archiveJuly 2016

…Wins Best Bank in Nigeria & Best Digital Bank in Africa Guaranty Trust Bank plc reaffirmed its position as a leading global brand with its recent recognition as the ‘Best Bank in Nigeria & Best Digital Bank in Africa’ during the 2016 Euromoney Awards which held in London last week...

The Experiential Marketers Association of Nigeria (EXMAN), the sectorial grouping of all experiential and activation agencies in Nigeria, is set to hold its third annual general meeting in Abuja. The theme of this year’s meeting is “Building Nigeria through Meaningful Experiences; the Role of the Experiential Marketing Industry in Building...

The Federal Ministry of Finance has organised a two-day national retreat on revenue generation in Kano, Kano State in order to evolve new ideas and strategies for boosting revenue generation to finance the 2016 budget and upgrade the country’s infrastructure. According to a press statement signed by Director of Information...

The Chartered Institute of Bankers of Nigeria (CIBN) has inaugurated new committees of council, in a bid to see to the administration of the general affairs of the institute. The new committee will be reporting directly to the Governing Council of the institute with the immediate tasks of repositioning of...

The African Development Bank (AfDB) and the African Securities Exchanges Association (ASEA) signed a 5-year Memorandum of Understanding (MoU) to amplify the impact of their strategically aligned joint efforts to promote resources mobilization to fund Africa’s economic growth. This MoU will provide a collaborative framework for harmonizing and coordinating the...

Following the financial crisis that is ravaging the economy, Nigerians are now sacrificing their insurance budget to meet more immediate needs, a development experts said could mean sitting on a gun powder. ABDUL-KHALIQ OLALEKAN writes. Worldwide, insurance has been seen as the last hope of the common man. This is...

Importers and freight forwarders in the umbrellas of Shippers Association Lagos State (SALS) and the National Association of Government Approved Freight Forwarders (NAGAFF) are worried over the sudden increase in Customs duty at the ports and borders. While the SALS expressed the fear that importers and exporters may abandon their...

Fitch Ratings has affirmed the Issuer Default Ratings (IDRs) of eight Nigerian commercial banks and affirmed the Viability Ratings (VR) of all the banks. The Outlook on the Long-Term Foreign Currency IDR of one of the banks, Guaranty Trust Bank (GTB), has been revised to Stable from Negative due to...

The International Monetary Fund (IMF) has said on Monday that the Nigerian economy “will probably” shrink in 2016, performing below the IMF forecast for the country. Speaking in Abuja, IMF resident representative in Nigeria, Gene Leon, said in Abuja that energy shortages and delayed budget weigh on output in the...

S&P Global Ratings has today come out to lower its long-term counterparty credit rating on Skye Bank Plc to 'CCC-' from 'CCC+' and affirmed its 'C' short-term counterparty credit rating on the bank. According to the rating agency, “We also lowered our long-and short-term Nigeria national scale ratings on the...