archiveSeptember 2016

Zenith Bank Plc and First Bank of Nigeria (FBN) Holdings Plc have stronger liquidity ratio required by Central Bank of Nigeria (CBN) to absorb a reasonable shock from customers’ emergency withdrawal. Liquidity ratios are a class of financial metrics used to determine a bank’s ability to pay off its short-term...

Foreign airlines flying to Nigeria have started to refuel abroad to bypass pricey and increasingly scarce, jet fuel as the country battles a hard currency shortage that has made fuel available only at a very high price. According to Reuters report monitored by Business247 News Online, “It is the second...

Paul Midy is the Chief Executive Officer (CEO) of Jumia Travel, formally known as Juvago Travel. He was engaged in this interview with the Editor of Business247 News Online, Wole Tokede. Midy used the opportunity of the engagement to answer some specific questions on hospitality and tourism business as they...

A socio-political organisation, Bayelsa Integrated Farmers Union, has accused the Minister of State for Agriculture, Senator Heineken Lokpobiri, over alleged lack of support for farmers in the state. The group was reacting to a comment credited to the minister at the weekend when he called on Bayelsans to take to...

The increase seen in cement, flour and sugar product has been attributed to the high cost of production resulting from the naira devaluation and inflation. Industry stakeholders have said that most companies said they intend to increase product prices by 10 to 20 per cent to offset the impact of...

South Africa today marks the second anniversary when the guest house building of the church of Pastor TB Joshua’s Church, Synagogue of All Nations dramatically imploded; killing and trapping many congregants inside, majority of whom are South Africans. This happened on 12 September, 2014. A total of 116 people were...

Human Rights lawyer, Femi Falana, has advised President Muhammadu Buhari to reject the condition attached to the return of $321 million Abacha loot to Nigeria by the Swiss government. Falana, in a letter to Buhari, stated that the conditions provided by the Swiss government were a violation of international laws....

Ogun State Government and the New South Group management of the Ogun Guangdong Free Trade Zone, Ibesa , Ogun State have reaffirmed their commitment to providing adequate security and develop needed infrastructure in the zone. This was disclosed at the weekend by the new managers and operator of the zone,...

The movie, “93 Days,” which depicts the true account of how Nigeria faced its first case of the Ebola Virus and conquered it premiered at the Toronto International Film Festival (TIFF) on Friday, 9 September, 2016. The TIFF has built a reputation for only screening the best films from around...

Pan-African banking group, United Bank for Africa (UBA) Plc at the weekend carted home two very important laurels at the annual Businessday Banking Awards, winning the Best Bank in Sub-Saharan Africa and the Best Bank in support of Agriculture. The first award, the “Best Bank in sub-Saharan Africa award is...