ACCESS Bank has refreshed its mobile banking app with a set of new and exciting features. These additional features allow customers perform multiple functions including quick airtime top-up and funds transfer without signing on to the app.

NATIONAL Insurance Commission (NAICOM) has cautioned insurance operators from generalising and publicising personal discontent with industry regulations.
Commissioner for Insurance, Alhaji Mohammed Kari gave this warning at the concluding session of the insurance conferenc

LAST weekend, Unilever Nigeria Plc, one of the oldest conglomerates in Nigeria rolled out an impressive second quarter 2017 (Q2 ’17) result showing revenue growth of 58 per cent and a jump in net profit by a massive 3873 per cent Year-on-Year (YoY).However, a quarter-on-quarter (QoQ) review shows a moderate growth rate in revenue at 3.4 per cent while net profit increased by 29.4 per cent. But both the revenue of N22.9 billion and net profit of N2.1 billion were ahead of most analysts’ estimates.

WE begin a review of First Half 2017 (H1’17) corporate scorecards with some form of spotlights on some select companies.
Lafarge Africa Plc which announced a second quarter 2017 (Q2’17) result last week, has excited investors amidst its controversial recapitalisation program. Revenue grew by 33.8 per cent Year-on-Year (YoY) while net profit was N14.57 billion, moving sharply from a loss of N28.37 billion same period of last year. Compared to Q1’17, however, revenue and profit before tax (PBT) were down 9.6 per cent and 7.7 per cent respectively.

NATIONAL Insurance Commission (NAICOM) said that 12 insurance companies were acquired in the last three years.
Commissioner for Insurance, Alhaji Mohammed Kari, who made the disclosure in Abuja, said that there were three foreign acquisitions in 2014, two in 2015, five in 2016 while talks to acquire two companies are now in progress.

FIDELITY Bank Plc has again demonstrated its desire to continuously improve on customer service with the introduction of a personalized self-service feedback system on its flagship Instant Banking Product *770#. This pioneering initiative, which is the first of its kind in the Nigerian banking industry, will take customer service a notch higher.

STANBIC IBTC Bank has launched a fresh customer value proposition targeted at high net worth individuals who desire an exclusive and differentiated banking service experience.

DIAMOND Bank Plc has achieved asset base of N2 trillion in the first half, H1 of 2017, while its profitability rose by 2.8 per cent during the period.
The bank disclosed this in its H1 2017 financial results released on the floor of the Nigerian Stock Exchange (NSE) in Lagos.

THE interbank money market will this week receive liquidity boost of N966 billion inflow from statutory allocation funds and payment of matured treasury bills (TBs). The expected inflow will revive market liquidity, which fell drastically last week by 92 per cent to N12 billion on Friday from N177.48 billion on Monday.

The Central Bank of Nigeria, CBN, yesterday, warned that the nation’s economy may relapse into another recession, citing the N2.5 trillion budget deficit recorded by the Federal Government in six months and other factors as major threats to a fragile economic recovery.

THE Nigerian Insurers Association (NIA) has said that insurance companies generated about N1.72 trillion gross premium in six yeaom 2011 to 2016.

COMMISSIONER for Insurance, Alhaji Mohammed Kari, has appealed to the Minister of Finance, Mrs. Kemi Adeosun for review of the Financial System Strategy 2020 (FSS2020) to ease doing business in the country.

AT the backdrop of Nigeria’s suspension from the Egmont Group of Financial Intelligence Units, the National Insurance Commission, NAICOM, has said that 200 insurance brokers out of the 358 operating in the country are yet to register with the Nigerian Financial Intelligence Unit, NFIU, on money laundering and terrorism financing.

The Managing Director, Guinness Nigeria Plc, Mr. Peter Ndegwa, in this interview with Financial Vanguard, spoke on issues that challenge manufacturing companies in Nigeria , brewery sector, Guinness brands, proposed capital raising, future prospects, among others. Excerpt: By Peter Egwuatu WHAT are the challenges  facing the manufacturing industry in the country? The economic environment has […]

Mr. Yemi Soladoye who was a former Managing Director of Elmac Insurance and a Consultant to the National Insurance Commission recently clocked 60 years. In this interview, he shares insights on sundry issues in the industry.