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Leading pan Africa banking group, United Bank for Africa Plc, has announced the appointment of Ayo Liadi, Ibrahim Puri, Oliver Alawuba, Uche Ike and Chuks Nweke into executive management positions in the bank. This is subject to the approval of the Central Bank of Nigeria: UBA says, they all bring considerable experience to the Board […]

Nigeria’s Tier 1 Bank, United Bank for Africa (UBA) has announced the appointment of 5 new directors in an unprecedented move that surprised some investors. The bank made this announcement in a press release posted in the website of the NSE. The bank announced that it had appointed the following new directors; Whilst the bank […]

The Nigerian Stock Exchange wants to change the way share prices are determined. They made this announcement via a circular published in the website of the NSE. According to the exchange, the proposal basically classifies equities into groups for calculating price movements. Group A: equities priced at N100.00 per share or above. Group B: equities priced […]

The Federal Government announced, that it had paid oil marketers a total of N48.2bn. This they said is the outstanding subsidy claims for 2015. The announcement was made in a statement on Tuesday by the Minister of Finance Kemi Adeosun. The minister said that government had instructed the Debt Management Office (DMO), to pay the […]

Champion Breweries Plc has declared an asset increase of N207 million in the year ended 2015, as against N26 million recorded in 2014. Chairman of the firm, Dr. Elijah Akpan, at company`s 40th Annual General meeting held in Lagos, said, that the company is determined to sustain current growth and yield better profit, assuring shareholders […]

The Transmission Company of Nigeria (TCN) has announced that the total amount of power available to the to distribute across Nigeria has dropped to 1,400 megawatts(MW). The Assistant General Manager, Public Affairs TCN, Clement Ezeolisah, stated this yesterday in a statement. According to Ezeolisah, electricity generation into the national grid dropped to 1,400MW as at […]

One of the missing Chibok girls has been found in Nigeria, activists say, the first to be rescued since their capture two years ago. BBC reports A vigilante group on Tuesday in Sambisa Forest, close to the border with Cameroon identified the girl as Amina Ali Nkek. 218 girls remain missing after their abduction from […]

Unity Bank Plc recently announced, a N4.6 billion increase, as it declared a N78.8 billion gross earnings in 2015 as against N77 billion made in 2014. According to the bank, its performance is as a result of re-strategic moves made, despite confronting challenges, ranging from tense operating environment, dwindling economy, as well as unfavorable regulatory […]

No one knows if it’s a hand grenade or a nuclear warhead… The ramp up in Chinese debt accumulation has been a leading concern of investors for years. The average total debt of emerging market economies is 175% of GDP, and skyrocketing corporate non-financial debt has launched China far beyond that number. The real question […]

“My people are destroyed for lack of knowledge: because thou hast rejected knowledge, I will also reject thee…” –  Hosea 4:6 (KJV) In the time that I’ve been here in this physical dimension, I’ve noticed that most people don’t take the time to check things out for themselves.  A simple act of reading a few […]Read More

Having pointed out the gathering storm in VIX ETPs, raised concerns of a “reasonably high probability” of a large drop in stocks, and explained how complacently short-term risk is being priced, Goldman’s portfolio strategy team have unleashed a dramatic warning. Shifting to an oveweight cash position for the next 3 months, Goldman warns “we downgrade […]Read More

First it was the IRS, which several years ago launched countless headlines, and much laughter, when it announced the emails of Lois Lerner targeting conservatives had magically disappeared. Then, as we observed last week (again with great amusement), the State Department couldn’t seem to find any of the email correspondence to or from Hillary Clinton’s […]