archiveAugust 2016

Stanbic IBTC Bank’s payment cards have been adjudged the best in the country in 2016, in recognition of its leadership in the provision of card payment solutions in the financial services industry. The bank won the 2016 Card Payment Bank of the Year award at the 2016 Nigeria Telecoms Awards,...

Lagos State Governor, Mr. Akinwunmi Ambode, said the largest single line refinery in the world being developed at the Lekki Free Trade Zone by Alhaji Aliko Dangote will change the face of oil and gas business in the West African region. Governor Ambode, said this at the LFTZ during an...

As the effect of global economic challenges in the oil & gas sector persist, Oando Plc has announced a loss of N26.99 billion in half year ended June 30, 2016. The Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchanges, profit dropped by 23 per...

  As six declare N33.9bn drop in profit There is no need for further proof that things are very difficult for all operators, all sectors of the nation’s economy as well as the populace in general. Even the banking stocks which were hitherto the toast of investors on the Nigerian...

Towards the advancement of the economy, Fidelity Bank Plc, in partnership with the Nigerian Export Promotion Council (NEPC) has formally inaugurated the Zero2Export project. Specifically designed to provide valuable insights into all processes and structures required to engage in non-oil export business, Zero2Export is a novel capacity-building programme targeted at...

The Central Bank of Nigeria (CBN) vision is to achieve a stronger payment system by 2020, a revolutionized banking system needed to position Nigeria among 20 strongest economy in the world. The main reason CBN introduced electronic-banking in Nigeria is to reduce the number of customers that enter banking hall...

Cross River State Governor, Prof. Ben Ayade, has commended the members of the Outdoor Advertising Association of Nigeria (OAAN) for their contribution to the growth of the Nigerian economy. The Governor who spoke at the 31st annual general meeting (AGM) of OAAN held in Calabar last Friday, said the body...

The Federal Government is in talks for concessionary loans worth $3.5 billion from the World Bank and African Development Bank (ADB) to help finance a planned this year budget, Finance Minister Mrs Kemi Adeosun said. While discussions are going on, a formal request hasn’t yet been made to the World...

From Market Capitalisation of N9.631 trillion and All-Share Index of 28,042.99 with which the market opened on Monday it closed the first trading day of the week today at N9.563 trillion and 27,843.00 translating to a loss of N68 billion for investors in the day trading. A total of 331.691...

Forte Oil Plc has said it would raise N50 billion debt capital before the end of 2016 financial year. The Group Chief Executive Officer of Nigeria’s leading oil and gas company, Mr. Akin Akinfemiwa, said the company has completed a capital raising program and that discussion was ongoing with the...