Author: PageOne

Actis Sells Stake in Endurance via IPO
Big Business

Actis Sells Stake in Endurance via IPO

Actis, a growth markets private equity firm with presence in Nigeria, has announced its exit from Endurance Technologies through Initial Public Offering (IPO). Endurance Technologies is the largest privately owned Indian auto component Company. The three day IPO opened on 5 October as a pure offer for sale with no […]

CBN Reviews Transaction Switching Guidelines
Policy

CBN Reviews Transaction Switching Guidelines

The Central Bank of Nigeria, CBN has updated its guidelines for transaction switching and money transfer to ‘promote competitive environment’ while promoting’shared services and innovation’ In a circular issued by the CBN, the apex bank said: ALL BANKS, MOBILE MONEY OPERATORS AND PAYMENTS SERVICES PROVIDERS AMENDMENTS THE GUIDELINES ON TRANSACTION […]

NCR PLC’s Q3 Net Profit Grows By 464%
Big Business

NCR PLC’s Q3 Net Profit Grows By 464%

NCR plc has released its Q3 2016 result showing that the company grew its net profit by 464%. The principal activities of the company is the sale and service of information technology solutions and sale of computer consumables. Net profit for the period rose to NGN615 million compared to NGN199 […]

SEC Declares Ruby Gold Ventures Illegal
Big Business

SEC Declares Ruby Gold Ventures Illegal

The Securities and Exchange Commission, SEC has issued an alert about Ruby Gold Ventures as an illegal market operator. In a public notice released by the SEC, Ruby Gold Ventures is not registered and the general public are warned to refrain from dealing with the company. See the statement below: 18/10/2016 The […]