Zenith Bank’s rise in non-interest income proved its income diversification strategy
Though Zenith Bank had few weeks ago released its Q3 financial report, a deeper look into the statistics showed that the improvement in non-interest income attests to the group’s success in its income diversification strategy. This is as the Group’s…
FG seeks early repayment plans of unremitted N450bn to TSA by agencies
Indications have finally emerged that more than one year of the resumption of Treasury Single Account (TSA) of the federal government; there are many federal agencies that are yet to fully comply, thus hobbling the 2016 budget implementation capacity. The…
BoI shares out N5bn to 242 SMES in agro-processing sector
In what looks like a sustained strategy, the Bank of Industry (BoI) has injected funding support to about 242 entrepreneurs in the North-Central region to the tune of N5bn. The bank in a statement said “out of this amount, N1.5bn…
CBN drafts new punishment for insider sharp practices in banks, fraud
The days of bank staff that specializes in aiding and abating financial crimes and other fraudsters In banks are becoming numbered as the Central Bank of Nigeria (CBN) is working on a policy that would ensure catch up unethical practices….
FEC approves 2017 budget estimate, says only N800b released on 2016 budget
Contrary to earlier comments by some top federal officials that government has released over N1tn into the economy as part of 2016 budget, the Minister of Budget and National Planning, Senator Udoma Udo Udoma has disclosed that due to liquidity…
Anxiety as Sub-Sahara Africa’s economy to slow at 1.5% – IMF
Indication has emerged, suggesting that recession is becoming a continental problem as the International Monetary Fund (IMF) has said that average growth for the Sub-Sahara Africa region is projected at a low 1.5 per cent, and it is the lowest…
Heritage Bank to launch ‘Happy Days’ promo today
Heritage Bank Plc will today in Lagos launch a promo tagged, ‘Happy Days Promo’ to empower and reward its loyal customers. The promo is open to persons from age 18 years and above. The promo which is additionally designed to…
More conflicting reports on local rice continue to come from govt agencies
Whereas the Minister of Agriculture and Rural Development, Chief Audu Ogbeh had last week raised alarm that famine will hit the country next year, the Central Bank of Nigeria (CBN), Tuesday said before the end of 2017, Nigeria will begin…
Ghana begins construction of $30 million e-Waste facility in Accra
The Ghanaian Ministry of Environment, Science, Technology and Innovations has cut the sod for the construction of a $30 million E-waste recycling facility at Agbogbloshie in Accra. The development became necessary owing to the rising volume of e-waste in the…
