Business

*Obajana Cement PLC was incorporated in 1992 and as at 2002 had no paid up shares * Kogi State has no equity interest in Obajana Cement Plc * The plant and machinery were conceived, designed, procured, built, and paid for solely by DIL, well after it acquired the shares in Obajana Cement …

The presiding Judge of Federal high court sitting in Lagos south west Nigeria, Justice Peter Lifu has adjourned till 19th of January,2023, for the trial of four accused persons alleged to have defrauded Standard Chartered Bank to the tune of N223,865,708.08 to commence.   According to four count amended charge …

The story of Corporate Nigeria in 2022, cannot be complete without a chapter on the incredible performance of First Bank of Nigeria Limited, which saw the hitherto encumbered bank now returning to the top of the ladder of the Nigerian banking industry, amid a harvest of international laurels, writes Festus Akanbi …

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings PLC, completed the first outbound and inbound transaction on the Pan-African Payment and Settlement System (PAPSS) platform in Nigeria. PAPSS, the centralised Financial Market Infrastructure (FMI) that supports payment arrangements with the objective of expanding pan-African trade and driving African Central …

Stanbic IBTC Holdings, a member of Standard Bank Group, resolved to explore avenues to achieve net zero emissions by 2050, with the hope to create a more sustainable future for all. The organization had since embarked on several laudable initiatives to meet the commitment. As described by the United Nations, …

Employees of Keystone Bank Limited recently empowered 40 Nigerian youths by enrolling them on a digital skills training programme. The beneficiaries who are university undergraduates, National Youth Service Corps members and fresh graduates were impacted with digital skills consisting of web development, designs and digital marketing. They underwent a 6-week …

  Polaris Bank has commenced a nationwide savings campaign tagged: Polaris ‘Save & Win’ Promo to give away Millions of Naira in cash rewards to its loyal and prospective customers who would partake and emerge winners in the promo.   Four millionaires will emerge alongside 4,379 Nigerians who will be rewarded …

Our attention has been drawn to a circulating Press Statement issued by the Kogi State Government, wherein the Dangote Group was accused of allegedly sponsoring arsonists to set the Kogi State House of Assembly on fire in the early hours of Monday, October 10, 2022. The statement titled, ‘Obajana: Desperation sets …

Healthy living, physical fitness, emotional balance, and workplace collaboration are among the key pillars of most organisations when engaging staff. An effective application of the above usually leads to high productivity levels and a better workplace culture. At Wema Bank, Nigeria’s leading innovative bank, there is a high premium on …

  Globacom, the telecom industry transformational leader, has announced the commencement of its payment service bank business with the official launch of MoneyMaster PSB on October 6, 2022. The PSB commenced commercial operations on May 30, 2022.   A statement released by the company noted that “our over-arching business objective …