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The Automobile & Allied Sectoral Group of The Lagos Chamber of Commerce and Industry (LCCI), has elected Mr Bambo Adebowale, to steer the ship of the group and take charge of its affairs for the next two years. This followed the expiration of the term of office of the previous executives of the group. Director General, LCCI, Mr. Muda Yusuf, …

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The Asset Management Corporation of Nigeria has announced the sale of Keystone Bank Plc (formerly Bank PHB). The bank was sold to Sigma Golf Nigeria Limited and Riverbank Investment Resources Limited (the Sigma Golf-Riverbank consortium) for a sum of N25 billion. AMCON did not officially disclose the purchase consideration. Here is what we know so far; The consortium that acquired …

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As the Cashless Africa expo gets underway at the Lagos Oriental hotel tomorrow, March 22nd and 23rd, experts will gather to discuss the future of finance in Lagos, the economic hub of Nigeria. The event has attracted more than 35 speakers from 30 countries to attend what has become a leading regional digital financial services conference in West Africa. Ms …

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The Nigerian Stock Exchange (NSE orExchange) in collaboration with Access Bank Plc will commemorate the 2017Global Money Week themed: ‘Learn. Save. Earn’ with a series of educationalprograms to raise awareness and improve the capabilities of young people tomake sound decisions when it comes to financial matters. The knowledge sharing sessions will hold from March27 to March 31, 2017 across all …

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The Federal Governmenthas officially confirmed that it has attained self-sufficiency in theproduction of cement and is now an exporter of the commodity, ascribing thefeat to Dangote Cement which spare headed the backward integration policyintroduced by the government. Minister for Solid Minerals Development, Dr.Kayode Fayemi who leads a team of the federal government to the Dangote Cementplants in Ibese, Ogun State at …

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Ecobank Nigeria staff at the weekenddonated various items to Hearts of Gold Children’s Hospice, Lagos as part ofactivities to mark this year’s International Women’s Day (IWD). According to Omoboye Odu, member,Organising Committee, IWD, Ecobank Nigeria, the kind gesture is borne out of adesire to touch the lives of the children by assisting to shape their future,education and lifestyle in a …

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The Minister ofFinance, Mrs. Kemi Adeosun, has urged the Central Bank of Nigeria (CBN) toextend Bank Verification Number (BVN) requirement to account holders inMicrofinance Banks (MFBs). She saidthis would facilitate the detection of bank accounts which might have beenopened and operated in such banks by ghost workers and other syndicates. A statement by the ministry’s Directorof Information, Mr. Salisu Dambatta …

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Heritage Bank Limited, Nigeria’s most innovative banking services provider, has empowered over 600 women across the country as part of activities to mark the International Women’s Day tagged: “Be Bold for Change.” The bank organised a training programme with theme: Emerging Female Entrepreneurs Forum for women in Benin, the Edo state capital, Ibadan, the Oyo State capital, Minna in Niger …

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The Federal Government of Nigeria (FGN) Savings Bond which will open for subscription exclusively on the Nigeria Stock Exchange (NSE) will boost financial inclusion says the Executive Director, Capital Market Division of NSE. The NSE key official made this remark while commenting on the planned launch of the sovereign savings bond which is scheduled for Monday, is targeted at retail …

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The management of Heritage Bank onTuesday gave one of its Executive Directors, Mrs. Mary Akpobome, a clean billof health, saying she had being performing her duties creditably. In a statement denying an online news portal report that she hadbeen asked to resign her position for allegedly authorising unwholesometransactions, the bank said neither Akpobome nor any of its management teammembers had …

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