Dangote advocates made in Nigeria products to substitute for imported goods
Foremost industrialist, Aliko Dangote, has identified Nigeria’s large domestic market as an incentive to import substitution and diversification of the domestic economy. Dangote, speaking in Abuja at...
View ArticleCOVID-19: CBN orders banks to readjust loan terms and tenors
…Cuts interest rate from 9% to 5% PAULETTE ORJIME, Abuja As the impact of the Coronavirus pandemic continues to ravage world economy, Central Bank of Nigeria (CBN) has directed all deposit money banks...
View ArticleZenith Bank splashes N87.9bn dividend on shareholders
Shareholders of Zenith Bank Plc, on Monday, at the 29th Annual General Meeting of the Bank held at the Shehu Musa Yar’Adua Centre, Abuja unanimously approved the proposed final dividend of N2.50 per...
View ArticleCOVID-19: Ecobank launches “StaySafeNigeria” media campaign
COMFORT EKELEME Ecobank Nigeria has launched a ‘StaySafeNigeria’ media campaign being part of its corporate actions to support measures to check the rising spread of Coronavirus in Nigeria. The...
View ArticleFive largest banks declare $26.1bn revenue
Trade tensions, slow growth, and low-interest rates all left their mark on the world’s largest banks last year, affecting the investment banking revenue they racked up. The five largest global banks...
View ArticleCOVID-19: CBN grants two-week market holidays to BDCs
…ABCON advises forex users to shun street traders COMFORT EKELEME The Central Bank of Nigeria (CBN) has granted a two week market holidays to the Bureaux De Change (BDCs) operators. This followed a...
View ArticleSterling Bank reports 15% growth in net profit
COMFORT EKELEME Sterling Bank Plc has reported an audited Profit After Tax (PAT) of N10. 6 billion on gross earnings of N150.2 billion for the year ended December 31, 2019, compared to a net profit...
View ArticleCoronavirus: Business unusual in an evolving socio-economy
By Bekeme Masade-Olowola Given the globally evolving critical health situation over the past couple of months which has been described as a pandemic by the World Health Organisation (WHO), it has...
View ArticleCovid-19: Union Bank launches toll-free customer service line
COMFORT EKELEME As part of proactive efforts to ease banking worries during the ongoing Coronavirus outbreak in Nigeria, Union Bank, has introduced a 24-hour toll-free Customer Service Line – 0800 700...
View ArticleCOVID 19: Firstbank donates N1bn, reiterates commitment to safety of Nigerians
COMFORT EKELEME FirstBank has announced its donation of the sum of N1billon towards the joint effort by the Nigerian Private Sector Coalition Against COVID-19 (CACOVID) to rapidly expand the health...
View ArticleKeystone Bank Pledges N1BN to Strengthen Fight Against Coronavirus
As part of a robust effort to combat the deadly coronavirus outbreak in Nigeria, the management of Keystone Bank today announced the donation of N1 billion for the purchase of relief materials,...
View ArticleMike Adenuga Foundation donates N1.5b to COVID-19 funds
Mike Adenuga Foundation (MAF), established by billionaire, Dr Mike Adenuga Jr., yesterday donated N1.5 billion to Federal and Lagos State governments to support Nigeria’s fight against the global...
View ArticleUnion Bank ramps up support for the fight against COVID-19
COMFORT EKELEME As part of its multi-pronged approach to tackle the spread of Coronavirus in Nigeria, Union Bank Tuesday announced additional donations totalling N300million. As part of the Private...
View ArticleAccess Bank leads fight against COVID-19
COMFORT EKELEME Access Bank Plc, has said that it is at the forefront of the interventions deployed to fight the COVID-19 pandemic by big players in the private sector. The Bank said it played a major...
View ArticleCOVID-19: CIBN donates 20m to Lagos State
COMFORT EKELEME The Chartered Institute of Bankers of Nigeria (CIBN) has made a donation of N20 million to the Lagos state government to support its efforts in containing the spread corona virus...
View ArticleBanks restore hope on reduction of non performing loans
National Bureau of Statistics has said that banking industry witnessed a significant 41 per cent drop in non-performing loans (NPLs) last year. According to the NBS’s Selected Banking Sector Data for...
View ArticleCOVID19: CBN warns against activities of cyber criminals
The Central Bank of Nigeria (CBN) has cautioned Nigerians on activities of cyber criminals taking advantage of the current COVID-19 pandemic to defraud citizens. CBN gave the warning Monday in a...
View ArticleIron Capital partners Australian govt on Africa businesses
Iron Capital, an Africa-focused corporate finance and financial advisory firm, is partnering with the Australian Government, through its Australian Trade Commission (Austrade). The new partnership...
View ArticleMAN applaud NGF response on the manufacturing sector
COMFORT EKELEME The Manufacturers Association of Nigeria (MAN) has appealed to the Nigerian Governors’ Forum (NGF) to give the necessary directives for adequate sensitization of officers who are...
View ArticleCOVID-19: Access Bank launches AccessMore mobile app
COMFORT EKELEME As part of its effort to ensure its customers have easy access to their funds and can carry out seamless transactions during these uncertain times, Access Bank Plc has launched a...
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