Capital Market

Oando H1 Post tax Profit up 110%, Offers 70 Kobo Interim Dividends, 30 Kobo in FY 2013

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Oil marketing firm, Oando Plc on Tuesday said its post tax profit climbed up 11 percent to 8.980 billion in its half year (H1) period ended June 31 2014 from N54.271 billion in the same period of 2013, the company said in a filing to […]

Heritage plans NSE listing after Enterprise Bank acquisition

Heritage Bank, which emerged the preferred bidder for Enterprise Bank two weeks ago, says it will list its shares on the Nigerian Stock Exchange after putting certain things in place, including the proposed transition of Enterprise Bank to Heritage Bank. The Chief Executive Officer of the bank, Mr. Ifie Sekibo, […]

Banks to refund N17bn illegal charges to customers

The Central Bank of Nigeria has ordered banks to refund over N17bn illegally charged customers as of August 2014. The Head, Consumer Protection Department, CBN, Hajia Khadijah Kassim, said this in Calabar, Cross River State on Monday. He said the decision was in response to about 5,500 complaints received from […]