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 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 …

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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 …

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The group financial performance of the Nigerian National Petroleum Corporation recorded its third consecutive monthly loss in March as the oil firm reported a loss of N33.996bn in the first quarter of this year. According to the latest monthly financial and operations report for March 2017, the NNPC stated that crude oil production also decreased from 1.84 million barrels per …

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The second edition of a retail banking workshop organised by Ciuci Consulting will explore strategic tools employed to drive financial inclusion. According to a statement by the consulting firm, the workshop, themed, ‘Catalysing SME funding and retail lending to Nigeria’s economic development’, is in line with the CBN’s policies and processes designed to enhance financial inclusion. The programme is scheduled …

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Folake Sokoya & Utulu Andrew Chukwiudi Onuamadike a.k.a Evans was first declared wanted in August 2015 when he masterminded the attempted kidnap OF Chief Vincent Obianudo, the CEO of the Young Shall Grow Motors in Festac area of Lagos state. It was gathered that Evans was the only one that escaped while three of his gang members lost their lives …

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 Partners Oyo govt in N9bn rice production, to establish farm in Kogi Jonathan Eze in Lagos, Ademola Babalola in Ibadan and Yekini Jimoh in Lokoja Nigeria’s dream of becoming self-sufficient in sugar production is soon to be realised, with the signing of a Memorandum of Understanding (MoU), between Dangote Sugar Group, and the Nasarawa state Government, in an epoch making …

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  The DataCloud Europe conference which has attracted over 1800 Data Center and Cloud executives from more than 60 countries as well as over 90 exhibiting companies, is the foremost networking event for data center players in EMEA.   During the conference, Gbenga Adegbiji, General Manager of MainOne’s MDXi Data Centers, joined an expert panel on the Africa Data Centre …

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Ecobank Nigeria says the deepening of its digital banking solutions has enabled the bank take easy, fast and secure banking solutions to every household in the country. The bank’s digital platforms enables customers do instant payment; send and receive money securely and instantly; shop with mobile phone in store; instant account opening on mobile phones and instant payment across 33 …

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Transcorp Hotels Plc has announced the reopening of the Executive Floors and Lounge of its flagship Transcorp Hilton Abuja.  The reopening marks a milestone in the on-going $100 million renovation project of the historic and award winning 5-star hotel, leading up to its 30th anniversary commemoration this year. The redesign, conceptualized by Swedish interior designer, Living Designs, is inspired by the …

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In line with its business objective of enabling young Nigerians and students to derive maximum benefits from their limited finances, Bridge Concepts Limited has announced a partnership with the pan African Financial institution, United Bank for Africa (Plc) with the introduction of co-branded discount cards known as the Naija Green Card, the first of its kind discount payment solution.  The Naija Green Card powered …

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