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Monday , 22 October 2018

Business

Eaton Acquisitions increases stakes in NEM Insurance to 9%

  Eaton Acquisitions Limited, an investment company, has increased its stake in NEM Insurance to 9%, days after it announced the acquisition of 4% of the insurance company. While the initial 130 million shares sold at ₦4 each, representing a premium of 40.35% against the closing share price of ₦2.85, the new shares were acquired at a lower value. Eaton ...

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Manufacturing is key to economic growth, development- Dangote

  Executive Director of the Dangote Group, Hajiya Halima Aliko-Dangote has urged millennials in Nigeria and across Africa to diversify from service-oriented enterprises to manufacturing and agriculture in a bid to fast-track the development of the continent and better life for its nationals.   Halima Dangote said that the economic realities around the world have shown that the way to go ...

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Stanbic IBTC assists Dangote Cement with yet another benchmark size Commercial Paper offering, still the largest ever issuance by a Nigerian company

  Stanbic IBTC Capital and Stanbic IBTC Bank, subsidiaries of Stanbic IBTC Holdings PLC, have partnered with Dangote Cement PLC (“Dangote Cement” or the “Company”), Africa’s largest cement producer, to conclude yet another issuance of N50 billion Series 3 and 4 Notes, under the recently established Dangote Cement PLC’s N150 billion CP Programme. Issuance of the Series 3 and 4 ...

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Eaton to build substantial stake in NEM, buys 130m shares.

Eaton Acquisitions Limited, an investment company that focuses on identifying listed companies with high growth potential and investing, has announced the completion of the purchase of 130 million shares of NEM Insurance Plc. The cross deal, which has caught the attention of market watchers, sees Eaton, which was seeking to acquire 10%, buy 4% stake in NEM Insurance’s shares. The ...

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Experts unlock future work template at Stanbic IBTC Bank forum

    In a rapidly changing world, more so in the digital space, finding the right models to anchor human capital development will remain a paramount determinant of corporate success. This thinking underscores the Workplace Banking Seminar’ organized by Stanbic IBTC Bank PLC, a member of Stanbic IBTC Holdings PLC, in Lagos, recently.   The seminar, with the theme, ‘The Future ...

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Africa-China relations take spotlight at Stanbic IBTC forum

  The business community has gained a deeper understanding of the workings of the currency swap agreement between Nigeria and China as a forum organized by Stanbic IBTC Bank PLC, a member of Standard Bank Group, put into perspective the growing economic ties between the Asian giant and Africa.   Stanbic IBTC said the forum was meant to provide critical ...

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Fidelity Bank Denies Obscene Viral video Post

Foremost e-rated commercial financial house, Fidelity Bank has released a statement addressing the viral  video where it was alleged that security operatives at the instance of the bank officials beat up customers in one of their banking halls in Lagos state. For the avoidance of doubt and clarity of purpose on the side of Fidelity Bank, their reaction, signed by ...

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GTBank Records Profit Before Tax of N109.6BN for H1 2018 Audited Results

 Guaranty Trust Bank plc has released its audited financial results for the period ended June 30, 2018 to the Nigerian and London Stock Exchanges.   A review of the results shows positive performance across all financial indices, reaffirming the Bank’s position as one of the most profitable and well managed financial institutions in Nigeria. Gross earnings for the period grew ...

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Stanbic IBTC unveiled as major sponsor as varsity league kicks off

  Stanbic IBTC Group has announced its sponsorship of the Higher Institutions Football League (HIFL), which kicked off on Wednesday (1 August 2018). Stanbic IBTC said the sponsorship is in tandem with the company’s determination to help grow and develop a vibrant and productive youth population.   According to Stanbic IBTC, their involvement is equally informed by the need to ...

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