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Banking/Investments

Subscribers on Diamond Bank’s ‘Diamond Y’ello’ Mobile jump to 2m

Diamond bank

Diamond Bank Plc has revealed that it has recorded unprecedented surge in signup to its Diamond Y’ello account, a new digital banking drive introduced by the bank. A statement issued by the bank’s Head, Retail Banking Businesses, Robert Giles, linked the success to customers making informed choices about better ways to do banking in the digital age and the flexibility ...

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Don’t borrow from banks when you have not established, Diamond Bank tells SMEs

MSMEs

Diamond Bank Plc has stepped up assistance to Small and Medium Enterprises (SMEs) by given operators insight into requirements commercial banks consider before granting loan to Small and Medium Enterprises (SMEs) in the country. In her presentation at the just concluded Vconnect and Facebook SME conference in Lagos, Head Emerging Market at Diamond Bank Plc, Njideka Esomeju said “The whole ...

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GTB wins Best Corporate Governance award

GTBank

Leading electronically driven financial group, Guaranty Trust Bank (GTB) has won the 2017 Best Corporate Governance award. The award organized by the Ethical Boardroom magazine further recognized other companies who have distinguished their brand services with exceptional leadership and service delivery in corporate management. Ethical Boardroom magazine has consistently delivered in-depth coverage and astute analysis of global governance issues. The ...

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Collapsed scanners fueled rising passage of guns, banned items from ports–Agents

Customs impounds arms

More facts are merging on the recent seizure of a 40 feet container of pump-action guns numbering about 661 in Lagos even as the two officers declared wanted by the Nigerian Customs Service (NCS) have turned in themselves. In a random interview with several agents at the Apapa and Tincan Ports, they in unison attributed the non-dictation and eventual smooth ...

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Lebanese, highest car importers in Cotonou confused, begin to close shops–Survey

Investigations have revealed that the kingpins of car inflows from Cotonou to Nigeria via land border are Lebanese and the prevailing ban on car imports via land borders has forced them to close shops. It was also discovered that Lebanese are closely followed by Nigerians in car imports as only about less than 10 per cent are imported by indigenes. ...

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Stock exchange remains the best place to raise capital—Onyema, CEO of NSE

nse-oscar

The chief executive of Nigerian Stock Exchange (NSE), Mr. Oscar Onyema has once again stressed that the Exchange remains the best bet for raising capital for serious businesses in Nigeria. Addressing officials of Medview Airline who were at the Exchange for the listing of the company, he said “We are particularly pleased that Med-View has taken this strategic step to ...

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Review monetary framework to cage excruciating inflationary trend, Boyo tells CBN

CBN emefiele 2

Leading economist and Managing Director, Cocoshen Nigeria Limited, Mr. Henry Boyo has called on the Central Bank of Nigeria (CBN) to begin the real fight against soaring inflationary trend by reviewing monetary policy framework to address the problems of high inflation, foreign exchange scarcity and high interest rate Speaking in an interview in Lagos, Boyo argued that high inflation remains ...

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FirstBank deepens financial inclusion on campuses with eBanking products

first bank

Pioneer indigenous financial institution, First Bank of Nigeria Limited has began a nationwide tour of select campuses with the aim of driving financial inclusion amongst students Tagged Campus Storms, the bank said it will provide students and the Ivory Towers communities an opportunity to experience convenient and accessible banking offerings right at their doorstep. The show which took off with ...

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Obiano stimulates state economy with N1b social investment scheme

Gov Obiano

As part of efforts to further stimulate the economy of Anambra by way of creating jobs and encouraging startups, the Anambra State Government has set aside N1 billion in the 2017 budget for its social investment programme. The Secretary to the State Government, Prof. Solo Chukwulobelu revealed the at the Community Based Targeting Team training in Awka earlier in the ...

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Sanusi, NEPC hail FCMB’s export promotion drive

FCMB logo

Former Central Bank of Nigeria (CBN) and Emir of Kano, His Highness Alhaji Muhammed Sanusi II has joined other stakeholders of First City Monument Bank (FCMB) Limited to salute the financial institution on its rich series of customer fora on export trade. Already, the Nigerian Export Promotion Council (NEPC) said it targets $25 billion revenue from non-oil export by 2025. ...

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