Safeguarding investors’ capital remains biggest post-listing challenge- AVA Capital
By Peter Egwuatu THE Managing Director and Chief Executive Officer, AVA Capital Plc, Mr. Kayode Fadahunsi has revealed that safeguarding investors’ capital remains the biggest post listing challenge. He added that preserving investor trust would be the company’s foremost priority, adding that the group seeks to strengthen governance, transparency and accountability while pursuing long-term growth as […]
Sublime unveils new logo, Ad technic
Sublime solution has unveiled a new logo tagged Super AD wheels in Lagos. Ajibade Oladoku, Managing Director, Sublime Solution said at the unveiling that the full potentials of advertising is fully untilised as he stated that advertisers have not explored other available advertising solutions in the industry.
FCMB commences issuance of the Verve Cards
First City Monument Bank (FCMB) Plc has begun the replacement of the Magnetic-Stripe ATM Debit cards used for many electronic Banking services such as cash withdrawal at its various Automated Teller Machines (ATMs) and payments on Point of Sale (POS) terminals with a more secure and reliable Chip & PIN ATM Debit card.
Debtors List: Lulu-Briggs threatens legal action against CBN, Union Bank
High Chief O.B Lulu-Briggs has threatened to legal action against the Central Bank of Nigeria (CBN) and Union Bank plc over the appearance of his name in the debtors’ list published by the apex bank.
Afribank puts in place risk mgt elements
Afribank Nigeria Plc has put in place good risk management elements to restore confidence and stability while improving business processes and performance in order to reposition the bank. This was revealed by the bank’s new Group Managing Director/CEO, Mr. Nebolisa Arah.
First Bank wants CBN to reverse directive on ATM
First Bank Nigeria PLC has called on the Central Bank of Nigeria (CBN) to reverse the directive that banks should restrict deployment of ATMs to their branches, even as it declared N33.6 billion dividend for the operating year ending March 31st 2009.
Bad loans: CBN should compel banks on credit bureau guidelines
Managing Director/Chief executive Credit Registry Services, the nation’s first credit bureau, Mr. Taiwo Ayedun has said that the most effective way for the Central bank of Nigeria (CBN) to address the problem of bad loans in the banking industry is to enforce its guidelines that banks should use credit bureaus.
Honeywell Flour to boost profitability with new products
As parts of plans to improve its market share and boost its bottom line in the years ahead, Honeywell Flour Mills (HFM) Plc has announced its decision to introduce new and attractive products in the Nigerian market and also expand the reach of its products through continuous training of users of its products.
WTO to adopt dumping report, retaliation on US looms
The World Trade Organisation is due on Aug. 31 to adopt a ruling by its top court condemning U.S. anti-dumping measures, allowing Japan to seek retaliation against Washington, a WTO agenda showed on Friday.
Oil hits 2009 high above $74 on economic optimism
Oil rose more than $1 to trade above $74 a barrel on Friday as data in the United States promised economic recovery and a potential revival in energy demand. Home sales data for July showed recovery in the U.S. housing market, while Federal Reserve Chairman Ben Bernanke said that the global economy appears to be […]
Confusion in the banks: CBN struggles to justify its action
THE Central Bank of Nigeria appears to be developing cold feet over the war it declared on bank debtors.
