Why Ecobank didn’t renew contract of its third-party recruitment agencies
Fresh details have emerged on why Ecobank Nigeria decided not to renew the contract of its third-party recruitment agencies which expired recently. In a statement issued as reports of sack and un-ceremonial disengagement some staff went viral, the bank said…
UNN beats Unilag, 2 others to produce first 5-seater electric car in Nigeria
Barely six months after the Director General, National Automotive Design and Development Council (NADDC), Mr. Jelani Aliyu, challenged five Nigerian ranking institutions to make proposals on how to produce electric cars in the country, University of Nigeria Nsukka (UNN) has…
Too much money from agro export in the 70s, oil boom killed tax regime—Fowler
…Gives reasons why VAT may be hiked sooner in Nigeria The Executive Chairman, Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, has given deeper insights on why tax payment compliance in Nigeria is sounding strange to many Nigerians. Besides, he…
Merger, acquisition fevers engulf banking sector following CBN’s hint
Though the current largest bank in the continent by virtue of branch networks, Access Bank, has hurriedly denied any form of talks either with the management or shareholders of Union Bank relating to either merger or acquisition, industry analysts say…
AfCFTA: What products do Nigeria have comparative advantage now?
…Can NASS save the situation before Nigeria becomes dumping ground? Just as President Muhammadu Buhari has fallen to faceless pressure to sign the African Continental Free Trade Area (AfCTFA) on Sunday at the just concluded 12th Extraordinary Summit of the…
NOVA Merchant Bank launches new website for seamless service delivery
To deepen customer service, NOVA Merchant Bank (www.novambl.com), Monday announced the launch of its newly redesigned website. Business Hilights gathered that the new version has features and functionalities to enhance the accessibility of the website. The navigation of the website…
TEF, UNDP team up to empower 100,000 entrepreneurs in Africa
The global development network of the United Nations, United Nations Development Programme (UNDP), has partnered with the Tony Elumelu Foundation (TEF) to train, mentor and financially support 100,000 young entrepreneurs in Africa for the next 10 years. TEF, Africa’s leading…
CBN ties banks down to 60% minimum Loan to Deposit Ratio from Sept
In view of jump-starting massive loan give out to business operators, the Central Bank of Nigeria (CBN), in a circular signed by the Director of Banking Supervision, Ahmad Abdullahi, ruled that “All DMBs are hereby required to maintain a minimum…
Gas Flaring: FG upgrades steering committee to inter-ministerial to drive success
Federal Government has restructured the hitherto ministerial steering committee (SteerCo) of the Nigerian Gas Flare Commercialization Programme (NGFCP) from ministerial to inter-ministerial. This was in response to inclusion of relevant strategic ministries to fast-track the scheme. The Federal Government had…
Access Bank drives seamless access to CBN’s Creative Loan Scheme
Leading banking giant, Access Bank Plc., has given convincing narrative on the chances of success in the Central Bank of Nigeria (CBN) planned multimillion naira intervention fund for operators in the creative industry to grow their business. The Creative Sector…
