FirstBank to maintain focus on retail banking, consumer financing
FirstBank said its continued focus on retail banking and consumer financing will drive its future and growth expansion strategy. It also plans gradually shifting towards a high yield diversified portfolio...
Expert proffers solution to FMCG sector’s challenges
Worried by the challenges facing fast moving consumer goods (FMCG) companies in Nigeria, manufacturers have been urged to adapt to the changing environment of the economy and develop strategies to overhaul the difficulties.
American firm opens discussion on Nigeria-Sao Tome oil blocks
ERHC Energy Inc., a publicly traded American company with oil and gas assets in Sub-Saharan Africa, is in discussions with the Nigeria-Sao Tome & Principe Joint Development Authority (JDA), regarding the terms of a new Production Sharing Contract.....
LCCI tasks new members on social impact, professionalism
The Lagos Chamber of Commerce and Industry (LCCI) has urged businesses to adopt high ethical standards to achieve profitability and a long-term presence in the global business world.
Stanbic IBTC posts N161.1b PAT in Q1
Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has posted Profit After Tax (PAT) of N16.1 billion in its first quarter operations, against N7.8 billion achieved in the corresponding period in 2016.
AMCON promises to ensure success of asset management programme
The Asset Management Corporation of Nigeria (AMCON), has called on the Asset Management Partners (AMPs), to take their assignments seriously, as those that performed creditably well stand the chance of having their portfolio increased in the second batch.
NIPCO explains improved performance in 2016
The Group Managing Director (GMD), NIPCO Plc, Venkataraman Venkatapathy, has attributed the improved performance of the company in the 2016 financial year to increased sales drive, effective management of resources and adjustment of business model to the changing market variables.
‘$72m yearly potential earnings from shea nuts production untapped’
The National Shea Producers Association of Nigeria (NASPAN) has stated that converting about 100,000 metric tonnes of shea nuts to produce 48,000 metric tonnes of shea butter for export can generate more than $72 million for the Nigerian economy.
Ettah hails NBCC for business advocacy, trade promotion
The Group Managing Director/CEO of UACN Plc, Larry Ettah has extolled the Nigerian-British Chamber Of Commerce (NBCC) for advocating sensible policy reforms, promoting trade and investment with the United Kingdom and helping to advance commerce in Nigeria.
BoI, RUFIN seal pact on soft loans for 100,000 new small businesses
Already, the first phase of the loan disbursements is ongoing across Katsina, Nassarawa, Zamfara, Edo, Oyo and Lagos States, driven by RUFIN-mentored microfinance banks (MFBs) and microfinance institutions (MFIs)
Lagos to train workers with N1.25 billion to buoy local capacity
This was revealed at the 2017 1st Bi-annual Lagos State Public Service Joint Negotiating Council, JNC, conference held at the Public Service Staff Development Centre, PSSDC, Magodo area of Lagos.
Some important clarifications about the Economic Partnership Agreement and EU trade policy
If Nigeria should sign, and then ratify the EPA, is clearly a matter for the Nigerian government and citizens to decide. However, to take such an important decision, Nigerian stakeholders deserve to be correctly informed first.