Business

eTranzact partners SMEDAN to expand digital access for SMEs

eTranzact partners SMEDAN to expand digital access for SMEs

By Elizabeth Adegbesan eTranzact International Plc has reaffirmed its commitment to supporting Micro, Small and Medium Enterprises, MSMEs, through digital payment solutions, as it deepens its partnership with the Small and Medium Enterprises Development Agency of Nigeria, SMEDAN, to promote financial inclusion. The commitment was made at the SMEDAN/eTranzact Town Hall Engagement, themed, “Financial Literacy and […]
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Global economy is expanding, says IMF

Global economy is expanding, says IMF

But in its latest world Economic outlook, the IMF said the “pace of recovery is expected to be slow”. It added that the recovery is likely to be “insufficient to decrease unemployment for quite sometime”.

Share value appreciates by N22bn

Share value appreciates by N22bn

Driven by gains on the share prices of major blue chip companies, the value of listed equities on the Nigerian Stock Exchange (NSE) appreciated, Wednesday, by N22.15 billion.

Diamond Bank scrapes COT charges on MSMEs account

Diamond Bank scrapes COT charges on MSMEs account

By  Babajide Komolafe Diamond Bank has scrapped payment of Commission on Turnover (COT) charges for customers operating the Diamond Businessxpress. The Diamond Business-xpress account is specically designed to add value to micro, small and medium enterprises with the purpose of helping them to grow. The COT free feature comes in three categories namely Starter for […]

ADB, Main One Cable signs agreement on $61m cable project

ADB, Main One Cable signs agreement on $61m cable project

The African Development Bank Group (AfDB) and Main One Cable Company on Wednesday  signed a loan agreement of $61 million towards the development of a submarine fiber optic cable connection along the West African coast. A statement from the bank said that, “With this investment, the Bank has further expanded its wide support for African […]

CSL cautions regulators, predicts market rebound in 2010

CSL cautions regulators, predicts market rebound in 2010

CSL Stockbrokers Limited, a subsidiary of First City Monument Bank (FCMB) Plc has cautioned regulators in both the money and capital market to implement positive policies that would return confidence in the market. The company however predicted that the Nigerian stock market will rebound in 2010 following the gradual calm returning to the Niger Delta region as well as the rebound in global oil prices.

BA launches all business class to New york

BA launches all business class to New york

British Airways Tuesday launched the first longhaul flight from London City Airport _ an exclusive, all_business service to New York. Two uniquely configured Airbus A318s will fly twice daily on the new route, which links the hearts of the world’s two biggest financial centres.

ICC lambasts G20 on Doha trade negotiations

ICC lambasts G20 on Doha trade negotiations

The International Chamber of Commerce (ICC) has criticised leaders of the 20 leading industrail nations also called G20 for lacklustre commitment to the conclusion of the Doha Round of trade negotiations.

Union Bank doles out cars, motorbikes to customers

Union Bank doles out cars, motorbikes to customers

Union Bank of Nigeria PLC doled out the first set of three brand new Toyota Corolla cars, 20 motorcycles and various cash prizes to winners in its on-going Savings Bonanza at its first quarterly regional draw held on Tuesday in Owerri, Imo State as demonstration of its resilience to reward customers.

Standard Bank, Troika Group get regulatory approval for partnership

Standard Bank, Troika Group get regulatory approval for partnership

Standard Bank Group, the parent company of Stanbic IBTC Plc and Troika Dialog Group, the leading Russian investment bank, have announced the formalisation of their strategic partnership, following regulatory approvals, inter alia, in Russia, South Africa and the United Kingdom.

NTDC set to promote disabled friendly tourist facilities

NTDC set to promote disabled friendly tourist facilities

Nigeria _ like other parts of the world _ lacks many appropriate accessibility provisions for the general population. This is a problem which affects many people both in their daily lives and also as tourists.

Import tariff, export taxes on the cards for SA

Import tariff, export taxes on the cards for SA

HIGHER food import tariffs aimed at protecting local producers — and new export taxes on primary produce aimed at boosting local manufacture — are on the cards, judging by a confidential Department of Trade and Industry (DTI) document.

Broker blames CBN for high number of dormant account

Broker blames CBN for high number of dormant account

Following its negative impact on the nation’s financial system, an expert in the Nigerian capital market, Mr. Amaeze Olisaemeka, has blamed the Central Bank of Nigeria (CBN)for the high number of dormant accounts and the numerous irregularities associated with it.

ETI appoints Kolapo Lawson as new chairman

ETI appoints Kolapo Lawson as new chairman

THE Board of Directors of Ecobank Transnational Incorporated (ETI) has named Mr. Kolapo Lawson as its new chairman. The decision was made at the 135th meeting of the Board, held in Lome , Togo on the 28th of September, 2009.