SEC’s double standards and investors’ waning confidence
Going by a popular cliché, “One-man show is a show of arrogance” and that is the modus operandi of the capital market regulator- Securities and Exchange Commission...
Nigeria’s unending ‘hypocritical’ economic diversification
Nigeria’s economic diversification initiative has been more about political pronouncements than real efforts to not only broaden the base of the country’s resources...
Apapa gridlock: How poor state capacity stifles competitiveness
In the last few months, or years depending on who you ask, Lagosians have been complaining about the menace of trucks parked on the roads.
‘We ensure that customers are satisfied with our products and services’
With stiff competition in the mobile technology space and the invention of new innovative communication devices, the Marketing Communications Manager, itel Mobile, Oke Umurhohwo...
Reality dawns as debts wobble under sustainability test
Nigeria failed the test conducted to determine its ability to sustain ongoing borrowings and their repayments in the next five and 10 years, an affirmation of the growing fears over increasing level of borrowings and huge costs incurred in servicing them.
Africa50 fund gathers momentum as new catalyst for continent’s growth
It must be music to the ears of anyone interested in the rapid growth and industrialisation of Africa’s economies.In just three years since its take-off with a mandate to mobilise public and private sector finance to build Africa’s all-important infrastructure, the Africa50 fund has gathered momentum, with a growing portfolio of projects and capital base.
Again, corporate profits take hit from socio-economic uncertainties
The continued tensed political environment, reported killings across the country, coupled with election fears are not assuring to both domestic and foreign investors and it is already telling on corporate performance.
Bargain hunting boosts indices marginally by 0.09%
As bargain hunters took advantage of the low equity prices, particularly those of interim dividend-paying companies, dominated by the banking sector, the All-Share Index and market capitalisation of the Nigerian Stock exchange appreciated by 0.09 per cent to close the week at 36,636.97 and N13.272 trillion respectively.
FCMB Group posts N7b half-year profit
FCMB Group Plc recorded a profit before tax (PBT) of N7.1 billion for the six-months ended 30 June 2018, representing 86 per cent increase from N3.8 billion achieved for the same period in 2017.
‘Visibility of products is our next goal’
Forever Living Products (FLP) recently celebrated its 40th anniversary with a global rally in Dallas, Texas, USA and a localised week-long celebration accompanied with a health walk in Lagos. The firm’s Country Sales Manager, Mr. Daniel Ikechukwu, spoke with BERTRAM NWANNEKANMA on the firm’s achievements among other issues. Excerpts: Forever Nigeria has always played a…