How Heritage Bank is driving entrepreneurial targets of Nigerian youths
Heritage Bank Plc has given fresh insights on why it has continued to support The Next Titan entrepreneurial reality TV show, saying the drive is to ensure that the entrepreneurial targets of the Nigerian youths are attained. Business Hilights recalls…
FBNH unaudited 9M-19 results see capital adequacy levels below statutory limit
FBNH recently released unaudited 9M-19 numbers, which was decent and generally in line with expectations. Gross earnings declined moderately by 0.4% y/y, while profitability increased by 15.3% y/y given the decline in credit impairment charges. Nonetheless, the Holdco’s result showed…
How Ghana may lead ECOWAS gang up against Nigeria over border closure
Strong signals are emerging from Ghana and other sister ECOWAS economies in possible gang up against Nigerian products that dominate the regional market if the border closure continues without end. The signals further indicate that none of the West African…
CBN lists permissible, non-permissible activities of fintechs, agent bankers’
As the economy continue to grow in activities and polices driving financial and digital inclusions using fintechs operators, Agent banking platforms and Mobile Money outfits, the Central Bank of Nigeria (CBN) has opened up on permissible and non-permissible activities. CBN,…
Hard work, Discipline and Sacrifice key drivers of Entrepreneurship—Elumelu
Self-styled campaigner of Africapitalism, founder of the Tony Elumelu Foundation (TEF) and Chairman, United Bank for Africa (UBA), Diokpa Tony O. Elumelu has charged entrepreneurs to embrace hard work, discipline and sacrifice on their entrepreneurial journey to success. Speaking at…
Sanwo-Olu, Fidelity parley key Lagos market unions on tax inclusion, dev
…Trading unions charged to profile their members for easy tax collection As part of his efforts to raise tax base of the state, Lagos State Governor, Mr. Babajide Sanwo-Olu on Thursday, met with market leaders from Alaba and Trade Fair…
‘Agent Banking, POS driving last-mile access for unbanked, under-banked’
Strong rise in access to digital financial services especially by the unbanked is being experienced nationwide due to massive rollout of agent banking and Point of Sales (PoS) terminals as key drivers of last-mile access to formal digital financial services….
Politics of PIB delaying deep pocket investors in oil industry—NNPC boss
Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari has linked the near scare investors in the nation’s oil and gas sector in the last couple of years to the non-passage of the Petroleum Industry Bills (PIBs)…
Forex ban on 43 items holding back Nigeria’s FDI—IMF
…CBN insists policy strengthening naira, backward integration The International Monetary Fund (IMF), has revealed that contrary to the thinking of the Central Bank of Nigeria (CBN) that forex restrictions on 43 items are driving backward integration in the local manufacture…
GTBank’s 9M-19 shows earnings decline as profitability expands
Guaranty Trust Bank Plc released unaudited 9M-19 numbers this week, showing that the bank’s performance has not been adversely affected as of yet. The result was in line with expectations as gross earnings declined while profitability expanded moderately. The performance…
