Union Bank Plc has received approval from the Securities and Exchange Commission (SEC) to float a N50 billion rights issue. The lender, in a statement, said it anticipated that the rights issue would be open for subscription in September 2017. During the offer period, 12.1 billion ordinary shares of 50 kobo each would be available
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Nigeria’s oil supply to India has hit its lowest level for this year, with the Asian country intensifying effort to diversify its sources of the commodity. India has remained the single largest buyer of Nigerian crude oil in the past few years after the United States slashed its imports from the country on the back
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Access Bank Plc is set to issue the first Eurobond from Nigeria in almost two years after choosing banks to arrange a new deal. Nigeria’s fourth-largest lender by assets will meet investors in the United States and Europe from Tuesday through October 3rd, and plans to sell five-year debsetups Chief Executive Officer, Herbert Wigwe told
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Stanbic IBTC Holdings Plc, has announced its six months audited results for the period ended June 30, 2017, with gross earnings at N97.198 billion, an increase of 36.28 percent over the N71.320 billion recorded in the corresponding period of last year. The result, which was submitted to the Nigerian Stock Exchange in Lagos yesterday, August
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Nigeria’s oil supply to India has hit its lowest level for this year, with the Asian country intensifying effort to diversify its sources of the commodity. India has remained the single largest buyer of Nigerian crude oil in the past few years after the United States slashed its imports from the country on the back
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Vice President Yemi Osinbajo yesterday commissioned three million metric tonnes per annum BUA’s Obu Cement factory located at Okpella in Etsako East Local Government of Edo State. Osinbajo who also performed  the ground breaking ceremony of the second line of three million tons plant per annum, assured that the federal government would remove all human
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Telecoms subscribers in Nigeria spend over N197 billion on internet data every month, Daily Trust’s analysis of mobile users’ average data usage per month has shown. The big four GSM operators – MTN, Glo, Airtel and 9mobile – and other smaller mobile operators have a total active subscribers base of 149.3 million, according to the
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Union Bank Plc has received approval from the Securities and Exchange Commission (SEC) to float a N50 billion rights issue. The lender, in a statement, said it anticipated that the rights issue would be open for subscription in September 2017. During the offer period, 12.1 billion ordinary shares of 50 kobo each would be available
Complete Reading

Europe’s cities have had to get used to the fact that, of late, the terror threat they face has increased both in size and complexity. The atrocities in Barcelona and Cambrils are the latest examples of this. The continent’s police and security agencies have long known that the demise of the so-called Islamic State would signal an
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Police have identified two bodies found in a house destroyed by a huge blast linked to the Spanish terror attacks. Investigators believe the Islamic extremist cell which carried out the vehicle rampages in Barcelona and the resort of Cambrils may have accidentally blown up the Alcanar property while preparing explosives a day earlier. One of
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