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OPay unveils seven security features to shield customers from cyber fraud

Nigeria, Oct. 19 -- Digital bank OPay has unveiled seven in-app security features in the latest drive to firm up its operational safety mechanism to deliver improved protection of customers' funds. T... Read More


Okomu Oil declares special dividend as nine-month profit more than doubles

Nigeria, Oct. 18 -- Okomu Oil Palm intends to pay a special cash reward to shareholders any moment from now, after its net profit for the first nine months of the year surged more than twofold to N60.... Read More


Transcorp, First HoldCo, Custodian Investment top stock pick this week

Nigeria, Oct. 13 -- Last week, Nigerian stocks posted their biggest gains in weeks as the main equity index rose by 2.4 per cent, driven by heavy buy interest in industrial goods and oil & gas stocks.... Read More


Britain's Savannah Energy appoints two Nigerians as independent directors

Nigeria, Oct. 10 -- British independent oil & gas company Savannah Energy has handed independent director roles to Nigeria's Uyi Akpata, a former country senior partner at PwC Nigeria, and Kehinde Ogu... Read More


Nigerian Government plans $2.3 billion Eurobond sale before year end

Nigeria, Oct. 8 -- The Nigerian Government hopes to approach the Eurobond market before the year winds down to raise $2.3 billion, its second return to the international bond market since last Decembe... Read More


Jaiz Bank, FCMB Group, Julius Berger top stock pick this week

Nigeria, Oct. 6 -- Nigerian stocks have now returned nearly 40 per cent this year after yielding 1 per cent last week, when oil & gas stocks were the toast of investors. Equities have been short of b... Read More


Ellah Lakes enters pact to acquire Tolaram's agro-processing business

Nigeria, Oct. 4 -- Agro-industrial firm Ellah Lakes has agreed to a deal to buy out Agro-Allied Resources & Processing Nigeria Limited (ARPN), owned by Singapore-based Tolaram Group and Valuestar Hold... Read More


UAC's bid to take over CHI Limited gains regulatory approval

Nigeria, Oct. 4 -- UAC of Nigeria Plc has received from the Federal Competition and Consumer Protection Commission the permission to proceed with its planned acquisition of CHI Limited, the maker of C... Read More


Fidelity, NPF Microfinance Bank, CAP top stock pick this week

Nigeria, Sept. 29 -- Nigerian stocks marginally increased last week as they added 0.2 per cent, with buy interest in the industrial sector as the main driver. The main share index has returned 38.1 pe... Read More


Unity Bank's merger with Providus receives shareholders' approval

Nigeria, Sept. 27 -- Unity Bank's proposed business combination with Providus Bank has received the go-ahead of shareholders of the two financial institutions, Providus Bank said in a statement on Fri... Read More