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How Zenith Bank Remained @ Zenith Even In Recession

The recent release of Zenith Bank’s 2016 half-year result has continued to elicit commendations as analysts are upbeat that the bank has surpassed predictions and the serial meltdown currently challenging every sector. NIGERIA BUSINESS HiLIGHTS looks at the implications of the bank’s financial result and its consolidating position in the industry.   In practical terms, when one is driven by ...

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Elumelu Wins Africa Investor ‘Person of the Year’ Award In New York

The Chairman of Heirs Holdings, Mr. Tony Elumelu has been honoured with the ‘Person of the Year’ award at the Africa Investor Chief Executive Officer (CEO) Institutional Investment Summit hosted alongside the UN General Assembly in New York,  Receiving the award on Tuesday, Elumelu extolled commitment of stakeholders in the public and private sectors to improve access to power in ...

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AfDB Explains Terms On $4.1bn Loan Deals To Nigeria

afdb

AfDB has announced plans to give Nigeria the total of $4.1bn loan to boost investments and job creation in Small and Medium Enterprises (SMEs). Explaining more on the deal recently sealed during his visit to Abuja, President of the bank and former Minister of Agriculture and Rural Development of Nigeria, Dr. Akinwunmi Adesina said the loan is coming on a ...

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Invest in Technology, Adopt Collaboration, CWG Boss Tells Stock Marketers

The Founder of CWG Plc, Mr. Austin Okere, has urged key players in the Nigerian Stock Market to prioritize investment in technology innovation as well as engage in cross-sector collaboration in the bid to boost their revenue as well as survive the emerging market trends.   This was the thrust of his lecture with the title “Reimagining Capital Market Future ...

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AfDB Explains Terms on $4.1bn Loan Deals to Nigeria

afdb

  AfDB has announced plans to give Nigeria the total of $4.1bn loan to boost investments and job creation in Small and Medium Enterprises (SMEs). Explaining more on the deal recently sealed during his visit to Abuja, President of the bank and former Minister of Agriculture and Rural Development of Nigeria, Dr. Akinwunmi Adesina said the loan is coming on ...

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Falling Naira Forces Experts to Proffer Solutions

The renewed pressure on the exchange rate forcing naira to keep downing as if nothing is being done to contain the challenge is encouraging experts to open up on way forward. Chief Economist and Head of Research at FSDH Merchant Bank Limited said “The monetary authority should ensure that it does not bow to the current pressure to reduce the ...

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Anxiety as Naira Inches to N500/USD

There are growing concerns in the financial sector following indications that naira is closing in on 55 to 1$. It closed at N490/ USD1 in the parallel market, with dealers expecting further rise today to hit the dreaded N500 mark. But it appreciated significantly to N305/ USD at the official interbank market same day, although dealers said the foreign exchange ...

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NEPC Accuses NIMASA of Withholding N300m Freight Fund

NIMASA logo

The Executive Director/Chief Executive of Nigerian Export Promotion Council (NEPC), Mr. Olusegun Awolowo has revealed that the Nigerian Maritime Administration and Safety Agency (NIMASA) is withholding 10 percent levies on freights collection to NEPC as stipulated by law. In his presentation at the just concluded 22nd seminar of Finance Correspondents and Business Editors (FICAN) in Abakaliki, Ebonyi State, NEPC further ...

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CBN Gov’s Wife Regains Freedom After 3 Days With Kidnappers

After three days in kidnapper dean, the wife of the Central Bank Governor, Margaret Emefiele, has been released by her abductors. It was not clear if any ransom was paid even though the adoptors had called on the CBN governor shortly after the adoption. She was released alongside three women and a driver that were abducted on Thursday along Benin-Agbor ...

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VANSO Completes Merger With Interswitch, Set for New Growth Phase

Market leading mobile and security focused financial technology provider, Value Added Network Solutions (“Vanso”), has announced the acquisition of 100% of the equity in the company by Interswitch Limited (“Interswitch”), the leading pan-African digital payments and Commerce Company. Vanso is a financial technology provider focused on delivering cutting edge and innovative solutions in Africa. Established in 2005, the company provides ...

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