Mr Mitchell Elegbe, Managing Director of InterSwitch Ltd, on Thursday said that the company had sold 67 per cent of its equity to Helios Investment Partners and Adlevo Capital.

Shareholders of First City Merchant Bank( FCMB) Plc have unanimously endorsed proposed plan by its Board of Directors to apply for universal banking licence with international banking authorisation.

Poised to make the future of their clients bright and in keeping with the vision of being microfinance banks (MFBs) that truly provide financial services to people at the lower rung of the society, especially the less privileged and the active poor, most MFBs in the country have designed an array of financial products and services that would suit their end users.

Aside its golden jubilee celebration, the Nigeria Institute of Management (NIM) said it’s a time for sober reflection, stocktaking and a time to project for the future of management development, as it gets new logo.

Although, the federal government is paying N5 million each as compensation to the families of the 10 National Youth Service Corps (NYSC) members who lost their lives in the post- election violence, insurance companies that insured all contract staff of the Independent National Electoral Commission (INEC) will still have to pay compensation to families of the slain corps members.