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Concerns mount as Osun governor appoints chairperson for public-listed company

Nigeria, April 20 -- Osun State Governor Ademola Adeleke has appointed a chairperson for Living Trust Mortgage Bank, a publicly quoted company listed on the Nigerian Exchange, in which institutional a... Read More


JUST IN: First Bank board meets over MD's resignation

Nigeria, April 20 -- The board of First Bank is currently meeting at the bank's headquarters over the sudden resignation of the Managing Director of the bank, Adesola Adeduntan. PREMIUM TIMES reporte... Read More


First Bank MD, Adesola Adeduntan, resigns

Nigeria, April 20 -- The managing director of First Bank of Nigeria Limited, Adesola Adeduntan, has resigned his appointment from the company after nine years of holding the top executive position. H... Read More


Dangote's bid to merge sugar, salt, rice businesses hits brick wall

Nigeria, April 19 -- The bid by Africa's richest man, Aliko Dangote, to merge his sugar, salt and rice companies into one for improved efficiency and robust consolidation will not proceed for now. In... Read More


UBA's annual profit surges 257% to N608 billion

Nigeria, April 11 -- United Bank for Africa (UBA) posted a record N607.7 billion in annual net profit after significant increase in interest income and foreign exchange gains impacted bottom-line by a... Read More


Zenith Bank's annual profit leaps threefold to N677 billion

Nigeria, April 9 -- Zenith Bank Plc posted a jumbo net profit of N676.9 billion for last year, its strongest on record, bettering the bottom line of the preceding year by more than three times. 2023 ... Read More


C&I Leasing, Wema Bank, Mutual Benefits top stocks pick this week

Nigeria, April 8 -- Last week, Nigerian stocks shed 1.1 per cent as profit-taking efforts by investors weighed on equities, with bank stocks most affected. A couple of corporate actions, notably divid... Read More


EXCLUSIVE: Court orders US company to pay BUA £343,751

Nigeria, April 5 -- A US court has ordered an American company to pay BUA International Limited £343,750.91 in arbitral award. The United States District Court for the District of Idaho gave the... Read More


BUA Foods plans record N99 billion dividend payout as annual profit surges 23%

Nigeria, April 4 -- BUA Foods will pay shareholders N99 billion in cash rewards for the financial year 2023, translating to a dividend per share of N5.50, according to a regulatory filing by the food ... Read More


Access Holdings annual profit surges as revenue touches record N2.6 trillion

Nigeria, March 28 -- Nigeria's biggest lender Access Holdings reported a fourfold acceleration in net profit that took bottom line to an unprecedented peak of N619.3 billion last year, according to th... Read More