Business News

  By Tony Obiechina, Abuja The Nigeria Deposit Insurance Corporation (NDIC) has debunked claims by some shareholders that the regulatory authorities did not make enough efforts to salvage the fortunes of Fortis Micro-Finance Bank (MFB) before its liquidation.

  The Vice President, National Association of Chamber of Commerce, Industry, Mines and Agriculture, (NACCIMA), Mr Tony Ejimkeonye, has expressed shock over the postponement of Saturday’s presidential and National Assembly polls in the country. Ejimkeonye made his impression known while reacting to the shift in the dates for the general …

A Ghanaian company, Kasapreko Limited, says it sold 13.9 million bottles of Alomo Bitters, a herbal alcoholic drink, in Nigeria in 2018.

    From UDO ONYEKA, Lagos   Local shares rebounded by 0.12 per cent yesterday on renewed bargain hunting even as the Exchange printed 22 gainers as against 13 losers at the close of trade. Stocks in the consumer goods and Industrial sectors, especially UNILEVER, PZ and DANGCEM, which rose …

From UDO ONYEKA, Lagos United Bank for Africa (UBA) Plc has collaborated with Google and ISP partner to launch Google Station in 11 key UBA branches in Lagos State as part of plans to roll out 200 stations in the country.

By Stellamarris Ashinze First Bank of Nigeria Limited, last Thursday signed a partnership with the Azuri Technologies to provide solar energy solution for the low-income areas.

Nigeria’s Premier and foremost financial services provider, First Bank of Nigeria Ltd. says it will activate its digital lounge during the 2019 Social Media Week in Lagos.

The Central Bank of Nigeria (CBN) has issued a directive for the commencement of the end-to-end electronic payment of salaries, pensions, suppliers and taxes in the country.

All is now set for the launching of Micro Pension Scheme by the National Pension Commission (PenCom) this month, an initiative expected to attract over 20 million workers and N3 trillion into the pension assets.

Some underwriters have expressed optimism that premium income will grow in the insurance industry this year against all odds.