The regulatory action taken by the Nigerian Communications Commission (NCC) to facilitate the listing of MTN Nigeria on the country’s stock exchange market has continued to bring economic gains to Nigeria and Nigerians in terms of boosting market capitalisation and yielding dividends to shareholders, the Executive Vice Chairman (EVC) of the Commission, Prof. Umar Danbatta, […]
Read MoreAfrican countries must adopt a continent wide approach to business and also focus on wealth creation to be relevant in the global value chain. The Chief Executive Officer, Ecobank Transnational Incorporated (ETI), Mr. Ade Ayeyemi who made the call in a keynote address at the Ecobank virtual Regional Trade Conference 2020, said that for the […]
Read MoreThe future of Nigerian banking would continue to be shaped by innovations and technology disruptions, and only financial institutions that are amenable to such transformation will remain relevant in the sector. The Managing Director, Ecobank Nigeria, Patrick Akinwuntan who that observation at the 13th Annual Banking and Finance Conference reiterated that there was no way […]
Read MoreThe BUA Group has donated an additional sum of N350 million to the Central Bank of Nigeria (CBN)-led private sector Coalition against on Covid-19 (CACOVID), bringing to N1.35 billion, its total donation to group. In another development, BUA also announced the donation of N100 million to the Kebbi State Government to support victims of the […]
Read MoreAfrican Export-Import Bank (Afreximbank), has disbursed $200 million to Nigeria’s Zenith Bank Plc under its Pandemic Trade Impact Mitigation Facility (PATIMFA). According to Afreximbank, the funds would enable Zenith Bank to maintain foreign currency trade flows impacted by the COVID-19 pandemic, and be able to on-lend to eligible sub-borrowers involved in the manufacturing and supply […]
Read MoreSterling Bank Plc has announced that its annual Agriculture Summit Africa (ASA) will hold from September 23rd to 24th, 2020, with the theme “Fast Forward Agriculture: Exploiting the Next Revolution.” The statement by the bank also announced Mastercard Foundation, Africa Development Bank (AfDB) and IDH – the sustainable trade initiative as headline sponsors for the […]
Read MoreCoronation Merchant Bank has launched a mobile banking application. The app provides customers with easy access to their accounts as well as the ability to perform transactions seamlessly, without the need for in-person banking. The Bank in a statement announcing the launch of the App said that in spite of the coronavirus, it has been […]
Read MoreAfrican leaders on Tuesday reaffirmed their support for the African Development Bank Group and its leadership under Dr. Akinwumi Adesina as he begins his second five-year term with a renewed mandate to foster sustainable development on the continent. In goodwill messages to mark Adesina’s inauguration, Presidents Muhammadu Buhari of Nigeria, Paul Kagame of Rwanda, Alpha […]
Read MorePolaris Bank has launched an account called ‘Polaris Target Savings Account’ to boost healthy savings culture and build a strong financial base. The Group Head, Products and Market Development, Mrs Adebimpe Ihekuna, said this in a statement entitled ‘Polaris Bank introduces target savings account’ on Saturday. Ihekuna said, “The savings culture is gradually going into […]
Read MoreThe former Director General of the Securities and Exchange Commission (SEC), Ms. Arunma Oteh, has been appointed by the Board of Directors of Seplat Petroleum Development Company Plc as Independent Non-Executive Directors of the Company. Also joining the company with effect from from October 1, 2020 is Mr. Xavier Rolet. Oteh is a seasoned C-suite […]
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