Access Bank excites customers and shareholders with a N64 billion rights issue The lingering demand for upgrade of its branch network by its customers may soon be over. The customers’ hope was rekindled by the management of Access Bank last week when they were informed that the bank would soon embark on massive branch network…
Living on Sports Betting
Undaunted by religious concerns and social rejection, patrons and agents of sports betting organisations are raking in proceeds through winnings and commissions. Excitement reflected in his voice as he recounted what he has earned so far. For Kunle Matthew, a resident of Ibadan, who is fondly called Mr Predict by his friends, the English…
Glo Partners SMEDAN in Supporting SMEs
Globacom has concluded plans to provide financial grants to Small and Medium Enterprises, SMEs, in the country in collaboration with the Small and Medium Enterprises Development Agency of Nigeria, SMEDAN, Kamaldeen Shonibare, the company’s Head of Corporate Sales, stated in Lagos, at a meeting with chairmen and secretaries of Business Member Organisations and Cluster Development…
NSE Uncovers 68 Cases of Market Infractions
In line with its zero-tolerance for market infractions, the Nigerian Stock Exchange, NSE, has imposed sanctions against seven dealing member-firms for unauthorised sale of clients’ shares. The exchange’s disciplinary committee for 2013, chaired by Chike Nwanze, announced that the sanctions range from fines to suspension on the operators and other market participants. In respect of…
FTN Cocoa Processors Posts N252.1m Loss
FTN Cocoa Processors Plc. has announced a loss before tax of N252.1 million in its half-year period ended June 30, 2014. The statement, which the company filed with the Nigerian Stock Exchange, NSE, showed that the figure was 2.9 per cent lower than the N259.7 million loss before tax it declared in the same period…
FG, ODUACCIMA Collaborate on Regional Trade Fair
Asiwaju Olaitan Alabi, the chairman 2014 Odua International Trade Fair Planning Committee, has revealed that the Federal Government would be collaborating with Odua Chamber of Commerce, Industries, Mines and Agriculture, ODUACCIMA, for a regional international trade fair, which is expected to attract over 5,000 exhibitors and participants. Alabi made this known at a press conference held at the MKO…
AMCON Takes Over MMA 2, Old Federal Secretariat, Others
As management of Bi-Courtney group of companies is unable to pay a N50 billion debt it owed the Asset Management Corporation of Nigeria, AMCON, a Federal High Court in Lagos has ordered Wale Babalakin, a Senior Advocate of Nigeria, SAN, and owner of Bi-Courtney, to hand over the company’s concessionary powers to the asset managers…
QNB Acquires Stakes in Ecobank
Qatar National Bank, QNB, in support of its 2017 international expansion and growth ambition has acquired 12.5 percent stake in Ecobank Transnational Incorporated. This was contained in a statement issued by the bank in Doha, Qatar on September 4, which stated, “QNB, One of the World’s Strongest Banks has announced the acquisition of a 12.5%stake,…
FIRS Launches New Tax Revenue Plan
The Federal Inland Revenue Service, FIRS, on Tuesday, released fresh initiatives to improve the current level of non-oil tax revenue collection in the country. Kabir Mashi, the group’s acting Executive Chairman said the move is part of efforts to improve the major indices of growth, such as the ratio of oil to non-oil tax revenue…
Enterprise Bank Seeks Collaboration to end e-Fraud
Piqued by the growing incidents of electronic fraud, e-Fraud, in the financial sector of the economy, Ahmed Kuru, managing director/chief executive officer, MD/CEO, Enterprise Bank Limited, has called on banks to establish anti-fraud departments as a way of curbing the menace. While delivering a keynote address titled: When All Goes Wrong: Mediation and Arbitration Best…
WhatsApp us