Business

Naira loses 85% of value in two years – CBN …enjoins risk managers to be on top of their job As Nigerians continued to grapple with the hash economic realities bedeviling the domestic economy, the Central Bank of Nigeria has disclosed that the naira has lost about 85 per cent of its value in the last two years and that …

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FCMB reports N140.7bn gross earnings in Q3 Despite the hash economic realities in the domestic economy, First City Monument Bank (FCMB) Group Plc yesterday reported N140.7 billion in gross earnings for the third quarter ended September 2016, 29 per cent above N109.3 billion recorded in the same period prior year. The group non-interest income stood at N44.8 billion, for Q3 …

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  Ecobank Collaborates With NIBSS On New Mobile Payment Solution mCash   Ecobank has joined a collaboration between the Nigeria Interbank Settlement Scheme, NIBSS and the four major telecommunications operators, Etisalat, MTN, Airtel and Globacom, to offer a new and innovation mobile money payment solution, mCash. The new mobile payment solution enables easy payments using the mobile phone for account …

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States Consider Inputs Into National Economic Recovery Plan Commissioners of Budget and Economic Development and Permanent Secretaries of related departments in States of the Federation on Thursday gathered in Abuja to contribute ideas and consider inputs into the National Economic Recovery and Growth Plan (ERGP). The gathering was part of the Federal Government initiative to harvest inputs from all segments …

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  Unclaimed Dividend: Investors Paid Over N29bn from November Last Year Till-Date -Gwarzo FRIDAY EKEOBA As part of the Securities and Exchange Commission (SEC) drive to reduce the unclaimed dividend in the domestic economy, Registrars of companies in the Nigerian capital market have paid over N29 billion to investors that have not been able to claim their dividend. The Director …

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Dangote donates food items to IDPs The Yobe Committee on Resettlement of Internally Displaced Persons (IDPs) on Friday distributed food items donated by Dangote Foundation to nine communities in Tarmuwa and Damaturu Local Government Areas. Alhaji Abubakar Aliyu, the state Deputy Governor and Chairman of the IDP resettlement committee, while distributing the materials in Babbangida, said that Dangote Foundation was …

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SEC takes step at improving financial literacy…… Launches capital market journal  The Securities and Exchange Commission is set to improve the financial literacy of Nigerians as poor financial literacy has been identified as one of the factors responsible for the low level of financial inclusion in the country. This was disclosed by Director General of the Securities and Exchange Commission …

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Glo subscribers to enjoy 11k per second tariffs for local, international calls Grandmasters of data, Globacom, has explained that the quest to give its subscribers more talk time to communicate with family, friends and business associates locally and internationally, prompted the introduction of its well received product, 11k Per Second For All. The product which allows Glo customers who subscribe to …

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