Category: Business

For the sixth consecutive time, First Bank of Nigeria Limited has been named as the most valuable banking brand in Nigeria in the Top 500 Banking Brands of The Banker magazine of the Financial Times and Brand Finance, London, United Kingdom. First Bank is also the only Nigerian bank in the top 10 banking brands in Africa, along with nine other banks from South Africa, Egypt and Morocco. According to the Chief Executive, Brand Finance, David Haigh, the brand value is the amount a third party will need to pay in…

Read More

In a bid to promote local foods and strengthen the domestic market,Heritage Bank Plc, Nigeria’s Most Innovative Banking Services Provider has sponsored Season-3 of Bukas & Joints, hosted by Olisa Adibua, a respected media personality in the African continent. The launching of the screening of the Season-3 television food show in Lagos on Wednesday was a well-attended media event organised by Biola Alabi Media, the producers of the programme in collaboration with Heritage Bank. The featuring of the event will start screening on African Independent Television (AIT) on Sunday, February…

Read More

As part of its engagement initiative to drive financial inclusion, FIRST Bank of Nigeria Limited is organising Campus Storms to provide students and the Ivory Towers communities an opportunity to experience convenient and accessible banking offerings right at their doorstep. The bank will be at the University of Benin (UniBen) and New Benin Market on January 24 – 27, 2017; Abia State Polytechnic & Ariaria Market on January 31-February 3, 2017; and Usman Danfodio University & Sokoto Main Market on February 7 – 10, 2017 to educate, engage, and introduce…

Read More

The President of Masters Energy Groups has debunked the allegations which circulated on social, and mass media. He explained that he has the biggest Oil storage facilities in Nigeria. He made this known through the Head of Communication, Emma Iheanacho while reacting to the allegation raised by a non-governmental organisation known as Global Anti-Corruption Initiative. Iheanacho added that there is no iota of truth in the allegation raised by the NGO. He further stated that, the alleged man is a well known and high ranking entrepreneur who has empowered many Nigerians and…

Read More

Skye Bank is again set to make more millionaires out of Nigerians in its repackaged ‘Reach For The Skye Millionaire’ reward, Season II. This was disclosed in a press statement issued by the bank. The Season II which officially kicked off in January 2017, promises to deliver more benefits to the public compared to Season 1 of the scheme, which changed many lives and made over 36 millionaires of many erstwhile ordinary Nigerians across various segments of the economy. Speaking about the Scheme, the bank’s Executive Director, Retail and Lagos…

Read More

At the recently concluded 2016 Lagos Advertising and Ideas Festival (LAIF), Fidelity Bank’s ‘Tough Job’ campaign won eight awards. The CEO Fidelity Bank, Nnamdi Okonkwo, was at the weekend presented with the eight awards won. Tough Job won Silver for Radio, another Silver for Film, a Bronze for Best Use of Production Design & Art Illustration whilst the Bank’s logo unveil took home a Bronze in the Radio category. Fidelity Bank’s (Our Word) campaign won Bronze in Radio under the Investment & Other Financials products category whilst ‘Tough Job’ picked…

Read More

Ibeto Group, an Nnewi based battery manufacturing company has attributed the loss of 2000 jobs in the company within the last three years to the uncontrolled dumping of cheap battery from China. Chairman of the company, Chief Cletus Ibeto, said in Nnewi that due to the dumping, his company could no longer sell its products at competitive prize, hence the sacking of nearly 2,000 workers and closure of its Friction Parts Plant in 2013. He said: “With our 28 years in the business of batteries manufacturing in Nigeria, we remain…

Read More

    Heritage Bank Plc has disclosed plans to revolutionise the agricultural value-chain field, particularly the rice farming that will enhance agribusiness and aid economic development through its direct participation in the much lauded Anchor Borrowers’ Programme (ABP) of the Central Bank of Nigeria. Group Head, Agriculture Finance, Heritage Bank, Olugbenga Awe, in a speech delivered at 3rd edition of Rice Investment Summit in Abuja in collaboration with New Partnership for Africa Development (NEPAD), said the bank’s drive to support rice production was borne out of the conviction that agribusiness is…

Read More

Volume of shares traded by some banks, especially Fidelity Bank Plc and Diamond Bank, last week, lifted the volume of shares traded at the NSE, as a turnover of 1.117 billion shares worth N9.041 billion was recorded in 16,482 deals by investors on the floor of the Exchange. This volume of shares traded, was, however, higher than a total of 4.319 billion units, worth N7.376 billion that changed hands in 9,330 deals during the preceding week. Specifically, the financial services industry (measured by volume) led the activity chart with 903.696…

Read More

Aliko Dangote, Africa’s richest man and foremost entrepreneur, is setting up a $100 million vehicle assembly plant in Lagos, to tap the opportunity provided by the scarcity of forex and help tackle employment crisis in the country. The plant will be churning out heavy duty trucks on which his conglomerate, the Dangote Group spends huge amount to import , distribution of its products both locally and across the continent. Chief Corporate Communication Officer of Dangote Group, Mr. Anthony Chiejina confirmed the project, saying Dangote would be partnering a leading Chinese…

Read More