How Okumagba Deploys Brunch to Mobilize Stakeholders on Market Development How Okumagba Deploys Brunch to Mobilize Stakeholders on Market Development

How Okumagba Deploys Brunch to Mobilize Stakeholders on Market Development

BONNY AMADI   Only very few leaders in the country have internalized the tradition of meeting with stakeholders regularly to address issues as they affect their sector.   Some corporate leaders have in recent times assumed very busy disposition that they rarely convene board meetings; they have no real touch with their constituency and therefore [...]

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NSE Fully Committed to Furthering Corporate Governance – Onyema NSE  Fully Committed to Furthering  Corporate Governance – Onyema

NSE Fully Committed to Furthering Corporate Governance – Onyema

BONNY AMADI   Oscar Onyema, Chief Executive Officer of The Nigerian Stock Exchange (NSE), and the Head, Corporate Services Division, NSE, Mr. Bola Adeeko attended the World Investment Forum (WIF) organized by the United Nations Conference on Trade and Development (UNCTAD) from 13th to 16th October 2014 in Geneva.   One of the main WIF [...]

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Delisting: Possible End of Bull Market for More Listed Companies Delisting: Possible End of Bull  Market for More Listed Companies

Delisting: Possible End of Bull Market for More Listed Companies

BONNY AMADI   Just like top institutions across the globe, there are minimum standards for gaining admission into the Nigerian Stock Exchange (NSE) and also once admitted, one is expected to maintain a minimum standard.   The exchanges across the globe have minimum standard requirements for admission into them, and also admitted companies are expected [...]

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Access Bank gets ISO 22301 Business Continuity Management Systems Certification Access Bank gets ISO 22301 Business  Continuity Management Systems Certification

Access Bank gets ISO 22301 Business Continuity Management Systems Certification

Access Bank Plc has been awarded the International Organization for Standardization (ISO), 22301:2012 certificate for ‘Societal Security – Business Continuity Management Systems.’ The award was presented to the bank by the British Standard Institute (BSI) after about three months of rigorous business impact analysis across all the departments of the bank.   Speaking during the [...]

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News

Akwa Ibom Evacuates 500 Lunatics in 3 Years

Akwa Ibom  Evacuates 500  Lunatics in  3 Years

  By Patrick Effiong, Uyo   No fewer than 500 lunatics have been evacuated from the streets in Akwa Ibom state for treatment at Psychiatric Hospital, Eket within the last three years.   The rehabilitated ones among them have been reunited with their families, as well as empowered for selves’ sustenance.   Dr. Glory Emmanuel [...]

Oct 20, 2014 8:49

IT

Online Users to Reach 3bn by Year End

Online Users to Reach  3bn by Year End

By Lawson Ovih   Internet penetration globally has triggered an explosion in online patronage, and this is expected to reach 3 billion by the end of 2014.   However, the statistics released by the International Telecommunications Union (ITU) shows that two-third would be from developing economies with mobile broadband penetration reaching 32 per cent and [...]

Oct 20, 2014 11:52

Money World

Skye Bank Employees Renovate Schools, Donate Materials

Skye Bank Employees Renovate  Schools, Donate Materials

By Niyi Jacobs   Employees of Skye Bank Plc have embarked on various corporate social responsibility projects in the bank’s host communities across the 36 states of the federation. The projects which are basically in the education sector, seek to improve learning and teaching in public schools. According to a statement from the bank, the [...]

Oct 20, 2014 12:56

Economy

Indigenous Steel Firms to Get Boost From FG Fund

Indigenous Steel Firms to Get  Boost From FG Fund

  Stories by Canice Opara   Indigenous steel firms in the country will benefit from approved fresh funding initiatives of the federal government.   This is as President Goodluck Jonathan approved fresh funding initiatives for the real sector of the economy to address funding challenges faced by indigenous businesses, as this will help them speed [...]

Oct 20, 2014 11:21

Recent Articles

How Okumagba Deploys Brunch to Mobilize Stakeholders on Market Development

How Okumagba Deploys Brunch to Mobilize Stakeholders on Market Development

BONNY AMADI   Only very few leaders in the country have internalized the tradition of meeting with stakeholders regularly to address issues as they affect their sector.   Some corporate leaders have in recent times assumed very busy disposition that they rarely convene board meetings; they have no real touch with their constituency and therefore [...]

NSE Fully Committed to Furthering Corporate Governance – Onyema

NSE  Fully Committed to Furthering  Corporate Governance – Onyema

BONNY AMADI   Oscar Onyema, Chief Executive Officer of The Nigerian Stock Exchange (NSE), and the Head, Corporate Services Division, NSE, Mr. Bola Adeeko attended the World Investment Forum (WIF) organized by the United Nations Conference on Trade and Development (UNCTAD) from 13th to 16th October 2014 in Geneva.   One of the main WIF [...]

…Bags Best Initiative in Support of SMEs and the MDGs Awards

Meanwhile, the Nigerian Stock Exchange (NSE) has bagged the award for Best Initiative in Support of SMEs and the Millennium Development Goals at this year’s Africa Investor (Ai) Investment and Business Leader Awards.   The award was announced at the Ai Investment and Business Leader Awards which took place during the Ai CEO Investment Summit [...]

NSE, Cbi Set to Launch the Corporate Governance Rating System (CGRS)

The Nigerian Stock Exchange (NSE) in collaboration with the Convention for Business Integrity (CBI) is geared to launch the foremost Corporate Governance Rating System (CGRS) in Nigeria on November 3, 2014 at the Grand African Ballroom, Intercontinental Hotel, Lagos.   The CGRS launch will be attended by corporate sector participants joined by government and civil [...]

Delisting: Possible End of Bull Market for More Listed Companies

Delisting: Possible End of Bull  Market for More Listed Companies

BONNY AMADI   Just like top institutions across the globe, there are minimum standards for gaining admission into the Nigerian Stock Exchange (NSE) and also once admitted, one is expected to maintain a minimum standard.   The exchanges across the globe have minimum standard requirements for admission into them, and also admitted companies are expected [...]

Nigerian Ropes Posts Increased Profit in Q3

  Bonny Amadi   Nigerian Ropes Plc statement of comprehensive income for the period ended June, 30, 2014 as submitted to the Nigerian Stock Exchange (NSE) recently showed that revenue grew to N188, 598 million, from N129,616 million recorded in the comparable period of 2013.   Cost of sales increased by about 24 per cent, [...]

Access Bank gets ISO 22301 Business Continuity Management Systems Certification

Access Bank gets ISO 22301 Business  Continuity Management Systems Certification

Access Bank Plc has been awarded the International Organization for Standardization (ISO), 22301:2012 certificate for ‘Societal Security – Business Continuity Management Systems.’ The award was presented to the bank by the British Standard Institute (BSI) after about three months of rigorous business impact analysis across all the departments of the bank.   Speaking during the [...]

Forte Oil Grows Gross Profit by 55%

BONNY AMADI   Forte Oil Nigeria Plc has sent a signal that its 2014 financial year would end on a remarkable profit note, going by the third quarter 2014 financial statement recently delivered to the Nigeria Stock Exchange (NSE).   The company’s third quarter report for the period ended September 30, 2014 showed that even [...]

Ikeja Hotel Administrative Expenses Rise To N1.24bn …As Turnover/Profit Declines

BONNY AMADI   Ikeja Hotels Plc audited financial statement for the period ended June 30,2014 showed that the company’s turnover dropped to N2,730,730 at the end of June 30,2014, from N3,207,698 turnover posted in the comparable period of 2013, reflecting over 15 % drop or N4476,968million.   Cost of sales for the period dropped to [...]

Why We Are Supporting Social Media Awards Africa, by Sterling Bank

Why We Are Supporting Social Media  Awards Africa, by Sterling Bank

Sterling Bank has attributed its decision to support the 2014 Social Media Award, Africa to the need to recognize and celebrate excellence, creativity and the impact of social media on human socio-economic development through its tools and platforms by individuals and organizations across the continent.   The bank’s Group Head, Strategy & Communications, Mr. Shina [...]

2015 Budget to be Driven By Harmonization of Fiscal / Monetary Policies,

Bonny Amadi   The Nigerian 2015 budget will be driven by harmonization of sound macroeconomic policies ad harmonization between fiscal and monetary policies.   Disclosing this recently in Lagos, cross section of financial experts said that to achieve the baseline GDP growth rate of 11.7 per cent per annum for the period 2011-2015, sound macroeconomic [...]

Wema Bank Gross Earnings Decline by 8.4% As Q3 P/L Lines Reflect Growth

Wema Bank Gross Earnings Decline by  8.4% As Q3 P/L Lines Reflect Growth

Wema Bank Plc third quarter financial statement for the period ended September 30, 2014 has shown recently delivered to the Nigerian Stock Exchange (NSE), has shown decline in gross earnings, even as P/L lines reflect growth.   Profit after tax (PAT) for the third quarter (Q3) climbed up 33.5 percent to 2.130 billion from 1.596 [...]

Zenith Bank Fine-tunes Disengagement Process From Zenith Securities

Bonny Amadi   Zenith bank of Nigeria Plc has said that it is currently processing necessary approvals with the Securities and Exchange Commission (SEC) for divestments from Zenith Securities Limited (ZSL).   The divestment, BusinessWorld Intelligence gathered is in compliance with directive of the Central Bank of Nigeria (CBN) to banks to divest from non-banking [...]

Ngozi Okonjo Iweala Bags 2014 Afrinvestor Awards

Africa investor (Ai), a leading international investment and communications group, announced the winners of the prestigious Ai Investment and Business Leader Awards 2014, which took place at the Ritz Carlton Hotel in Washington DC, during the Ai CEO Investment Summit on the eve of the World Bank Annual Meetings.   These prestigious Ai Awards are [...]

Feared Natural Gas Rally Short-Circuited by Cool Summer

Feared Natural Gas Rally Short-Circuited by Cool Summer

Rig hands thread together drilling pipe at a hydraulic fracturing site owned by EQT Corp., atop the Marcellus shale rock formation in Washington Township, Pennsylvania.   According to Bloomberg, rig hands thread together drilling pipe at a hydraulic fracturing site owned by EQT Corp., atop the Marcellus shale rock formation in Washington Township, Pennsylvania.   [...]