Leading financial services provider, First City Monument Bank (FCMB) has once again demonstrated its commitment towards the empowerment of youths in entrepreneurship by sponsoring a capacity building programme for almost 1,000 members of the National Youth Service Corps (NYSC)...
The Naira gained 40k against the dollar at the end of Friday trading, exchanging at N359.6 stronger than N360 traded on Thursday. The Pound Sterling and the Euro closed at N469 and N413 respectively. At the Bureau De Change window, the...
As against the earlier promise by the Comptroller General of the Nigeria Customs Service (NCS), Col Hameed Ali on assumption of duty as head of the service to increase federal governments revenue by auctioning seized and abandoned cars, vehicles...
Seplat, CAP and Guaranty Trust Bank on Tuesday dominated losers’ chart on the Nigerian Stock Exchange (NSE) forcing the market to close on a bearish note for the second consecutive day, PremiumTimes reports. The News Agency of Nigeria (NAN) reports...
Phanes Group (www.PhanesGroup.com/incubator), an international end-to-end solar provider headquartered in Dubai, UAE, has announced the 2nd edition of its Solar Incubator program, aimed at identifying PV projects of potential in sub-Saharan Africa by providing support to funding, and commercial and...
FirstBank has announced the launch of chat banking on WhatsApp. FirstBank customers can leverage the real-time messaging capabilities of the WhatsApp Business solution to check their account balances as well as perform simple banking queries. The launch which took place...
MTN Nigeria alongside other telecommunications companies and banks supported Nigeria Interbank Settlement Systems Ltd (NIBSS) to relaunch mCash on Tuesday, July 31st, 2018 at the Eko Convention Centre, Eko Hotel and Suites, Victoria Island. mCASH is an innovative solution created to facilitate low-value...
Pan-Africa’s financial institution, United Bank for Africa, (UBA,) which recently clinched the Euromoney award as the Best Digital Bank in Africa, is once again in the news for yet another innovation in the fast emerging sophisticated banking sector; and this is by asserting itself as...
After a record financial quarter—and expectations of new iPhones in the fall—investors briefly pushed Apple’s market capitalization over $1 tn today (Aug. 2). Apple tallied a record $53.3 billion in revenue for the last quarter, and made $11.5billion in profit—a 32% increase in profit over...
As Facebook stock plunged over 20 per cent in after-hours trading on Wednesday following a disappointing earnings report, CEO Mark Zuckerberg lost $17.6bn in net worth. The 34-year-old Facebook billionaire, who had been worth as much as $86.5bn when Facebook...
As part of its strategic drive to strengthen business partnerships between Nigeria and China, First Bank of Nigeria Limited recently organised the FirstBank-Chinese Business forum, reports TopCelebrities. The event themed; Deepening Sino-Nigerian Cooperation was held on Tuesday, July 17, 2018...
The Board of Directors of Ecobank Transnational Incorporated (ETI) (www.Ecobank.com) is pleased to announce the appointment of Patrick Akinwuntan as the Managing Director & Regional Executive - designate of Ecobank Nigeria, subject to applicable regulatory approvals. Prior to this appointment, Patrick was the Group Executive, Consumer Banking responsible for leading the Consumer Banking business across Ecobank’s global network of 40...
Twitter, Inc. (NYSE: TWTR) today announced the appointments of Ngozi Okonjo-Iweala and Robert Zoellick to Twitter's Board of Directors (the "Board"wink as new independent directors, effective immediately. Marjorie Scardino will be stepping down from the Board for personal reasons...
Close to US$100m of fundraising has been injected already in 2018 into Africa’s bourgeoning fintech and mobile payments sector, with a significant amount of capital still to be deployed this year, and prospects for the sector looking bullish, according...
Alard Hüfner and Graham Terrell, of Johannesburg-based rigging company Film Riggers, have developed a unique computer-controlled cable-suspended camera system, called TopShot, that allows for the world-class filming of sports events, and is affordable and uses locally developed technology; reports...
Aviation unions have threatened to truncate the birth of the new carrier few hours after Sen. Hadi Sirika, Minister of State for Aviation, unveiled the name and logo of the proposed national carrier, ‘Nigeria Air’. Comrade Olayinka Abioye, General Secretary, National...
United States of America’s companies operating in Nigeria invested $1.3bn in the economy in 2017, a survey by the American Business Council has shown; reports PUNCHNG. The investment, according to the council, generated over N2.6tn revenue for the 74 American...
  The actions, aimed at preventing innocent customers from carrying out their banking transactions, is the handiwork of a few disengaged drivers from one of our vendor companies. We understand that the drivers who were in the past outsourced to the...
The European Commission on Wednesday fined Google a record 4.3 billion euros (five billion dollars) for breaching EU competition rules with its Android operating system for smartphones and tablets. The commission accused Google of hindering competition and reinforcing its dominant...
The Akwa Ibom State Government has signed a Memorandum of Understanding (MOU) with SERGE Capital Investment Limited on the resuscitation of Ibom Science and Technology Park. Speaking on the occasion, the State Governor, Mr. Udom Emmanuel hinted that the Ibom...