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Business

June, 2014

  • 6 June

    DANGOTE Denies Instigating Standard Organisation Of Nigeria [SON]

    dangote cement

    The management of Dangote Cement has clarified its stand on the new cement standard as stipulated by the Standards Organisation of Nigeria (SON), saying its position is purely motivated by the need to preserve the lives and property of Nigerians. The company said it supported the new cement quality standard out of the conviction that it could help in stemming ...

  • 6 June

    Frequent Frauds At Fidelity Bank Scare Away Customers

    nnamdi okonkwo

    The financial institution led by Nnamdi Okonkwo has struggled to wriggle itself out of several fraud crises. Few weeks back, the bank was at the Abuja High Court with African Independent Television (AIT) over a N7 billion debt. Before the AIT issue, the bank has been in crisis with its middle management staff over imbalance in profit sharing where middle ...

  • 6 June

    New CBN Gov Stops All Charges On All Bank Deposit!

    Godwin-Emefiele

    The new Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, has scrapped charges on cash deposits, just as he promised a gradual reduction in the interest rates on lending. He said a zero charge on deposits would encourage investment attitudes among the savers, while a reduction in the lending rates would make credit cheaper for potential investors. Emefiele, ...

May, 2014

  • 27 May

    Access Bank Customers In Pains Over Fraudulent Practices….Few Frauds Enlisted..Wigwe’s link

    herbert wigwe

    a Claims by Access Bank that they are one of Nigeria most trusted banks is a fake; an ongoing investigation by Transparency For Nigeria has revealed that beyond such adverts being displayed lies a battle currently on, between them and their ex employees. Impeccable sources who spoke to our reporters detailed how the merger between Access Bank and the defunct ...

  • 25 May

    The Obi of Onitsha, Igwe Nnaemeka Achebe’s 73rd Birthday

      L –R: Executive Director, Diamond Bank PLC, Mr. Victor Ezenwoko; Company Secretary and Legal Adviser, Diamond Bank PLC, Ms Nkechi Nwosu; Chairman, Diamond Bank PLC, Obi of Onitsha and the Celebrant, HRM Nnaemeka Achebe; wife of the celebrant Igwenwanyi Achebe; Deputy Managing Director, Diamond Bank PLC, Mrs. Caroline Anyanwu; wife of the GMD/CEO, Diamond Bank PLC, Mrs. Priscilla Otti; and non-Executive Director, ...

  • 16 May

    Dangote Tackles Incessant Building Collapse With Training For Block Moulders

    dangote cement

    Dangote Cement Plc said on Wednesday the company was training quality block makers to stem incidents of building collapse. The Regional Manager, Marketing Services, Mr Johnson Olaniyi, stated in Lagos that training quality block makers was the right way to get the right result. “We have now discovered that majority of the so-called block moulders are just sand mixers because they ...

  • 16 May

    Diamond Bank GMD Assures Shareholders “$200m Eurobond”ll Make Us Better

    Alex-Otti-MD-Diamond-Bank

    Diamond Bank Plc is seeking to raise between $200 million to $250 million following its debut Eurobond issue due to be priced today. The bank’s Chief Finance Officer, Abdulrahman Yinusa, stated this yesterday in a chat with Reuters. Shareholders of Diamond Bank had last month endorsed the plan by the bank to raise $500 million additional capital in its quest ...

  • 15 May

    Access Bank’s Aig-Imoukhuede’s NSE Presidency’ll Spell Doom, Experts Predict With 5 Reasons

    aig_imokhuede_gmd_access_bank

    Still leaking his wounds over lost of CBN top job to an “underdog”(Emefiole), Aig-Imokhuede  first Vice President of NSE is excited over Nigeria Stock Exchange, Presidency which is on the way for him as Aliko Dangote step down. Aig, we learnt is however worried over his past and sentiments that are mounting over his not being capable to sail NSE ...

  • 14 May

    Are You On Facebook? Open Your FCMB Bank Account From Your Bedroom

    GMD/CEO of FCMB, Mr. Ladi Balogun

    New customers of leading financial institution, First City Monument Bank (FCMB) are now opening savings accounts with ease in the comfort of their homes, offices, or on the go via their computers or mobile devices following the recent introduction of the bank’s online account opening platform. The launch of the platform coincides with the introduction of a new product called, ‘the       ...

  • 14 May

    “It Is A Great Privilege To Take On The Role Of Acting MD/CEO For The Bank of Industry” Waheed Olagunju

    Mr Waheed Olagunju

    Mr. Waheed Olagunju the former Executive Director, Business Development is now acting as the Managing Director/Chief Executive Officer. Mr  Olagunju’s appointment follows the expiration of Ms Evelyn Oputu’s eight-year tenure as BOI’s Managing Director and Chief Executive Officer.  Among other post he held in the Bank, included as the Company Secretary for nearly 16 years and was General Manager, Strategic Planning and ...