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Business

September, 2014

  • 25 September

    Pixs From First City Monument Bank (FCMB) Limited 30th Anniversary Promo Reloaded

     1.                                                                                                                    2.   ...

  • 16 September

    Access Bank MD Wigwe’s Tenure Rated Low, As Bank Gets NSE Suspension

    herbert wigwe

    Not a few shareholders of Access Bank are poise for showdown at the next shareholders meeting slated for October 13, 2014 over the dwindling fortune of Access Bank since the current MD took over the mantle of leadership. Aside high rate of Staff corruption, payment of fines to CBN are grounds for their grouse. Just yesterday, Access Bank has been ...

  • 9 September

    The Authentic Story Of Ecobank’s $20m Credit Loan From Brazillian Bank

    Jibril Aku, ecobank md

    Ecobank Nigeria says it has signed a $20m credit deal with Brazilian Development Bank. The facility will address special funding needs of customers and non-customers of Ecobank that import goods from Brazil, according to a statement by the lender. The Brazilian bank, also known as National Bank for Economic and Social Development, is one of the largest development banks in ...

  • 9 September

    By 2017 Dangote Will Expand To 13 Africa Countries

    aliko dangote

    Dangote Cement Plc has disclosed that it is planning massive expansion into sub-Saharan Africa markets. The disclosure was made by the Group Managing Director/Chief Executive Officer, Devakumar Edwin, while presenting the company’s “Facts Behind the Figures” before the capital market community last week in Lagos. Edwin hinted that more than $5 billion has been committed for expansion between 2012 and ...

  • 9 September

    Skye Bank Rated High By Global Agency

    Leading global rating agency, Standard and Poor’s (S&P), has assigned (B/stable/B) to Skye Bank Plc in its current rating released in August 2014. S&P said it based its rating of the bank on Nigeria’s positive economic prospects which will support Skye Bank’s earnings growth, capitalisation and asset quality over the next 12-18 months. The agency rationalised Skye Bank’s stable rating ...

  • 3 September

    “I have Not Declared Governorship Ambition” —- Diamond Bank GMD

    Alex-Otti-MD-Diamond-Bank

    After series of speculations about his political ambition, Dr. Alex Otti, Group Managing Director/CEO, Diamond Bank Plc, says that there is no iota of truth in the stories being peddled by some politicians who are claiming that he has made public his intention to contest for Abia governorship seat in 2015. Denying the allegations that he has declared interest in the governorship ...

  • 3 September

    EcoBank Excites Customers With N10m Promo … Donate $50,000 To Fight Ebola

    Jibril Aku, ecobank md

    Ecobank Nigeria says it is committed to boosting the Central Bank of Nigeria’s financial inclusion programme. As a result, the bank said it had allotted over N10m cash prizes for prospective winners in its new deposit promo titled “Giant prize give away” According to a statement by the bank, the promo will run from September to February next year and ...

August, 2014

  • 28 August

    Diamond Bank Rights Issue: Owerri Shareholders Demand For More Shares, Extension of Closing Date

    DIAMOND BANK OWERRI

    Shareholders in Owerri, Imo State, have requested to be allowed to buy more than their allotted share in the ongoing Diamond Bank Rights Issue meant to raise N50.37 billion for strategic growth projects. They also want the closing date for the issue extended to enable them take up fully their shares. The call was made during the Shareholders’ Forum organized by ...

July, 2014

  • 16 July

    UBA Hailed By Experts Over CBN Cashlite Policy ….. Her 5 Notable Products

    The Central Bank of Nigeria (CBN) recently announced the take off of the Cash-Lite policy nationwide starting July 1st, 2014. Under this new policy, cash withdrawals and deposits above N500, 000 will attract a 3% fee for individuals while cash withdrawals and deposits above N3, 000,000 on any day will attract a 5% fee for corporate bodies. However, these fees ...

  • 14 July

    Panic As Boko Haram Hits Lagos, Responsible For Apapa Explosion

    Raji-Fashola

    LEADER of the violent Islamic sect, Boko Haram, Abubakar Shekau, has claimed responsibility for two explosions on June 25 at a fuel depot in Apapa, Lagos. Shekau, according to Agence-France Presse reports, made the claim in a new video sent to the French news agency. Also, the Lagos State Council of Arewa Chiefs on Saturday confirmed that the June 25 blasts at ...