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NB Records 6.7% Revenue Growth, Proposes N28 Billion Dividend Payout

The Board of Directors of Nigerian Breweries Plc has announced revenue of N313 billion for the 2016 financial year. The amount represents only a 6.7% growth from the N293 billion it recorded in 2015. An analysis of the audited results shows that Results from Operating Activities declined by 15 per cent to close at N52.9…

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Nuru Replaces Balogun As FCMB Boss

The First City Monument Bank Limited (FCMB Limited) has announced Mr. Adam Nuru as its new Group Managing Director effective March 20, 2017, in a new re-organization of the group. Before his new appointment, Nuru was the executive director in charge of business development for the bank. A statement from the FCMB Group Plc on…

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Nigeria Produces 2 Million Barrels Of Oil Daily – Kachikwu

Mr. Ibe Kachikwu, Minister of State for Petroleum Resources, has disclosed that crude oil production in the country has risen to two million barrels per day. Kachikwu made the disclosure when he met with the House of Representatives Committee on Petroleum Resources (Upstream) on Wednesday to defend the 2017 budget estimates of the Ministry of…

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