Business

Ecobank Nigeria Ltd, an affiliate of Ecobank Transnational Incorporated (ETI), the leading financial services group in sub-Saharan Africa has entered into partnership with a leading microfinance bank in Nigeria, Accion Microfinance Bank to introduce Western Union Money Transfer Remittance services at some locations of the microfinance bank. This collaboration will enable Accion Microfinance Bank customers in the selected branches have …

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Access Bank Plc has announced its audited results for the full year ended 31 December, 2016 and proposed a final dividend of 40 Kobo per share bringing the total dividend for the year to 65 Kobo. In the audited financial results released to the Nigerian Stock Exchange (NSE) on Monday, the Bank reported strong sustainable growth across all its four …

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About 50 drivers recently sacked by the Fidelity Bank Plc on Monday barricaded the bank’s headquarters on Victoria Island, Lagos, to protest alleged non-payment of their severance packages. The workers, who carried placards and chanted solidarity songs, said that since the bank retrenched them a month ago, efforts to make it pay their entitlements failed. One of them, Mr Samuel …

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Healthy financial markets, the world over, form one of the key underlying basis for successful economies. From the developed nations of the United States of America, United Kingdom, to the emerging markets in Turkey, India and the developing countries such as Nigeria, Egypt etc., fully functional and well regulated financial markets have fast tracked and endeared investors into these economies. …

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The Lagos Chamber of Commerce and Industry (LCCI) on Saturday challenged States Governments in Nigeria to take a cue from the current steps of the Federal Government to improve investment environment. Commending the creation of the Presidential Enabling Business Environment Council (PEBEC), chaired by the Vice President, Professor Yemi Osinbajo, President of LCCI, Dr (Mrs) Nike Akande explained that the …

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Activities in the private sector in the domestic economy, expanded for a second straight month in February, driven by a rise in new business despite a fall in export sales, a survey showed on Friday. The Markit Stanbic IBTC Nigeria Purchasing Managers’ Index (PMI) rose to 52.2 last month after rising to 51.9 in January, the strongest reading since December …

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From Left: Kobby Bentsi-Enchill, Executive Director, Stanbic IBTC Capital; Monday Usaide, Head, Market Development Department, Debt Management Office (DMO); Ade Bajomo, Executive Director, Market Operations and Technology, The Nigerian Stock Exchange (NSE); Abraham Nwankwo, Director General, DMO; Oladele Afolabi, Director, Portfolio Management Department, DMO; Funmi Ogunlesi , Executive Director, Public Sector Group, Citi ; Abdulkadir Haruna, Team Leader, Market Planning, …

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The Central Bank of Nigeria said the recent appreciation of the Naira against other currencies was the result of its market monitoring and intervention. The acting Director, Corporate Communications of the CBN, Mr Isaac Okoroafor, on Thursday in Sokoto refuted the claim that the allegations by Mr Babatunde Gbadamosi on the illegal sales of foreign currencies at ridiculous rates were …

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The National Bureau of Statistics (NBS) on Tuesday released the 2016 4th Quarter Gross Domestic Product (GDP) Report which shows a significant improvement in the country’s economic fundamentals and promising signs that things are beginning to turn for the better. Although the numbers are still negative, indicators in the critical sectors show some encouraging improvements compared to those of the …

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To complement its N7 billion Surgical and Diagnostic Centre (SDC) currently under construction, the Dangote Foundation has concluded the renovations of some sections of the Murtala Muhammed Specialists’ Hospital, Kano which gulped over N200 million. The 900 bed capacity hospital, reputed for highest number of in-patients in sub-Saharan Africa has been lacking facilities that may detract from the new SDC …

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