Bank’s
16 Oct 2023
Experts have stressed the need for banks to accelerate investment in technology and step up innovations to enhance cost efficiency. The experts spoke at the official launch of Proshare Impact Report on Nigeria’s banking sector titled: ‘Reassessing Tier 1 Banks – the Class of 2023,’ in Lagos at the weekend. They maintained that for banks…
16 Oct 2023
Telecommunications operators have not foreclosed legal action in compelling Deposit Money Banks (DMBs) to pay the lingering N120 billion Unstructured Supplementary Service Data (USSD) debt owed them. The impasse, which has lasted for about four years, is brewing a rift between the telecoms sector and financial industry. Speaking with journalists in Lagos at the weekend,…
10 Oct 2023
• Sterling Bank, UBA, Accesscorp gain 150%, 126%, 93% respectively • Operators see robust final dividend payout in full year The Nigerian Exchange Limited (NGX) banking index appreciated by 61.9 per cent in nine months (Year-To -Date), surpassing the overall All-share index that measures the performance of listed firms, data from the exchange has revealed.…
19 Jul 2023
Rising cases of cybercrime in the banking industry is becoming a big headache to bankers, customers and law enforcement agencies in the country. With so many people highly skilled in hacking techniques desperate for quick wealth, cybercrime may soon be the biggest danger to banks and their customers. As we all know, cybercrime is a criminal activity that either targets or uses a computer or a computer network.
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16 mins ago
The Federal Competition and Consumer Protection Commission (FCCPC) has said the recent price increases in MultiChoice cable subscriptions will be looked into by relevant stakeholders. Acting CEO of FCCPC, Adamu Abdullahi, disclosed to Channels Television on its Dateline Abuja programme on Thursday. According to Abdullahi, the review of the recent price hike is to ensure…
19 mins ago
The Lagos State Government has refuted claims that Governor Babajide Sanwo-Olu announced an increment in the minimum wage to N70,000. Lagos State Commissioner for Information, Gbenga Omotoso, disclosed this in a statement on Thursday. Omotoso said the confusion arose following an event at the Governor's Office on Wednesday, where Sanwo-Olu unveiled "Eko Cares," a program…
27 mins ago
In the ever-evolving landscape of manufacturing, the pursuit of efficiency and productivity reigns supreme. As industries strive to optimize operations and minimize waste, the integration of Manufacturing Execution Systems (MES) with Lean Manufacturing principles has emerged as a powerful strategy. This synergy between technology and philosophy holds the key to unlocking unprecedented levels of efficiency,…
43 mins ago
Stefano Pioli, the coach of AC Milan, has faced criticism from respected Italian pundit Fabrizio Ponciroli over his handling of Nigerian winger Samuel Chukwueze. After an impressive 2022-2023 season at Villarreal, Chukwueze was signed by the Rossoneri last summer for a fee that could rise to 28 million euros with bonuses. However, his integration into…
1 hour ago
Amidst the challenging business space in Africa, Brand and Marketing Expert, Charity Ilevbare-Adeniji has proved to be a beacon of innovation and success, pioneering transformative strategies that drive profitability and sustainability across industries. With over a decade of experience, Ilevbare-Adeniji has established herself as a seasoned expert who is reshaping conventional approaches to marketing and…
1 hour ago
TETFund Denies Corruption Claims, Moves To Sanitise Tertiary Education Sector Executive Secretary of Tertiary Education Trust Fund, Mr Sonny Echono, has said that claims in some quarters that the agency was a cesspool of corruption were totally untrue. Reacting to allegations of a multi-billion naira contract fund misappropriation in an interview on Thursday, Echono stated…
1 hour ago
The Nigerian National Petroleum Company Limited (NNPC Ltd) said it has resolved the cause of tightness that was experienced in the supply of fuel. NNPC disclosed this on Friday evening in a statement signed by spokesman, Olufemi Soneye in Abuja. "The Nigerian National Petroleum Company Limited (NNPC Ltd.) wishes to clarify that the tightness in…
1 hour ago
Taylor Swift's latest album, "The Tortured Poets Department" sets Guinness World Record while also breaking Spotify records since its release on April 19, 2024. “The tortured poets department” breaks a Guinness World Record with over 313.7 million filtered streams in just 24 hours. Swift claims titles for the most day-one streams of an album and…
2 hours ago
Agboola Ajayi, a former deputy governor to the late former Governor Oluwarotimi Akeredolu, has clinched the ticket of the People's Democratic Party (PDP) after emerging as the winner of the party's primaries on Thursday. Ajayi, who will be flying the flag of the party during the November 16 governorship poll, was declared the winner after…
2 hours ago
The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has lamented the existence of criminal centres in the country, which he called “419 training schools,” where primary school students are recruited and prepared for illicit activities. He made the statement while addressing newsmen on the steps the commission was taking to stamp…