It is common to equate dislocations and attempts at addressing dislocations in the financial sector, especially among banks as attempts at addressing systemic risks. This is a limited view.

The telecom sector in Nigeria has attracted over $18 billion investment in the last eight years on account of predictive regulatory environment and supportive government for a deregulated telecom industry.

Lekki Port, located within the Lagos Free Trade Zone (LFTZ), has received Environmental Impact Assessment (EIA) approval from the Federal Ministry of Environment (MOE).

Intercontinental Bank and Skye Bank won two awards each to dominate the maiden edition of Interswitch Nigerian e-Payment Awards. The awards presentation took place in Calabar, South-South, Nigeria, during the second annual Techno-Interactive Conference organized bythe company.

Management of Afribank Nigeria Plc has said that it is committed to recovering all non-performing loans in the books of the Bank stressing that this is central to its ongoing strategic turnaround plan that will see it achieve competitiveness in a short time.

Managing Director/Chief Executive, Equitorial Trust Bank, Gbolahan Olukayode Folayan Bank has said investing in the of training of staff for optimal productivity is the priority in the bank.

Access Bank Plc, Africa’s financial services brand of global reckoning, has undertaken the sponsorship of the broadcast of UEFA competitions to the Nigerian public for the current UEFA season. This development follows HITV, Nigeria’s leading pay TV operator’s acquisition of the broadcast right for UEFA competitions for the 2009/2010 and 2010/2011 seasons following a keenly contested bid.

Hope rises for investors on the Nigerian Stock Exchange (NSE) as the value of their investments appreciated last week by N189.43 billion.
Particularly, the value of their investment, represented by the market capitalisation rose by 3.62 per cent to close the week at N5.420 trillion from N5.230 trillion at which it opened.

In furtherance of its avowed  commitment towards providing qualitative, yet affordable telephone services to Nigerians across the country, the Nation’s leading CDMA operator, Starcomms, has slashed its international tariff from twelve naira (N12.00k) to ten (N10.00k) naira in some destinations, and from eighteen (N18.00k) naira to ten (N10.00k) naira in yet other destinations in a […]

Following the negative impact of the global economic crisis on its bottom lines in its 2009 financial year, Flour Mills of Nigeria Plc has announced its decision to increase its investment in strategic areas of the business, as parts of plans towards positioning to tackle the challenges in the years ahead.

Beco Petroleum Products Plc has predicted a dividend of N1.02 billion to be paid to its shareholders in its 2010 financial year, representing a dividend per share of N0.54 per share.

Actis, a private equity investor in emerging markets has announced the investment of about US$750m in it’s infrastructure 2nd fund. A report said that this pan-emerging markets fund will focus principally on opportunities in power generation and transport.

TopComm Integrated Marketing Communications Solutions Limited has been appointed by a South Africa based travel management company (TMC), Umhlanga Explorer to manage its Public Relations needs in Nigeria.

Guinness Nigeria Plc has denied the alleged relocation of its operations to Ghana. In a statement by the company, whilst denying the media report as regards the company’s relocation plan, said, “there have been media reports to the effect that Guinness Nigeria Plc is relocating its operations to Ghana.

Chimlim Technical Limited, marketer of automobile parts in Nigeria has alerted the public of the existence of fake and adulterated spare parts in the market.