THE management of Nigerian Ports Authority (NPA) has written off N119 billion bad debts.

Nigeria Deposit Insurance Corporation (NDIC) has said that banks need additional capital combined with creative products and services to weather the impact of the ongoing economic recession.

Dangote Group Staff Multi-Purpose Co-operative Society Limited has declared N83.59 million as surplus and N41.8 million dividends for the year ended December 31, 2015.

Lagos state government officially flagged off its “Rent-to-Own” housing scheme at different places across the state which include Sir Michael Otedola Housing Estate, Odoragunsen,Epe, where the Deputy Governor, Mrs. Idiat Adebule, represented Governor Akinwunmi Ambode.

Against the backdrop of unending clamour for mass housing as solution to housing problem of the country,a Lagos-based estate developer and Managing Director and Chief Executive Officer of Propertygate Development and Investment Plc, Mr. Adetokunbo Ajayi has noted that there are some structural problems that will not allow mass housing project in Nigeria see the light of the day, except these structural problems are adequately addressed.

The third quarter results released by STACO Insurance Plc revealed that the company has paid the total sum of N1.445 billion claims to her various clients between January and September 2016.

Deputy Governor, Operations, Central Bank of Nigeria, CBN, Mr. Adebayo Adelabu has called on the Nigeria Electronic Fraud Forum, NeFF, to address the threat of blockchain technology.

BUA Group has said that its expansion projects in Edo and Sokoto states will increase its production capacity to ten million metric tonnes before the end of 2018. Chairman/CEO BUA Group Abdul Salman Rabiu disclosed this to newsmen at the company’s 2016 annual customer forum and awards held in Abuja.

The First City Monument Bank, FCMB, Limited promotion tagged, ‘’FCMB Millionaire Promo Season 3”, has come to an end with four cutomers carting home N8 million.

Zoto, a product of Hedonmark Management Services Limited and Nigeria’s fastest mobile recharge app, has announced that it has become the number one app in Google play store in Nigeria for the shopping category.

Stanbic IBTC Stockbrokers Limited (SISL) has received the award for 2016 ‘Best Dealing Member Firm’ on The Nigerian Stock Exchange, NSE.

Access Bank Plc. has emerged as the Best Bank in Nigeria at the at the 2016 EMEA Finance & Banking Awards by leading financial publication EMEA Finance Magazine. The Bank also won in two other categories awarded to financial institutions in the Pan-African Region. These are the ‘CEO of the Year’, awarded to Access Bank’s Group Managing Director and CEO, Herbert Wigwe and ‘Corporate Social Responsibility award’.

Diamond Bank Plc said it has earmarked N584 million to reward 1,005 of its customers in season nine of its loyalty scheme -DiamondXtra- which is set to kick-off in January, 2017.

Harmony Trust and Investment Company Nigeria Limited has  raised concern over John Holt Plc’s inability to pay up its N60 million debt, saying it is a breach of agreement. In  a statement, Harmony Trust and Investment Company’s attorney, of Adedeji & Owotomo firm, Mr. Segun Idowu said that in December 2015, its client (Harmony Trust […]

In its effort to reposition Resort Savings & Loans Plc, the Board of Directors of the primary mortgage bank (PMI), has appointed Barrister J. O. J. Chukwuocha as its new Chairman, following the resignation of the former Chairman, Chief Babatunde Adefarati from the Board.