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Business & Finance

Digital Banking Holds The Key To Financial Inclusi

Thursday, June 29, 2017
Nigeria rsquo;s economy may be in a difficult period, but with digitalisation at the core of the national banking strategy, financial inclusion has been given room to grow. ldquo;There are so many people in Africa that are outside the banking system rdquo;, said Segun Agbaje, Managing Director a ...

NSE admits Fidelity Bank Plc' N30 billion bond into its daily official list

Wednesday, June 28, 2017
The Nigerian Stock Exchange (NSE) has admitted Fidelity Bank Plc' N30 billion bond into its daily official list.The Managing Director/Chief Executive Officer, Fidelity Bank Plc, Nnamdi Okonkwo, said the bondsqualify as securities because Pension Fund Assets could be invested under the Pensions Refor ...

Wema Bank Hit by N5.2billion Oil Deal Scandal…Accused of Issuing N346m Dud Chequ

Tuesday, June 27, 2017
Per Second News mdash;A band of crime fighters have blown the lid off a banking scam perpetrated by the management of WEMA Bank PLC. A 2016 gross earnings of N54.25 billion and Profit After Tax (PAT) of N2.59 billion has been overshadowed by ongoing fallout from a phony-dud cheque scandal ...

Loan Scandal: Central Bank Of Nigeria Browbeats Banks As ETISALAT Proposes Payin

Saturday, June 24, 2017
The crisis confronting debt-ridden Etisalat, one of Nigeria rsquo;s biggest telecom companies, took a disturbing turn yesterday, with the Central Bank of Nigeria (CBN) urging a consortium of banks to which Etisalat is indebted to the tune of over $1.2 billion to stop putting pressure on the telecom ...

Dangote Cement to shut Ethiopian plant over mining disputes

Friday, June 23, 2017
Dangote Cement Plc , controlled by Africa's richest man, Aliko Dangote, said it may shut its operations in Ethiopia if authorities in the central state of Oromia don't reverse an order to cement makers to hand over control of some parts of their businesses to local young people. Oromia state's Ea ...

Class Act! Billionaire businessman, Sam Iwuajoku, builds first-ever airport hote

Thursday, June 22, 2017
Very few businessmen can knead the tripartite traits of genius, modesty and character into that moral and humane centaur that remains unattainable to generations of tycoons and billionaires like Sam Iwuajoku. The billionaire businessman achieves this with unequalled grace and eacute;lan. The per ...

Etisalat debt: CBN directs banks to maintain status quo

Thursday, June 22, 2017
The Central Bank of Nigeria (CBN) on Wednesday directed the consortium of 13 banks involved in Etisalat Nigeria's $1.2 billion loan to suspend further action on the indebtedness, including taking over ownership or management of the company. This came as a source in Etisalat claimed that the telec ...

How accurate census continues to elude Nigeria: The Economist of London

Thursday, June 22, 2017
Nigeria is Africa's most populous country, a designation it wears with pride. It had more than 182m citizens in 2015, according to the World Bank, and is poised to have the world's third-largest population, behind India and China, by 2050. But that figure and the extrapolation are based on Nigeria's ...

In her father’s strides…Mike Adenuga’s daughter, Bella, becomes top Director in

Wednesday, June 21, 2017
Too many rich, spoilt kids do nothing that has permanence. They slither through life and the world, like the proverbial rattlesnake travelling across the rocks without an imprint or establishment of its presence on the rocky plains. But Bella Adenuga-Disu seems remarkably different. The beautiful ...

Richard Quest explores growth and the future of business in Nigeria on ‘CNN Busi

Wednesday, June 21, 2017
This month, CNN Business Traveller travels to Nigeria where host Richard Quest examines the country rsquo;s growth, infrastructure and what it means to do business in Africa. The programme reports from the commercial hub of Lagos, which is battling ailing infrastructure to continue to develop and ...

Access Bank, Zenith Bank, 11 others take over Etisalat Nigeria

Wednesday, June 21, 2017
A consortium of Nigerian banks, led by Access Bank Plc and foreign banks, has taken over the management of Etisalat Nigeria, following the inability of the telecoms company to meet up with its debt obligations. The takeover, which came into effect on June 15, has been confirmed by Mr. Ibrahim Dik ...

FG to expend N558.8m recovered loot to finance projects

Tuesday, June 20, 2017
The Federal Government said on Monday it would use a fraction of the looted funds recovered so far to finance part of the 2017 budget. The Minister of Budget and National Planning, Sen. Udoma Udo Udoma, said this at the 2017 budget breakdown in Abuja. He said the total revenue projected ...

New Nigeria Air Carrier, Jetwest, to Begin Operation in December

Sunday, June 18, 2017
A new airline, JetWest, is set to begin operation in the Nigerian aviation industry, PREMIUM TIMES has learnt. The airline, founded by a Nigerian entrepreneur, Dikko Nwachukwu, is being cleared for take-off and is billed to begin operation in December. Speaking about the plan, Mr. Nwachukwu sa ...
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