Big Business

SEC suspends Heritage Capital ‘indefinately’
Big Business

SEC suspends Heritage Capital ‘indefinately’

The Securities and Exchange Commission, SEC has issued a formal statement announcing  the indefinite suspension of Heritage Capital. The decision to suspend Heritage Capital was apparently taken since the 21st of December, 2016. The SEC said it “suspended Heritage Capital Markets Ltd together with its Directors and Sponsored Individuals in […]

No life lost in Nigerian Breweries fire outbreak
Big Business

No life lost in Nigerian Breweries fire outbreak

A major plant belonging to Nigeria’s largest brewer, Nigerian Breweries was engulfed in a fire incident. The plant is located in Lagos beside its corporate headquarters. In statement issued by the company on its official Twitter page, Nigerian Breweries said: “The fire outbreak at Lagos Plant of NB contained. No […]

Stanbic IBTC records 61% rise in Q3 profit
Big Business

Stanbic IBTC records 61% rise in Q3 profit

About two years after its lengthy legal tussle with the Financial Reporting Council of Nigeria, FRCN, Stanbic IBTC has finally released its Q3 result for the year 2016 showing the bank had an impressive year. The group reported that its third quarter net profit jumped by 61% year on year. In […]