Fidelity Bank CEO explains why borrowers can’t access long term loans . Praises CBN’s Anchor Borrowers’ Scheme The Managing Director/CEO, Fidelity Bank Plc, Nnamdi Okonkwo has said that deposits are mainly short-term in nature and that lending such funds to customers for long-term can lead to asset mismatch. The bank chief who spoke at the 2016 Annual Conference organized by …

Conoil Grows Half-Year Profit by 196 per cent Conoil Plc has rekindled its last year’s glowing performance with yet another impressive outing for the first half of 2016. Unaudited half year report of the oil marketing company filed over the weekend with the Nigerian Stock Exchange showed that its profit before tax rose from N528.5 million in 2015 to N1.566 …

If not for providence, a multiple accident at Station bus stop along Iju Water Works road, Ifako Ijaiye Local Government area of Lagos State would have been more fatal. The accident which occurred this evening at exactly 8:20pm involved a Red BRT bus approaching Fagba traffic light, a yellow tricycle and a black jeep which had hit the tricycle before …