Business

As part of efforts to improve the operational efficiency of the Anchor Borrower’s Programme (ABP), the Central Bank of Nigeria (CBN) has introduced technology to guide input distribution of farmers under it Anchor Borrowers Programme. The pilot phase, flagged off at the Federal Capital Territory (FCT), last week, was meant to build a national data base for small holder farmers, …

Read More »

The Nigerian Export Import (NEXIM) Bank, in collaborating with the Central Bank of Nigeria (CBN), plans to bail out stagnant industries in Kano, with the disbursement of N500 billion Export Development Fund. The aim is to inject various export development funds, ranging from N10 billion and above to the stagnated industries to enable them resume operations at optimum capacity. NEXIM …

Read More »

Hon. Justice Saliu Saidu of the Federal High Court Lagos Division has granted an injunction against Osigwe Foods and Agro Industrial Company Limited, owned by Chief Anselm Kayode Mohammed on the application of Asset Management Corporation of Nigeria (AMCON). The obligor owes AMCON nearly N5billion. AMCON purchased the huge debt during the first, second and third phases of purchase of …

Read More »

United Bank for Africa Plc says it has issued over three million Near Field Communication technology-enabled contactless cards to its teeming customers. “UBA has revolutionised the payments landscape in Nigeria in 2015, with the introduction of contactless payment cards which enable customers pay with ease by leveraging the NFC technology,” it said in a statement on Monday. The NFC technology …

Read More »

A Businessman, based in Markurdi, Benue state, Mr. Rapheal Ogugua, on Friday received the star prize of a Hyundai Accent car during the Season 9 DiamondXtra regional prize presentation ceremony held in Umuahia, Abia State. Speaking, shortly after the presentation, Rapheal told pressmen that he has been a long time customer with Diamond bank. In his words…’ When I was …

Read More »

Penultimate week, a multi-billion Naira  oil refinery owned  by Dr Eruani Azibapu Godbless grand breaking ceremony was held at Obunagha in Bayelsa state, our correspondent Amos Okioma who was present reports that former president Olussegun Obasanjo and Governor Seriake Dickson and others used the forum not only to commend entrepreneurs ingenuity of Dr Eruani, but said it has changed the negative …

Read More »

The World Bank Group has expressed its willingness to assist the Federal Government’s Power Sector Recovery Programme with $2.6bn. According to the Federal Ministry of Power, Works and Housing, the financial intervention from the bank for the PSRP would help to fully fund historical and future deficits in the power sector. The PSRP is a series of policy actions, operational, …

Read More »

The Securities and Exchange Commission (SEC) has said that it aims to achieve increased level of financial inclusion of Nigerians by the year 2020. Acting Director General of the SEC, Dr. Abdul Zubair stated this during a financial inclusion sensitization campaign held in Karshi, Abuja weekend. Represented by Director Market Development Department of the Commission, Mr. Abdul Bello, Zubair said …

Read More »

Photo Caption: From Left; Group Head, Card Management/Client Access, Ecobank Transnational Incorporated, Isaac Kamuta;  Ecobank Customer/ Co-Founder of Labule Restaurants, Lekki – Lagos, Lanre Adisa; Managing Director, Ecobank Nigeria, Charles Kie and Head, Commercial Banking, Ecobank Nigeria, Rotimi Morohunfola during presentation of gift to Ecobank customer by the MD of the bank  as part of Valentine Day celebration in Lagos …

Read More »

Gulfstream G500 business jet has made its Nigerian debut this week, the U.S.Consulate in Lagos has said in a statement on Friday. The launch took place with Gulfstream Aerospace Corporation’s senior executives visiting Nigeria to give the nation’s existing and potential customers an opportunity to “experience firsthand the new aircraft’s cutting-edge technology, unparalleled comfort and superior craftsmanship,” according to the …

Read More »