The Asset Management Corporation of Nigeria (AMCON) has recorded another victory over an obligor whose total indebtedness is over N600million with the takeover of the assets of Hydro Hotels Limited. This was confirmed during the weekend by Mr. Jude Nwauzor, who is Head of the Corporate Communications Department at the …
Read More »Access Bank earns N61bn in H1 2020
Access bank Plc, Nigerian tier-1 bank, and biggest in customer size has released its half-year ended June 2020 financial statement. The results revealed that the lender grew its Post Tax Profit by 1% Year-on-Year (YonY) to N61.0 billion from N61.8 billion. The Bank has therefore proposed an Interim Dividend of …
Read More »COVID-19: How ecommerce sustained thousands of jobs during lockdown
By Adedoyin Giwa Job cuts, layoffs, wage cuts, and employee redundancy have continued to exacerbate as the coronavirus (COVID-19) pandemic and its resultant global economic recession continue to take its damaging toll on our socio-economic life, the economy and every other human activity across countries. According to the recent update …
Read More »Magu: FCMB’s trouble worsens as Pastor Omale sues bank, MD for N5bn
L-R: Ibrahim Magu, FCMB CEO, Nuru and Pastor Omale Prophet Emmanuel Omale, the general overseer of Divine Hand of God Prophetic Ministry, has sued embattled First City Monument Bank (FCMB) and its managing director, Adam Nuru for N5 billion, before the High Court of the Federal Capital Territory Abuja. In the suit …
Read More »Panic as fraudsters hack FCMB database, steal customers’ N900 million
FCMB CEO, Adam Nuru The Economic and Financial Crimes Commission (EFCC), on Friday, arraigned seven suspects before an Ikeja Special Offences Court, Lagos, for allegedly hacking into the computer database of First City Monument Bank (FCMB) and transferring over N900 million belonging to customers of the bank into an unknown account. Reports …
Read More »Shopping smart in the face of looming recession
By Ayomide Oriade Covid-19 pandemic has left the world in dire straits by causing a recession from which global economies will have to wait till 2022 for recovery. The World Bank 2020 Global Economic Prospect, June 2020, forecast that the pandemic will plunge all countries into the worst recession in …
Read More »FIRSTBANK’S IBUKUN AWOSIKA MAKES MOVIE DEBUT IN KUNLE AFOLAYAN’S CITATION
Mrs. Ibukun Awosika, Chairman, First Bank of Nigeria Limited has made her debut in a movie produced by award-winning, and proudly Nigerian movie producer, Kunle Afolayan. The movie, Citation, is created to correct one of the greatest ills – rape and sexual molestation – which affect the educational system and indeed …
Read More »Heritage Bank to stimulate economic growth with youth empowerment schemes
As part of its further response to deal with the global economic challenge occasioned by COVID-19, Heritage Bank Plc has reiterated commitment to deepen its support to young entrepreneurs in Nigeria to grow their businesses either as start-ups or prospective business owners. This, the bank said, is in line with …
Read More »NEC 10th Edition: UBA Foundation Calls for Entries, Introduces Digital Submission Portal for Students
Increases prize money by over 33% UBA Foundation, the corporate social responsibility arm of the United Bank for Africa (UBA) Plc, has today commenced the 2020 edition of its annual National Essay Competition in Nigeria with a call for entries. Now in its tenth year, the National Essay Competition (NEC) …
Read More »UN WOMEN AND OTHER STAKEHOLDERS PROPOSE STRATEGIES FOR COMMUNICATING NATIONAL PEACEBUILDING AT 7TH LAGOS PR STAKEHOLDERS CONFERENCE
Lagos, Nigeria – August 28, 2020: As part of strategies for promoting national peace and security, the United Nations Women has called for women’s inclusion in national peacebuilding processes to check the rate of insecurity in Nigeria. Speaking at the seventh Lagos Public Relations Stakeholders Conference, a web edition, themed: …
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