AdminOct 18, 20162 min readIt is difficult managing an economy in recession – CBN Governor, EmefieleThe Governor, Central Bank of Nigeria, Godwin Emefiele, has admitted that managing the nation’s economy at this moment is very difficult....
AdminOct 17, 20162 min readDangote acquires Gas processing company in the NetherlandsAs part of its strategy to meet Nigeria’s gas requirements, Dangote Industries Limited (DIL) has recently completed the acquisition of...
AdminOct 13, 20162 min readWema Bank releases N221m to Lagos Judiciary for new archive and probate registryWema Bank Plc. has supported the Lagos State Government and the Justice Research Institute Ltd. with N20 million to deliver a...
AdminOct 13, 20161 min readNo Nigerian Bank is undercapitalised – CBNThe Central Bank of Nigeria (CBN) has said that there is no truth in a report that seven Nigerian banks are undercapitalised. The...
AdminOct 13, 20161 min readCBN suspends all commercial Banks except First Bank from selling dollar proceedsNigeria’s apex bank, Central Bank of Nigeria, CBN, has suspended all the banks in the country from selling dollar proceeds of...
AdminOct 12, 20162 min readSenate seeks merger of Bank of Industry, other Development Banks over non-performanceThe Senate on Wednesday sought for the merger of the Bank of Industry (BoI) and other development banks that have been moribund for quite...
AdminOct 12, 20162 min readUBA grows profit to N62billion in nine monthsLeveraging its expansive footprint, pan-African banking group, United Bank for Africa Plc (“UBA” or “the Bank”), announced its unaudited...
AdminOct 11, 20162 min readEuropean Investment Bank, UBA agree record €60m new private sector investment programmeThe European Investment Bank and United Bank for Africa (UBA) have agreed a new EUR 60 million lending programme to support private...
AdminOct 10, 20162 min readWema Bank celebrates its customersThe bank kicked off the celebration at one of its newly remodeled branches at Admiralty Road, Lekki, Lagos where the Managing Director,...
AdminOct 10, 20163 min readFG, World Bank, others reach agreement for Nigeria’s Development BankThe Minister of Finance, Kemi Adeosun, with the Governor of Central Bank of Nigeria (CBN), made the fact known at a joint press briefing...
AdminOct 7, 20161 min readTravelex sells dollar to travelers at N356According to the News Agency of Nigeria (NAN) the firm’s office inside the Murtala Muhammed International Airport, Lagos terminal was...
AdminOct 7, 20162 min readRecession: IMF asks Nigeria, others to take interest-free loansThe Managing Director, IMF, Christine Largade, said this on Thursday in Washington DC, United States, at the ongoing annual meetings of...
AdminSep 28, 20161 min readMTN: Standard Chartered Bank reacts to alleged involvement in repatriation of fundsRecall that Nigeria Senate on Tuesday directed its Committee on Banking, Insurance and Other Financial Institutions to investigate the...
AdminSep 27, 20162 min readSamsung complies with CPC’s directive on recall of Galaxy Note 7 devicesDAILY POST recalls that the council had given the company a seven-day ultimatum for it to provide information on the full status of its...
AdminSep 26, 20161 min readWema Bank partners with Bank of Uganda on performance managementSpeaking on the BoU’s decision to take a cue from Wema Bank’s Performance Management System, Mrs Agnes Kamya Kijjambu, who led the...
AdminSep 22, 20162 min readSage Africa says proposed Communication Tax may raise cost of doing businessSpeaking last month at a function organized by the Lagos Chambers of Commerce and Industry, LCCI, the Minister of Communication, Bayo...
AdminSep 21, 20161 min readWhat hinders long term loans by banks – Nnamdi Okonkwo, Fidelity Bank MDFidelity Bank MD, Nnamdi Okonkwo Banks deposits are mainly short-term in nature and lending funds to customers for long-term can lead to...
AdminSep 19, 20162 min readNigeria will come out of recession before December – CBN Governor, EmefieleEmefiele Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, has expressed optimisms that Nigeria will come out of the current...
AdminSep 18, 20162 min readRecall of Samsung Galaxy Note 7: CPC gives 7 day ultimatum for status reportFollowing reports of explosion of dozens of Samsung Galaxy Note 7 while charging, the Consumer Protection Council (CPC) has issued a...
AdminSep 17, 20161 min readNOA, CBN to sensitize Nigerians over abuse of NairaThe NOA Director in Sokoto, Alhaji Abubakar Danchadi, made the disclosure in an interview with the News Agency of Nigeria (NAN) in Sokoto...
