DIAMOND Bank has set aside the sum of N433 million as the total prize money to be won in its Diamondxtra Season 10 reward scheme.

NIGERIA’s effort to attract more people into the financial system, under its financial inclusion goals, will help to boost its Gross Domestic Products (GDP) and provide   wealth making opportunities for more Nigerians.

BANK customers used FirstBank’s ATM to purchase N1.7 billion phone airtime in 2017, even as the bank accounted for 37 percent of bills payment transactions on ATMs across the country.

THE National Insurance Commission, NAICOM, has frowned at the low ranking of Nigerian insurance sector in Africa despite the country’s huge population.

Managing Director of APT Securities & Funds Limited, Mallam Kasimu Kurfi, in this interview, spoke on how banks’ borrowing affected the performance of manufacturing companies quoted on the Nigerian Stock Exchange, NSE, and investors’ confidence in the stock market.

By Nkiruka Nnorom GUINNESS Nigeria Plc has returned to profitability in its half year ended December 31, 2017 with N3.54 billion profit before tax, PBT, representing 175.9 percent increase compared to N4.66 billion loss after tax in 2016. The company also posted profit after tax of N2.131 billion, representing 145.7 percent increase from loss after […]

AS investors await the release of full year financial reports by quoted companies, analysts and other dealing members in the capital market have said that the expectation will dictate the direction of the market this month starting from this week.

THERE are different types of funds transfer services and it is important for bank customers to understand the differences and implications.

ASAHI Brands Limited, the exclusive tyre distributor for Bridgestone and Firestone, said it will partner with Standard Organisation of Nigeria, SON, to checkmate distribution of fake versions of the tyres.

The CBN has said that every account in the microfinance bank should have a BVN, which automatically brings credibility to the industry. Most MfBs are now on the NIBSS platform where we can also verify those BVN. We are also part of the Credit Bureau, which means that people, who take multiple loans from different MfBs without repayment, would be caught because we are now on the credit bureau platform.

NIGERIA’s external reserves rose  to $40.33 billion last week, the highest in four years.

OPERATORS in the insurance industry have appealed to the National Insurance Commission, NAICOM, to defer implementation of the reviewed rates on compulsory insurances by one year to enable the insuring public to be adequate sensitized.

By Peter Egwuatu & Nkiru Nnnorom AS the impressive performance of the Nigerian Stock Exchange, NSE, came to a halt last week, with investors losing N463 billion, market analysts have warned that speculation in penny stocks with weak fundamentals, could lead to meltdown of the market. In a week dominated by profit taking,  investors lost […]

The Pension Transitional Arrangement Directorate, PTAD, recently commenced the first phase of verification exercise of defunct Nigerian Telecommunications Limited (NITEL) and its mobile subsidiary, MTEL. At the Ketu, Lagos centre, Leader of NITEL/MTEL Pensioners Union, Comrade Austin Onokpise told Vanguard that the decision by the federal government to start paying them pensions have brought relieve to them.

FOLLOWING  profit taking in the stock market last week that resulted in loss of N463 billion in the market capitalisation, investment bankers have advised investors to build their portfolio on pro-cyclical sectors and stocks.