Business

Aggrieved staff of the National Pension Commission (PENCOM), has accused the acting Director-General of the commission, Hajiya Aisha Dahiru-Umar of fraud, flagrant violation of procurement process and abuse of office. In a petition sent to the Economic and Financial Crimes Commission (EFCC) by staff of PenCom under the aegis of …

Diamond Bank, Nigeria’s fastest growing retail bank, confirms that four Board Directors have tendered their resignation and will step down with immediate effect. The four members : Mr. Seyi Bickersteth, Mrs. Aisha Oyebode, Mr. Rotimi Oyekanmi and Ms. Juliet Anammah are leaving for varied personal reasons to focus on their …

Lagos Nigeria: October 25, 2018: Fidelity Bank Plc has posted an impressive financial performance for the 3rd Quarter of 2018 and is on course to finishing strong in the 2018 financial year. Details of the 9-months results for the period ended September 30, 2018, released yesterday at the Nigerian Stock Exchange (NSE) …

The Nigerian Stock Exchange (NSE) has fined NEM Insurance Plc for contravening Rule 19.3 of its Rulebook. This was after the NSE received a complaint by Bernateva Partners – the solicitor to Eaton Acquisitions Limited, a major shareholder in NEM Insurance Plc – to reverse the decisions reached at the …

  Diamond Bank, in partnership with Facebook,has commenced the second phase of the targeted training for Small and Medium-scale Enterprises (SME) owners to enhance their businesses using digital marketing strategies. The training exercise, which took place across seven states (Ibadan, Abuja, Kaduna, Kano, Port- Harcourt, Aba and Umuahia) with over 1,000 …

Regardless of how robust a policy framework may be, it requires diligent execution, which is backed by strict adherence to corporate governance, to achieve its desired objectives. This was the submission of Stanbic IBTC as Nigeria seeks approaches to unlock its potential and navigate the economy towards sustainable growth and …

The UBA Foundation is now accepting entries for this year’s edition of the National Essay Competition. The first prize for the competition will be N2 million educational grant for the winner to study in any African university of his or her choice, a 100% increase from N1m which was awarded …

Appreciating Meritorious Services: l-r: Former Non-Executive Director, United Bank for Africa (UBA) Group, Mr. Yahaya Zekeri and wife, Clara; Former Non-Executive Director, Alhaji Jaafaru Paki; Group Chairman, Mr. Tony Elumelu; Former Non-Executive Director, Mrs. Rose Okwechime; GMD-CEO, Mr. Kennedy Uzoka; Former Non-Executive Director, Ambassador Adekunle Olumide and wife, Emeritus Professor …

Heritage Bank Plc., Nigeria’s Most Innovative Banking Service provider, yet again has been adjudged the “Most Supportive Bank of the Year,” barely two weeks it grossed home three awards for its outstanding performance. The current award was conferred on Heritage Bank at the fourth edition of Green October Event 2018, …

Nigeria’s leading Tier 1 lender, First Bank of Nigeria Limited, has reiterated its commitment to leveraging Financial Technology (Fintech) to deliver innovative services. The Managing Director/Chief Executive Officer, First Bank of Nigeria Limited, Dr. Adesola Adeduntan, stated this in his address to the Fintech summit hosted by the lender in …