archiveJuly 2016

Stanbic Bank has been formally awarded a banking license in Côte d’Ivoire in a drive towards establishing a presence in Francophone West Africa market. It will be recalled that the Group opened a representative office in December 2013, and now gearing up to commence banking operations in a market which...

Respite came the way of investors on the Nigerian Stock Exchange (NSE) on Tuesday as the market reversed a six-day losing streak for the All-Share Index appreciated by 1.14 per cent to close at 27,945.02 basis points in contrast to a decline of 0.11 percent recorded on Monday when it...

United Bank of Africa (UBA) Plc has debunked an attempt to link it with the ongoing socio-political issues in Turkey. The bank through its Head of Communications, Mr. Charles Aigbe in a public statement issued in Lagos today said it was not involved in the coup attempt in the country....

The Director General, Chamber of Commerce and Industry (LCCI), Mr. Muda Yusuf, has condemned the decision of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) to raise benchmark interest rate from 12 percent to 14 percent. Rising from the 251st edition of its meeting on Tuesday...

The Monetary Policy Committee (MPC) of Central Bank of Nigeria (CBN) has finally increased interest rate from 12 per cent to 14 per cent. The MPC meeting which began on Monday and came to an end in Abuja today was to grapple with the nation’s economy that has  faced challenges...

Despite protests from governments and rights groups, nationals of Nigeria and other drug convicts will face the firing squad in Indonesia this week after authorities gave notice of their executions in the early hours of Tuesday. The country’s the deputy Pakistani ambassador in Jakarta, Syed Zahid Raza, declared on Tuesday...

Fidson Healthcare has announced 88 per cent in profit after tax for the half year ended June 30, 2016. The pharmaceutical company reported that its profit after tax moved from N324 million in first half of 2015 to N39.58 million in first half of 2016. Similarly, profit before tax decline...

The nation’s currency, Naira slipped 2.5 per cent to a new closing low of 310 per dollar on Monday, failing to lure in local investors or foreign players as trade dried up a day before an expected interest rate hike from the central bank. Reuters report monitored by Business247 News...

*Describes remittances as key contributor to nation building. The Federal Government has called on Nigerians in the Diaspora to see the current economic realities in the country as good opportunities for them to participate actively in the ongoing efforts to reposition the nation’s economy. The Minister of Finance, Mrs Kemi...

The President of the Advertisers Association of Nigeria (ADVAN), Mr.  David Okeme has revealed that the marketing communications industry will grow if associations and groups within the industry can work better collaboratively. Okeme said this when top officials of Advertising Agencies Association of Nigeria (AAAN) paid a courtesy visit to...