archiveJune 2016

By ABDUL-KHALIQ OLALEKAN Islamic Cleric, Alhaji M.A Bada, has urged Muslims across the country to consider taking insurance as a form of protection against future loss, noting that Islam supports it. Bada, the Chief Imam of Oluyole Estate Extension, Ibadan Oyo State, who spoke at the 2016 Ramadan Tafsir Lecture...

By ABDUL-KHALIQ OLALEKAN The management of Royal Exchange Plc,over the weekend, confirmed the appointment of Alhaji Auwalu Muktari, as the substantive Group Managing Director (GMD) of the company. A statement from the firm and made available to Business247 over the weekend, said the appointment took effect from June 15, 2016....

Nigerian Maritime Administration and Safety Agency (NIMASA) is set to automate its payment collection processes to engender greater efficiency and eliminate revenue leakages. Already it has held a meeting with shipping companies operating in the country. Some of the shipping companies represented at the meeting include; Grimaldi, Maersk, GAC, Hull...

From the value depreciation of 1.45 per cent upper week, the fortune of investors on the Nigerian Stock Exchange (NSE) changed for the better this week as they gained N692 billion. The All-Share Index of the Exchange rose by 7.40 per cent from 27,232.62 and closed at 29,247.27 while the...

Stockbrokers in the Nigeria Capital Market have reassured investors that the Nigerian Stock Exchange (NSE) has potential to generate strong Return on Investment (ROI) and the market is already witnessing a rebound with the new foreign exchange of the Central Bank of Nigeria (CBN). Besides, they advised investors to take...

Lagos Chamber of Commerce and Industry (LCCI), and the West African Institute of Financial and Economic Management (WAIFEM) have described the new flexible foreign exchange framework as not surprising. In separate statements, the two bodies expressed divergent views on how the new policy would impact the economy and the populace....

The President, Association of Bureau de Change of Nigeria (ABCON), Mr. Aminu Gwadabe, said the Central Bank of Nigeria (CBN) new foreign exchange policy regime would fuel cartel in the foreign exchange market. The BDC chairperson speaking with Business247 lamented over a number of issues which he claimed will erode...

In line with its mandate to enrich the lives of its customers through efficient and prompt delivery of quality banking services, Sterling Bank has announced the conclusion of the upgrade of its information technology infrastructure. About 24 months back, the Bank commenced the upgrade of its core and subsidiary systems,...

As part of its corporate social investment campaign for 2016, management and staff of Stanbic IBTC, a member of Standard Bank Group, devoted a day to mentor students of Lagos Progressive Schools, Surulere, on career choices and leadership. The mentorship class provided an opportunity for the students to have a...

Consistent with its thought leadership position and as part of its commitment to drive growth and develop capacity in the SME segment, the Chairman, First Bank of Nigeria Limited, Mrs. Ibukun Awosika will play host to over 50 technology companies at the FirstBank Tech Startup Conference, tagged “Let’s Talk Tech”,...