Business articles

CIBN Photo

CIBN Hosts World Conference Of Banking Institutes

CIBN Hosts World Conference Of Banking Institutes

The Chartered Institute of Bankers of Nigeria,CIBN, has announced its readiness to host all banking institutes, including over one thousand banking and finance professionals in the world at the 22nd edition of the World Conference of Banking Institutes which holds in Lagos from April 24 to 28, 2017 at Eko Hotels & Suites, Victoria Island, Lagos. The theme of this year’s edition is “Re-Thinking the Future of Banking and Finance & Life Long Learning” The

Valentine’s Day

Valentine’s Day Marred By Recession

By Oluwatoyin Akinrinola The harsh economic conditions in the country was a spoil sport for many people who ordinarily wouldn’t have spared no expenses to give their loved ones a treat on Valentine’s Day Femi Abimbola, an engineer had always looked forward to February 14 with excitement.  Popularly called Valentine’s or Lover’s Day, February 14 happens to be Abimbola’s birthday and the day he got married to his wife. For these two reasons, the day

Tell Edition Cover Page

The Hard Way Out Of Recession

The federal government faces an uphill task to pull the economy out of recession as the third quarter gross domestic product growth rate gives a faint hope of quick recovery  When the National Bureau of Statistics, NBS, announced its report of the gross domestic product, GDP, growth rate for the second quarter of 2016, which was in the negative zone, officials of the federal government, particularly Kemi Adeosun, minster of finance, were quick to douse

President Muhammadu Buhari

The Odds Against Buhari’s $30 Billion Loan

President Muhammadu Buhari’s quest to secure about N9.12 trillion foreign loans, required by his administration for infrastructural development, to get the country out of recession may surfer a setback due to political rivalry and failure of the government to gain the confidence of the people   The feeling within the Presidential Villa last week was not particularly a pleasant one. Not with the tough stance of the Senate on their approval, sought by President Muhammadu

mCash product

Fidelity Bank Launches NIBSS mCash Product

As part of the renewed efforts to further drive the financial inclusion mandates of the Central Bank of Nigeria, CBN, Fidelity Bank Plc has gone live on the Nigerian Inter-Bank Settlement System, NIBSS mCash product which will allow it’s registered merchants to receive payments from customers using their phones. Launched in collaboration with the NIBSS, other banks, and leading telecommunications companies, this electronic payment solution called microCash or mCash rides on Unstructured Supplementary Service Data,

Ernest Ebi

Fidelity Bank Gets New Board Leadership

Fidelity Bank Plc appoints three new non-executive directors, among them, a former deputy governor of the Central Bank of Nigeria A former Deputy Governor of the Central Bank of Nigeria, CBN, Ernest Ebi has emerged as a non-executive director and chairman designate of the board of directors, Fidelity Bank Plc. The appointment comes on the heels of the retirement of the erstwhile chairman of the bank, Christopher Ezeh who, after over 11 years of meritorious

Photo: Ade Ayeyemi

Financial Inclusion Is Our Goal – Ade Ayeyemi

Financial Inclusion Is Our Goal – Ade Ayeyemi, Group Chief Executive Officer, Eco Bank,  What is Ecobank’s overall vision and new strategy to increase its customer base? Our goal is to create an Ecobank that serves as a leader not only in the market but a leader that solves problems that face our customers, ensures financial inclusion and serves the community in which we operate and create value to every stakeholder. Because we are present in 36

Photo of Muhammadu Buhari

FG Unfolds Plans For $29.960bn Foreign Loan

The Federal Government has given details of its plans to take a $29.960 billion foreign loans designed to address infrastructure deficit in the country. Festus Akanbi, Special Assistant on Media to the Minister of Finance, Kemi Adeosun, said in a statement issued in Abuja that the borrowing is a three-year-plan covering proposed projects for 2016 – 2018. As such, the borrowings will be phased over the three year-period. The Finance Ministry further explained that the

Private Sector Is Key to Poverty Eradication-Elumelu

By TELL Do you know why past governments did not succeed in efforts to eradicate poverty in Nigeria? There is a man who has an answer to that question. He is no other person than Tony Elumelu, chairman, Heirs Holdings and Tony Elumelu Foundation. He said the reason all the entrepreneurship schemes fell short of the designed objectives is that successive governments decided to exclude the private sector. Elumelu who spoke at the National Institute


‘Men Get Intimidated When They See Me’- Adeola

‘Men Get Intimidated When They See Me’ -Adeola Laketu Jaiyeola   Adeola Laketu Jaiyeola, is a young Nigerian entrepreneur and CEO of Biike’s Castle, a foot wear making outfit. Supplying clients with handmade male and female foot wears has brought fame and fortune to her. She is delighted that she is patronised by “the rich, famous and even those who cannot really afford an expensive pair of designer shoes.” And this has sustained the business