Money

The long publicly held views about Africa’s potential are fast becoming monotonous. Of course, African markets, though represent a mixture of exciting investment and challenging growth opportunity for consumer products’ companies, may have been overdue for the achievement of the proverbial “food for the stomach” as opposed to food for thought. Granted, reports and analysts…

The evolving trends in the global financial system, particularly in payments system and technologies driving them, surely have predisposed financial institutions to several risk factors. There is also the case against best practices, which is closely associated with corporate governance- training and retraining, as well as promulgation of Acts to give legal backing. All over…

Standard Chartered Plc said it has restructured its business units, which it described as “simplification of its organisational structure”, aimed at improving accountability, speed up decision-making and reduce bureaucracy. The policy direction, according to the lender, would also play a key part in delivering the previously planned $1.8 billion cost savings initiative by the end…

Fidelity Bank Plc has grown its asset base by to N1.19 trillion from N1.18 trillion recorded at the end of the financial year ended December 2014. The growth, amid assessed challenging environment for the banking industry, also represented a 0.5 per cent increase, while the gross earnings, put at N71.9 billion, showed 13.6 per cent…

Shops for replacement as MD resigns Unity Bank Plc said the resignation of its Managing Director and Chief Executive Officer, Henry James Semenitari, may have opened up new opportunities for it to review and scale up its economic contributions to the country. According to the lender, it would now review its contributions in relation to…

The Central Bank of Nigeria (CBN), through its Monetary Policy Committee (MPC), last weekend, held all rates steady, in a decision that doused the tensed environment, which was stoked by anticipation of devaluation and rate hike in several quarters. Specifically, the Monetary Policy Rate (benchmark interest rate) was retained at 13 per cent with a…

MICROFINANCE Bank (MFB), as the name suggests, is banking at the grassroots and on a small scale- providing loans to co-operatives and individuals engaged in cottage industries, who cannot afford the high-level transactions of the normal bank. This is also at affordable rates. Besides, experts have consistently espoused that robust economic growth cannot be accomplished…

SKYE Bank Plc has restated its determination to meet the needs of its customers, as well as help them realize their business objectives and growth. The bank’s Executive Director, Corporate Services, Mrs. Abimbola Izu, gave the indication in Lagos,while explaining the rationale behind the new television and radio advertising, currently running. The new campaign titled:…

THE Fidelity Bank Helping Hands Programme (FHHP) has been identified as a veritable tool to reducing the growing inequality in the society. Sokoto State Governor, Rt. Hon. Aminu Waziri Tambuwal, who made the observation, while commissioning the state’s Orphanage Home, renovated by staffers of the lender, commended the initiative. Speaking at the occasion, the Governor…

The Euromoney Awards for Excellence covers more than 20 global product categories, best-in-class awards and the best banks in over 100 countries around the world by recognizing institutions that have demonstrated leadership, innovation, and momentum in the markets they operate.

THE Committee of E-Banking Industry Heads (CeBIH) has called on bank customers to take advantage of the deadline’s extension to enroll for the Biometric Verification Number (BVN) and avoid another last minute rush.

The sponsors and creditors of the Aba Integrated Power Project (Aba IPP) and Afrigem Integrated Utilities Limited have signed the transaction implementation agreement for additional equity investment and total capital restructuring of the scheme, preparatory to the commissioning of the plant in November.