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Buhari signs international cocoa agreement

Buhari signs international cocoa agreement

Olalekan Adetayo, Abuja President Muhammadu Buhari on Monday signed the Instrument of Accession to the International Cocoa Agreement, 2010. The Senior Special Assistant to the President on Media and Publicity, Garba Shehu, disclosed this in a statement made available to journalists. Shehu said the signing was sequel to the Federal Executive Council’s approval for Nigeria […] …

Banks worry as power firms’ debts worsen

Banks worry as power firms’ debts worsen

’Femi Asu Many of the Nigerian banks that gave loans to core investors during the privatisation of the power sector in 2013 may have incurred losses, our correspondent has learnt. It was gathered that the banks had, in the past four years, been struggling to ensure the repayment of the acquisition loans they granted to […] …

Nigerians knock, hail FG over completed airport terminal

Nigerians knock, hail FG over completed airport terminal

Okechukwu Nnodim, Abuja Some Nigerians on Monday criticised the Federal Government for announcing that it had completed an “abandoned terminal” at the Nnamdi Azikiwe International Airport, Abuja, as they argued that the terminal in question was not abandoned, but was an ongoing project. A number of other people, who commented on the issue, however commended […] …

Banks record N32.9tn e-transactions in Q2

Banks record N32.9tn e-transactions in Q2

Nike Popoola and Feyisayo Popoola A total volume of 509,668,433 transactions valued at N32.90tn were recorded in the second quarter of 2018 as data on electronic payment channels in the country’s banking sector. According to figures obtained from the National Bureau of Statistics, on Monday, Automated Teller Machine transactions dominated with a volume of 217,417,961 […] …

1,000 entrepreneurs auditioned for Heritage Bank’s ‘Next Titans’

1,000 entrepreneurs auditioned for Heritage Bank’s ‘Next Titans’

Feyisayo Popoola Heritage Bank Plc has said the Lagos audition of its entrepreneurial reality TV show, the Next Titan, was held with about 1000 contestants in attendance. The Head, Digital and Content, Heritage Bank, ChibuikeAgu, commended the participants for their determination to take part in the annual contest. He advised the contestants to open their […] …

Ecobank to reward customers for using Xpress account

Ecobank to reward customers for using Xpress account

Nike Popoola Ecobank has said it is rewarding customers for using their Xpress Accounts and transacting at Xpress points in their neighbourhoods. The bank’s Head of Direct Banking, Philip Sonibare, said in a statement that the offer would reward customers for transacting on their Ecobank Xpress account. According to him, there are also instant gifts […] …

Stock market: Investors lose N220bn in one day

Stock market: Investors lose N220bn in one day

Feyisayo Popoola Investors in the nation’s stock market lost a total of N220bn on Monday due to the losses recorded by 22 firms listed on the Nigerian Stock Exchange. The NSE All-Share Index fell by 1.71 per cent to close at 34,663.48 basis points while the market capitalisation of listed equities dropped to N12.654tn from […] …

NSE CEO inducted as fellow of CIS

NSE CEO inducted as fellow of CIS

Feyisayo Popoola The Chief Executive Officer of the Nigerian Stock Exchange, Mr Oscar Onyema, has been inducted as a fellow of the Chartered Institute of Stockbrokers of Nigeria. The NSE said in a statement on Monday that the conferment of the CIS fellowship took place at the investiture ceremony in Lagos on Friday. It said […] …

Emefiele, others to brainstorm on sustainable economic development

Emefiele, others to brainstorm on sustainable economic development

Nike Popoola Stakeholders in the banking sector have expressed their readiness to help to ensure sustainable economic development in the country. According to a statement on Monday, they will be brainstorming on the way forward, during the 2018 financial markets conference of the Financial Markets Dealers Association scheduled to hold in September, with the theme, […] …

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