Access emerges as most valuable banking brand in Nigeria
Written by Kunle Awosika
02 February, 2022
For the first time in three years, Access Bank has overtaken Zenith Bank as the most valuable banking brand in Nigeria, the latest 2022 top 500 global valuable banking brands index has shown.
Ecobank drags another customer to court over alleged N8.7bn debt
Written by Kunle Awosika
31 January, 2022
In a bid to recover alleged debt of N8,701,770,328.83, Ecobank Nigeria Limited has dragged a Lagos businessman, Mr. Victor Osibodu and his company Vigeo Limited before a Federal High Court, Lagos, Nigeria.
LG Brings AFCON 2021 Stadium Experience to Homes With OLED TVs, WINS CES 2022 AWARD
Written by Kunle Awosika
31 January, 2022
After a long wait, the 2021 Africa Cup of Nations (AFCON) finally kicked off with a glittering opening ceremony on Sunday, January 9, in Yaoundé, Cameroon.
In Nigeria SMEs, Firstbank’s SMEConnect Portal lead at all fronts
Written by Kunle Awosika
31 January, 2022
Over a hundred years since banks came into Nigeria, services rendered to small and medium scale businesses were limited to core banking services and transactions. However, those that cared to look further were able to stand the test of time, reinventing themselves with cutting edge financial services that remain key to sustaining its relevance to not just its host communities but the global community.
CBN reduces ATM withdrawal charges, inter bank transfers fees
Written by Jenny Ese Obukohwo
29 January, 2022
The Central Bank of Nigeria (CBN) has reduced ATM withdrawal charges, inter-bank transfer fees as it issues a downward review of charges for electronic banking transactions. The review is in its revised guidelines to charges by Banks, Other Financial Institutions (OFIs), and Non-Bank Financial Institutions, Naira Metrics reports. In the amended guidelines on charges by banks, other financial institutions (OFIs), and non-bank financial institutions, CBN downward reviewed charges for electronic banking transactions. This is according to the circular by Chibuzor Efobi, the Director, Financial Policy and Regulation Department, titled “Re: Guide To Charges By Banks, Other Financial And Non-Bank Financial Institutions.” The CBN stated that the review was in response to “further evolution in the financial industry in the last few years.’’ The new guide, according to the apex bank, includes a review of other bank charges in order to comply with market changes. There were some changes like withdrawals…
Trading rebounds on NGX by N106bn
Written by NEWS AGENCY OF NIGERIA
28 January, 2022
Activities rebounded on the Nigerian Exchange (NGX) Ltd. on Friday with key market indices improving by 0.43 per cent due to gains by some blue chips. Specifically, the market capitalisation of listed equities increased by N106 billion or 0.43 per cent to close at N24.898 trillion from N24.792 trillion on Thursday. Also, the NGX All-Share Index also appreciated 195.82 points or 0.43 per cent to 46,205.05 points from 46,009.23 points reported on Thursday. A breakdown of the price movement chart shows 37 gainers against seven losers. Cornerstone Insurance led the gainers’ table in percentage terms increasing by 10 per cent to 55k per share. Vitafoam followed with 9.91 per cent to close at N24.40, while Ecobank Transnational added 9.62 per cent to close at N13.10 per share. Academy Press gained 9.30 per cent to 94k, while NEM Insurance was up by 9.06 per cent to close at N3.49 per share.…
Unilever Sacks 1,500 In Global Overhaul
Written by Admin
28 January, 2022
Unilever is cutting 1,500 management jobs around the world as the consumer goods giant comes under intense pressure from shareholders to boost growth. The cuts amount to a 15% reduction in the number of senior managers and 5% of junior managers, Unilever said in a statement on Tuesday. Factory workers will not be affected. Unilever, which owns household-name brands including Ben & Jerry’s and Dove, said it’s moving to a “simpler” structure divided into five business units — Beauty and Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream — each with their own president. CEO Alan Jope said the overhaul will allow Unilever to be “more responsive to consumer and channel trends” with “crystal-clear accountability for delivery.” “Growth remains our top priority and these changes will underpin our pursuit of this,” added Jope. Shareholders have ratcheted up the pressure on Unilever after its stock sank 10% last year. The…
Oil Giant Oando Plc: Ensuring Gender Parity
Written by Kunle Awosika
20 January, 2022
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