Business

By Ariwera Ibibo-Howells, Yenagoa The Chairman of the All Progressive Congress, APC, Bayelsa State Barrister Amos Jothan says the state chapter of the party will win more state and national Assembly seats in the 2019 election. Jothan gave this assurance Monday in an exclusive chat with newsmen in Yenagoa, the state capital. The party chieftain said the 2019 election would …

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Nigeria’s first award winning multi-application electronic transaction switching and payment processing platform, eTranzact International Plc, has trailed the blaze as its Managing Director/CEO, Mr. Niyi Toluwalope beat the closing gong on the floor of the Nigerian Stock Exchange on Thursday. The event, which held at the 8th floor of the Nigerian Stock Exchange (NSE), began at exactly 2:25 p.m. following …

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Heritage Bank Plc has stressed the need for sustained collaboration between banks and financial technology companies (fintechs). This will support Central Bank of Nigeria’s (CBN) drive for financial inclusion and promote economic growth. Managing Director of Heritage Bank, Mr. Ifie Sekibo, said this while delivering a goodwill message at the 2018 Annual National Conference of the Finance Correspondents Association of …

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–Says Skye Bank Takeover Good For Sector Tayo Olanipekun Nigerian banks’ earnings will come under pressure and capital metrics will decline marginally over the next 12 to 18 months, Moody’s has said. It noted in its latest Nigeria Banking System Outlook that the sector’s asset quality will remain weak with deterioration in loan performance that is marginal as operating conditions …

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Leading digital money transfer service WorldRemit has partnered with Access Bank for instant money transfers to Access Bank accounts in Nigeria. The new partnership further expands WorldRemit’s presence in Nigeria, allowing its customers in over 50 countries to send money to millions of Access Bank accounts directly from their phones. Access Bank is a leading commercial bank in Nigeria, with …

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As part of her Corporate Social Responsibility (CSR) initiatives, Diamond Bank Plc has partnered with the Lagos State Government to host the Lagos State Kick Against Drug Abuse (LASKADA) campaign – a programme designed to sensitize and educate students on the danger of drug abuse. Head Corporate Communications, Diamond Bank Plc, Chioma Afe who spoke at the launch of the …

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A limited liability company Seistech Energy limited has filed a petition before a Federal high court in Lagos south west Nigeria, urging the court to wind up an exploration and production of crude oil company Summit Oil International limited on the ground that the company is insolvent and unable to pay its debt . In a petition filed before the …

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The national economy got $45.7 billion investments in 12 sectors from January to June this year, the Nigerian Investment Promotion Commission (NIPC) has stated. In its latest report released at the weekend in Abuja, the agency noted that the sum was invested on 42 projects in nine states and the Federal Capital. Territory (FCT). A further breakdown shows that mining …

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Brent oil soared Monday close to $81, reaching the highest level since November 2014 after OPEC and other global producers snubbed pressure from US President Donald Trump to lower prices. At 0840 GMT (9:40am Nigerian time), Brent North Sea crude for delivery in November soared as high as $80.94 per barrel. The contract later stood at $80.69, up $1.89 from …

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Less than a month after it commenced substitution of accounts of recalcitrant billionaire taxpayers, the Federal Inland Revenue Service (FIRS) has collected over N12.66 billion in tax revenue. The Executive Chairman, FIRS, Tunde Fowler, disclosed this at the weekend when he received the new Minister of Finance, Hajia Zainab Ahmed, during her visit to FIRS headquarters in Abuja. Fowler spoke …

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