Other News

Atlas Mara H1 2016 Income Grew By 35%
Global

Atlas Mara H1 2016 Income Grew By 35%

Atlas Mara, the majority shareholder in Union Bank of Nigeria said its total income for the first half of 2016 grew by 35% to USD113.5 million from 98,8 million the company reported last year. The major boost in its income is its non interest income that rose from USD49.4 million […]

Conceptual image. Isolated on white
Policy

This Is Nigeria’s Medium Term Plan Till 2019

The Federal Government of Nigeria has released the Medium Term Expenditure Framework, MTEF till 2019. Among other things, the framework already approved by the executive arm says oil will be given a conservative role. According the MTEF, crude oil price benchmark will be peggedUSD45 and USD50 per barrel in 2018 […]

All Unclaimed Dividends To Be Forfeited After 12 Years
Policy

All Unclaimed Dividends To Be Forfeited After 12 Years

Unclaimed dividends will no longer have unlimited lifespan. The Securities and Exchange Commission has just declared that after 12 years, all unclaimed dividends will be forfeited to the Nigerian Capital Market Development Fund. This is contained in a statement introducing a proposed new rule the SEC is about to introduce […]

Bidco Calls London Protesters ‘Con Artists’
Global

Bidco Calls London Protesters ‘Con Artists’

In a bid state its side of the story, Bidco Africa has said the protesters that picketed outside Standard Chartered and Barclays Banks in London on Tuesday are ‘con artists’ trying to blackmail the company. The company says it has been fighting an anonymous and faceless group of online con […]