Investors shun bank shares despite N260 billion Q1 profit
Nigeria’s investment climate, especially that of the stock market, is taking a hit as investors show apathy towards banking stocks despite a strong combined profit
Stanbic IBTC unveils new feature on ease wallet
Leading end-to-end financial solutions provider, Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has unveiled the addition of a new feature: ‘paycode’ to its @ease wallet.
Amended competition law may delay Access, Diamond banks’ merger
Although Access Bank and Diamond Bank Plc have obtained approval in principle from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) on proposed merger plans, there are concerns that the union may be subjected to the provisions of the new Federal Competition and Consumer Protection Act. Indeed, the Act repeals…
Heyden invests over N10b in downstream chain
Heyden Oil and Gas said it has invested over N10billion in downstream retail chain, which involved acquiring and rebranding 40 filling stations in Lagos.