Business

With the alarming number of market women, artisans and underserved population who are unbanked, Heritage Bank Plc has deepen its retail banking structure by growing its agent banking base to 400 ‘Corner Shops.’ This is in line with the financial inclusion strategy of the Central Bank of Nigeria, as Heritage Bank Plc launches agent banking services at the coastal town …

Read More »

The Nigerian Minister of Finance, Honorable Kemi Adeosun, says the country will benefit by signing up for the African Development Bank funded ENABLE Youth (Empowering Novel Agri-Business-Led Employment) (http://APO.af/276D5p) Program. Nigeria’s signatory to the ENABLE youth program will make the oil-rich country the third African country coming behind Cameroon and Sudan to benefit from funds under the AfDB Feed Africa initiative. …

Read More »

Shareholders of Ecobank Transnational Incorporated (‘ETI’), the parent company of the Ecobank Group, (‘Ecobank’ or ‘the Group’), has approved the issue of up to $400 million in convertible bonds to strengthen the bank’s operations. The convertible bond issue will have a maturity of 5 years and a coupon of 6.46% above 3-month LIBOR, with an option to convert at an …

Read More »

Bolanle Emmanuel Members of the Association of Senior Civil Servants of Nigeria, Nigerian Export Promotion Council (NEPC) chapter have elected new set of officers to run the affairs of the union. Delegates from various NEPC Zonal offices participated at the election which held at the headquarters in Abuja 13th June. Mr. Ayodele Sunday Emmanuel emerged the Chairman having won a …

Read More »

The Federal Government has announced its intention to nip off various widespread tax malpractice in the country, stressing that the country’s tax to Gross Domestic Product (GDP) of six per cent is one of the lowest levels in the world. This was stated on Friday by the Minister of Finance, Mrs. Kemi Adeosun while speaking at the Nigerian Stock Exchange …

Read More »

Nigerian migrant workers sent back home $18.956bn as remittances, a figure which indicated a 5.2 percent growth in nine years, a UN agency’s report showed on Wednesday. According to the report, titled Sending Money Home: Contributing to the SDGs, One Family at a Time and published on Wednesday, global migrant workers sent back to their home countries $445bn in 2016, lifting …

Read More »

The European Union (EU) Commission on Thursday in Brussels, Belgium, announced a support package of €143 million to help the early recovery and reconstruction needs in the North East of Nigeria. The package is for the provision of basic services including energy, education and health, job creation, strengthening monitoring and evaluation systems as well as public financial management systems. Minister …

Read More »

Guinness Nigeria Plc has announced the appointment of Viola Graham-Douglas as its Corporate Relations Director, effective June 1, 2017. Mrs. Graham-Douglas started her career in the banking industry in Nigeria and worked in varied roles with reputable banks. She joined Lafarge Africa Plc, formerly WAPCO Cement, as Treasury Manager, and subsequently became the Company Secretary/Head of Corporate Services before being …

Read More »

 Shareholders under the aegis of Progressive Shareholders Association of Nigeria and Renaissance Shareholders Association have blamed Central Bank of Nigeria (CBN) for not sanctioning some banks Chief Executive Officer over increased Non performing Loan (NPL) ratio above regulatory threshold.   The CBN’s NPL ratio was pegged at five per cent with some leading commercial banks recording an average of 10 …

Read More »

UAC of Nigeria Plc has recorded a profit after tax of N5.6 billion for the year ended December 31, 2016, just as the company plans  to bolster its operations with a capital injection of N15.4 billion through a Rights Issue. The Chairman of UACN, Mr. Dan Agbor, disclosed this yesterday at the company’s annual general meeting (AGM) in Lagos. According to …

Read More »