By Mustapha Hodi An internet Hausa movie streaming application, NorthFlix has been launched in Kano State with a view to fight piracy and loss of revenue by the Kannywood film industry. The founder of Northflix.ng, Jamilu Abdussalam, said the idea of creating the application was conceived about five years ago. He explained that […]
By Hamisu B. s. MTN Communications plc has anounce the ritirement of some of the members of the Board of directors. In a notice send to the Nigeria Stock Exchange and the investing public, MTN stated Following the expiration of their tenure and in compliance with applicable codes of Corporate Governance the under listed […]
By Financescape Securities and Exchange Commission has published registered commodities exchanges warehouse map. Warehouses and storage infrastructure are necessary for the commodity sector and commodities futures trading. These storage facilities are critical to the entire agro commodities value chain for reduction in post harvest losses, quality maintenance, year-round supply of commodity raw materials […]
By Financescape Securities and Exchange Commission has announced the commencement of verification of claims of unpaid investors of Dantatahe Success and profitable company. SEC announced that Sequel to the appointment of joint Administrators/Trustees for Dantata Success and Profitable Company by the Securities and Exchange Commission (SEC) pursuant to section 13 and 173 of the […]
By Financescape The Nigerian Bureau of Statistics has released the consumer price Index June 2019 report. The consumer price index (CPI) which measured inflation increased by 11.22% (year-on-year) in June 2019, This is o.18% points lower than the rate recorded in May 2019 (11.40%), the increase was recorded in all COICOP divisions that […]
By Financescape Stanbic IBTC Holdings Plc pays the sum of N2.5 billion to Mr Patrick Akinkuotu and Longterm Global Capital Limited. In a Press Release signed by Chidi Okezie Company Secretary, Stanbic IBTC Holdings PLC on Friday, notified stakeholders that its wholly-owned subsidiary, Stanbic IBTC Bank has paid the judgment sum of N2.5bn to […]
By Hamisu B. S Flour mills of Nigeria Plc. is Nigeria’s leading integrated food and agro-allied group listed on the Nigeria Stock Exchange. Flour mills released the financial statement for the year ended March 31, 2019. Revenue has declined by 2.82% from N542 billion in the year ended March 2018 to N527 billion in […]
By Financescape Nigeria Investment Promotion Commission has released a report on the Pioneer status incentive applications processed for Q2 2019 from 01 April to 30 June 2019. The report indicated that a total of 24 new PSI applications were received out of which 10 applications were granted approvals in- principle for the period. No application […]
By Hamisu B. S the Central Bank of Nigeria has directed that banks’ daily deposits placement through the CBN’s Standing Deposit Facility, shall no longer exceed N2 billion. In circular dated July 10, 2019 released on the CBN’s website titled “Re: Guidelines on accessing the CBN Standing Deposit Facility CBN stated that any deposit […]
By DMO The Debt Management Office in its practice of publishing the Public Debt Data comprising the Domestic and External Debts of the Federal Government of Nigeria (FGN), the 36 States of the Federation and the Federal Capital Territory (FCT), has released Total Public Debt Data as at March 31, 2019. At ₦24.947 Trillion […]
By Hamisu B. S The Nigerian Stock Exchange has recorded another milestone with the Cross Border Secondary Listing of 3,758,151,504 ordinary shares of Airtel Africa Plc on Tuesday, July 9, 2019. The shares were listed at an offer price of N363 per ordinary share. Airtel Africa Plc has a primary listing on the main market […]
By Hamisu B. S On Monday, 1 July 2019 Nigeria Stock Exchange listed Fidson Healthcare Plc additional 586,360,250 ordinary shares on the Daily Official List. Fidson Healthcare offered of 750,000,000 ordinary shares of 50 kobos each at N4.00 per share on the basis of 1 new ordinary share for every 2 ordinary shares through […]
