan Niederauer, NYSE moderniser

Duncan Niederauer learned that nothing lasts forever in financial markets when Goldman Sachs turned to him to figure out how to overhaul its trading business during the high-tech frenzy of the late 1990s. Goldman was looking for ways to maintain the unit’s profitability as computers displaced human stock traders on Wall Street. Mr Niederauer, who…

Duncan Niederauer, NYSE moderniser

Nigeria to explore Sukuks through 2017

Sukuk, the Islamic equivalent of bonds, will be a part of Nigeria’s strategic framework through 2017, market development director Patience Oniha of the Debt Management Office has told Bloomberg. Unlike conventional bonds, which bestow ownership of a debt, a sukuk will grant the investor a share of an asset, along with the equal cash flows…

Nigeria to explore Sukuks through 2017

‘Nigeria is Africa’s biggest VAS market’

Ugo Okoye, is the chief executive officer of iConcepts, a mobile technology solutions provider. In this interview with BEN UZOR JR, he says VAS, if appropriate resources are channeled towards its development, can assist mobile operators offset the huge decline in voice revenues. Okoye is also of the view skewed revenue share model in favour…

‘Nigeria is Africa’s biggest VAS market’

Columnists

  • Ramadan Kareem
  • Rice, votes and violence: Democracy in Nigeria
  • Football as economics
  • A larger pie, more slices and an improved investment story
  • Nadine Gordimer, flower of the Highveld

Markets

Nigeria sells N134.9 billion in T-bills at mixed yields

Nigeria sells N134.9 billion in T-bills at mixed yields

Nigeria sold N134.9 billion ($833 million) in treasury bills of three-month, six-month and one-year maturities, with three-fifths fetching lower yields than at the previous auction, the Central Bank of Nigeria (CBN) said on Thursday, a day after the sale. The CBN, on…

Nigeria must boost FX reserves before cutting rates, says CBN official

Nigeria must boost FX reserves before cutting rates, says CBN official

The Central Bank of Nigeria (CBN) needs to increase its foreign exchange reserves before conditions would…

Zenith Bank H1’14 result shows asset at N3.20trn

Zenith Bank H1’14 result shows asset at N3.20trn

Zenith Bank plc yesterday released it half-year (H1) financial for the six months to June…

Stock market records further decline

Stock market records further decline

The Nigerian stock market recorded further decline by 0.28 percent after yesterday’s trading despite increasing…

Intelligence

How Nigerians use the internet (1)

How Nigerians use the internet (1)

With a population of 170 million, 130 million active lines, 66 million of which are…

Signal from operational zones

Signal from operational zones

In any given country, pipelines play an important role in providing the needed fuels for sustaining vital…

The rising fortune of Sesame seeds

The rising fortune of Sesame seeds

Sesame seed (sesame indicum L.) is Nigeria’s second most important non-oil export after cocoa. It is also known as…

Winning in Nigeria’s evolving food market

Winning in Nigeria’s evolving food market

The size of Nigeria’s population inevitably saddles it with a huge food bill. According to the National Bureau of Statistics (NBS), the country’s over 28.9 million households expended circa N15.67 trillion on food in 2009/10 alone. By 2012, Nigeria imported…

Brands & Advertising

Forecast

Weather for Lagos Nigeria
Today Saturday Sunday
It is forcast to be Thunderstorm at 10:00 PM WAT on July 25, 2014
Thunderstorm
27°/24°
It is forcast to be Chance of a Thunderstorm at 10:00 PM WAT on July 26, 2014
Chance of a Thunderstorm
28°/24°
It is forcast to be Chance of a Thunderstorm at 10:00 PM WAT on July 27, 2014
Chance of a Thunderstorm
28°/23°
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