Business

With the continuous increase in the rate of recovery from the dreaded Coronavirus, Nigeria appears to be winning the war against the pandemic that has wreaked havoc across the globe. Data gathered from the Nigerian Centre for Disease Control by P+ Measurement Services in the month of August saw Nigeria recording …

9mobile has announced the giveaway of N20 million naira, 1000 smartphones to customers in its promo tagged Mega Million promo. The promo, across various regions of the country, continues to gift lucky winners with life-changing uplift and relief especially in the wake of the economic effects of Covid-19. Mega Million …

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 …

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 …

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 …

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 …

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 …

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 …

  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 …

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 …