Business

Fidelity Bank CEO explains why borrowers can’t access long term loans . Praises CBN’s Anchor Borrowers’ Scheme The Managing Director/CEO, Fidelity Bank Plc, Nnamdi Okonkwo has said that deposits are mainly short-term in nature and that lending such funds to customers for long-term can lead to asset mismatch. The bank chief who spoke at the 2016 Annual Conference organized by …

Read More »

Conoil Grows Half-Year Profit by 196 per cent Conoil Plc has rekindled its last year’s glowing performance with yet another impressive outing for the first half of 2016. Unaudited half year report of the oil marketing company filed over the weekend with the Nigerian Stock Exchange showed that its profit before tax rose from N528.5 million in 2015 to N1.566 …

Read More »

We have a strategic plan that will take us out of the recession – Adeosun The Minister of Finance, Mrs Kemi Adeosun, has assured Nigerians that the current economic recession the nation was experiencing will not be prolonged. She gave the assurance on Friday in Abuja while addressing a news conference. She said that there was a strategic plan by …

Read More »

Nigerian FirstNation Airline Fails To Resume Flights FirstNation Airline today failed to resume flight operations despite a corporate promise to do so. Our correspondent confirmed that FirstNation Airways, which suspended flight operations about three weeks ago and promised to return yesterday, failed to resume flights. According to agency report, a source close to the airline blamed the development on the …

Read More »

How to make your phone battery last longer– Chemists …reveals why you should never let it go flat and what causes it to explode Now chemists have released a series of tips to help ensure you can get the best out of your smartphone’s battery. They suggest never letting your device’s power to drain completely. In lithium ion batteries like …

Read More »

  FG Raises 10-Member Team on Agric Roadmap A ten-member committee has been inaugurated by the Federal Ministry of Agriculture and Rural Development (FMARD) to drive the successful Implementation of Nigeria’s Agric Sector Policy Roadmap, the “Green Alternative”. According to the ministry, the “Efficiency Team” is made up of 10 officers, drawn from the core external advisors to the Minister; …

Read More »

From Left: Principal Manager, Banking and Payments System Department, Central Bank of Nigeria (CBN), Aisha Isa Olatinu; Chairman, Finance Correspondents  Association of Nigeria (FICAN), Babajide Komolafe; CBN Director, Banking and Payments System Department, ‘Dipo Fatokun and Principal Manager, Banking and Payments System Department, Apan Nseobong during the FICAN Bi-Monthly Forum hosted by the CBN in Lagos…at the weekend. CBN to extend …

Read More »

  From Left: Abraham Orji, Proprietor, Nova Food Limited (Super Shop) and Mrs. Doris Orji;Patrick Akinwuntan, Ecobank Group Executive Consumer Banking and Tunde Kuponiyi, Acting Head, Consumer Distribution, Ecobank Nigeria during the pilot testing of Ecobank MasterPass QR, the new innovative payment solution that enables buyers pay for goods with their phones by scanning a Quick Response (QR) at the merchant …

Read More »

Minister of Finance, Kemi Adeosun Federal Government Holds Stakeholders Consultation On Pilot Issuance Of Green Bond The Federal Ministry of Environment has held a Stakeholders’ Consultation on the pilot issuance of Green bonds in Nigeria as part of moves to explore innovative sources of funding for its climate action plans towards sustainable development. Nigeria like most countries around the world, faces …

Read More »

Ecobank Nigeria launches Ecobank MasterPass QR Ecobank Nigeria has launched Ecobank MasterPass QR, a Mastercard global digital system that allows people to pay for services using mobile phones. The innovative new platform will also enable micro, small and medium enterprises (MSMEs) in Nigeria to receive digital payments from millions of customers. Ecobank Masterpass QR, makes electronic payments safe, simple and …

Read More »