Oil and Gas Free Zones Authority Nigeria

Business

Dangote Flour Mills Plc: A Much Better Year

By Folakemi Emem-Akpan   Projections/Future outlook The 2016 financial year was quite the profitable one for Dangote Flour Mills Plc, a marked departure from 2015 when it made losses. Not only did growth indices and profitability ratios improve drastically over the preceding year’s, they also competed favourably against industry standards for the period. While the Dangote Flour Mills stock wasn’t ...

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First Bank Gears Up to Achieve Customer Growth Target

 PRESS RELEASE First Bank Nigeria Limited is stepping up efforts to ensure that it meets its growth target of 30million customers over the next three years, the lender has said. Managing Director/Chief Executive, FirstBank Limited, Dr. Adesola Adedutan, had announced last May that the Tier 1 lender had begun implementing a three year strategy that would result in its increasing ...

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UACN (UAC of Nigeria) Plc: A Good Investment

By Folakemi Emem-Akpan Projections/Future outlook The 2016 financial year was quite the profitable one for UACN (UAC of Nigeria) Plc. While growth indices and profitability ratios generally slowed down a bit over the preceding year’s, they still competed favourably against industry standards for the period. This stock is a great asset for shareholders as it pays good dividend. It may ...

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Currency in Circulation Increases for the First Time in 2017

By Folakemi Emem-Akpan According to newly released statistics from the Central Bank of Nigeria, currency in circulation as at end of August 2017 improved over the level in July, growing to N1.867 trillion from N1.769 trillion in July 2017.   This was the first time since the beginning of the year that currency in circulation would grow over the preceding ...

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e-copy Replaces Certificate of Capital Importation

By Folakemi Emem-Akpan The Central Bank of Nigeria (CBN) has said that and electronic Certificate of Capital Importation (eCCI) will replace the hard copy of the Certificate of Capital Importation effective from Monday September 11 2017. In a statement released by its Trade and Exchange department, this new development is in a bid to enhance transparency and the efficient processing ...

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Berger Paints Plc: A Challenging Year Ahead

By Folakemi Emem-Akpan Projections/Future outlook Our analysis of Berger Paints Plc’s 2016 financial report shows that the 2016 financial year was a good one for the company when the results are considered without a historical reference and without reference to the industry standards for the period. While the company recorded profitability ratios, such ratios were generally lower than those of ...

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Digitization, Fintech as Panacea to Financial Inclusion

PRESS RELEASE One of the compelling aspirations of the Federal Government and the Central Bank of Nigeria (CBN) in the last two years has been to ramp up the numbers for financial inclusion in the country. To this end, Nigeria’s apex bank, alongside other regulators in the financial services sector, including the National Pension Commission (PENCOM), has vigorously pursued the ...

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OFFICIAL: NIGERIA IS OUT OF RECESSION!

By Ofonime Iboro The National Bureau of Statistics (NBS), who declared Nigeria’s worst recession in 29 years, said on Tuesday, that the country grew by 0.55 percent in GDP terms for Q2 2017. According to the Nigerian Gross Domestic Product report released by NBS on Monday, the economy recorded a positive growth after five consecutive quarters of contractions since Q1 ...

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