Business

Stanbic IBTC Insurance Brokers Limited, a member of the Stanbic IBTC Group, has announced the addition of annuity products to its rich bouquet of insurance offerings, in a move targeted at giving retirees a variety of retirement income solutions to choose from. Speaking during a media interactive session in Lagos …

  Dangote Group has emerged winner of the 2018 prestigious Nigerian Risk Award (NRA) which recognizes organizations who have made measurable impact within their sector through the effective application of good governance, risk management and internal control systems and strategies.   The award was on Thursday, September 6, 2018 conferred …

New York-based broker-dealer, Marco Polo Securities, has announced that Coronation Securities Limited (“COSEC”), a major Nigerian financial institution is expanding its access to US investors via the Marco Polo regulatory platform. Marco Polo has relationships with dozens of securities firms throughout Europe, APAC, Africa and the Americas, and enables clients …

The Tony Elumelu Foundation, Africa’s leading entrepreneurship-focused philanthropy, has announced a call for entries for the 2018 TEF Entrepreneurship Forum Travel Fellowship for African journalists. The Travel Fellowship will provide financial aid to journalists and photojournalists affiliated with African national or global media houses to attend the 2018 Tony Elumelu …

Eaton Acquisitions Limited, an investment company, has increased its stake in NEM Insurance to 9%, days after it announced the acquisition of 4% of the insurance company. While the initial 130 million shares sold at ₦4 each, representing a premium of 40.35% against the closing share price of ₦2.85, the …

In a move that enhances customers’ experience and control of their financial transactions, Stanbic IBTC Bank PLC, a member of Stanbic IBTC Holdings PLC, has deployed some changes on its Cash Deposit Process and Cheque Truncation System (CTS) portal, which includes the elimination of cash and cheque deposit slips in branches. …

The Central Bank of Nigeria (CBN) has made available the sum of $210 million, to meet customers’ requests in various segments of the foreign exchange market. The CBN, in its quest to meet customers’ needs in the various segments of the market offered $100million to authorized dealers in the wholesale …

A Nigerian nurse based in Maryland, USA, Mr. Bede Nnebedum, recently received his brand-new car at the DiamondXtra season 10 prize presentation ceremony which held in Lagos. Speaking shortly after the presentation, Bede told journalists that he has been a customer of Diamond bank for about seven years. According to …

Pan-African Financial Institution, United Bank for Africa (UBA) has announced the commencement of its chat bank ‘Leo’ on the WhatsApp platform. With Leo on WhatsApp, customers who are users and lovers of the app can now can perform basic banking services including checking their balances on the go, transferring funds, paying bills, among other services. The Group Managing Director/Chief Executive Officer, …

Diamond Bank in partnership with Facebookhas commenced the first phase of targeted training for Small and Medium-scale Enterprises (SME) owners to enhance their businesses through online marketing platforms. The training exercise, which commenced in Calabar, Cross River State on Thursday, 30 August 2018 with over 120 SME owners in attendance, is aimed …