Business

Anya Duroha

NOVA Merchant Bank post ₦1.15 bln profit after tax

NOVA Merchant Bank Limited has declared a profit after tax of ₦1.15 billion for the year ended 31st of December 2018, a significant increase from ₦510.6 million achieved in 2017, marking a 125% increase. The result is achieved as it begins to reap the benefits of its investments in its operations, technology and people. The […]

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Nestlé: more women in the workplace make business sense

In the Central and West Africa Region (CWAR), Nestlé aims to bring the Gender Balance Acceleration Plan to life through its multi-pronged initiatives ACCRA, Ghana, March 8, 2019/ — Nestlé (www.Nestle.com) has launched an ambitious Gender Balance Acceleration Plan ‘From Aspiration to Action’ (https://bit.ly/2UmlZ57) as part of its activities to highlight International Women’s Day 2019. […]

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Abuja Airport

Nigerian Airports recorded 41,745 flight delays in 2018

Nigerian airports recorded 36,350 domestic and 5,395 international flight delays in 2018. This was disclosed by the Nigerian Civil Aviation Authority (NCAA) in its executive summary published on its website. The records showed that two leading domestic airlines – Air Peace and Arik Air – topped the list of domestic flight delay. In 2018, Air […]

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GTBank

GTBank profit before tax for 2018 hits ₦215.6 bln

Guaranty Trust Bank Plc on Wednesday announced its audited results for the financial year ended Dec. 31, 2018 on the Nigerian and London Stock Exchanges. Land Use Charge: Mr. Gbenga Adeyinka, popular Nigerian comedian and Lagos property owner (right) being presented with his Land Use Charge receipt by the Branch Manager, Guaranty Trust Bank (GTB), […]

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Anthony Ayine Agf

Anthony Ayine appointed to AU board of external auditors

Nigeria’s Auditor-General for the Federation, Mr. Anthony M. Ayine, has been appointed a member of the African Union Board of External Auditors. In a letter conveying the appointment that was addressed to Ayine, the Deputy Chairperson of the African Union Commission, Honourable Kwesi Quartey stated: “I have the honour to inform you that the Republic […]

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Boi Appoints Omar Shekarau As Executive Director, Sme

BoI appoints Omar Shekarau as Executive Director, SME

The Bank of Industry has announced the appointment of Mr Omar Shekarau as the Executive Director, Small and Medium Enterprises (SME). This followed the retirement of Dr. Waheed Olagunju from the bank. Shekarau, a graduate of ABU, Zaria, until his appointment, was the General Manager, SME North and later General Manager, Large Enterprises. He is […]

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Accounting watchdog probes KPMG over Conviviality audit...

Winners emerge in KPMG scholarship awards

Twelve tertiary institution indigent undergraduates have emerged winners of the 2018 KPMG scholarship awards held in Lagos recently. The students, Omoyibo Innocent, Emughedi Goodness, Taiwo Raymond, Adewoyin Sodiq, Okechukwu Providence, Augustine Adikwu, Adams Paul, Adeyemo Richard, Akinseinde Hammed, Tofio Faith, and Nwachukwu Samuel, emerged out of a total of 264 others, to win over N8,590,006 […]

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stanbic ibtc bank

Stanbic IBTC subsidiaries receives ISO 9001: 2015 Certifications

Three Stanbic IBTC subsidiaries namely – Stanbic IBTC Pensions, Stanbic Asset Management Limited and Stanbic IBTC Trustees Limited, have received the ISO 9001:2015 certifications, the latest in the series of global quality management system. The Lead Auditor, DQS Management Nigeria Limited, a leading global certification body for quality management systems and organisational health, Mr. Lawrence […]

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A view of the Diamond Bank is seen along the Lekki-Epe Expressway in Lekki, Lagos, Nigeria September 12, 2017.

Diamond Bank launches PayDay loan

As part of its merger benefits to customers, Diamond Bank has introduced PayDay Loan to ease the financial burden of customers. PayDay Loan is an instant salary advance service available to all customers who have their salary accounts in Diamond Bank. This is service quick, convenient and does not require any paperwork, collateral or guarantor. […]

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A view of the Diamond Bank is seen along the Lekki-Epe Expressway in Lekki, Lagos, Nigeria September 12, 2017.

Shareholders approve Access, Diamond Banks merger, slated for April 1

Access Bank Plc and Diamond Bank Plc are expected to start operating as a single entity from April 1, 2019. This, would be under a new enlarged Access Bank brand. The Managing Director of Access Bank, Herbert Wigwe and his Diamond Bank counterpart, Uzoma Dozie, disclosed this in a joint statement to customers obtained yesterday. […]

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Privatise Nigeria’s Oil Industry? Easier Said Than Done

Oil drops as China cuts economic growth target

Oil prices fell on Tuesday as China cut its 2019 economic growth target, dimming the outlook for fuel demand, although OPEC-led efforts to cut output still offered some support. U.S. West Texas Intermediate (WTI) crude oil futures were at 56.31 dollars per barrel at 0740 GMT, down 28 cents, or 0.5 per cent, from their […]

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Godwin Emefiele

‘Buhari don’t have the power to sack Emefiele, reports are fake’

President Muhammadu Buhari has not sacked Governor of Central Bank of Nigeria, CBN, Godwin Emefiele, according to online portal, TheCable. Reports had trended on social media that Emefiele reportedly received a letter from the Office of President Muhammadu Buhari, yesterday, to vacate his office. But a source within the Presidency, who said there was no […]

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