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INSIGHT: A look at Stanbic IBTC’s new savings product

Stanbic IBTC Bank has introduced a new savings account that will enable Nigerians to achieve their savings and investment objectives. The Max Yield Savings Account (MYSA) is a…

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NSE, Meristem Collaborate on New Indices Focused On Investment Style Orientation

New indices focused on growth and value investment strategies  Offers investors’ opportunity to make investments in products that truly match their investment styles and objectives.   Index calculated and maintained by The Nigerian Stock…

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GTBank, Zenith rake in over N30 billion from Electronic Business fees

Two of Nigeria’s biggest banks, Zenith Bank and GTBank, reported record-high profits of N193 billion and N184.6 billion (respectively) for the fiscal year ended December…

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As another Boeing 737 Max 8 crashes, should Air Peace be worried?

Earlier today, an Ethiopian Airlines flight 302 carrying 149 passengers and eight crew members, crashed merely minutes after takeoff from the Bole International Airport. The plane…

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EFCC has begun the use of drones

On Saturday, March 9th, 2019, during the Gubernatorial and State houses of Assembly elections, the Economic and Financial Crimes Commission (EFCC) tweeted a picture of…

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Coronation Merchant Bank posts N5.3 billion profit before tax in FY 2018

Coronation Merchant Bank Limited (‘CORONATION MB);Africa’s leading financial institution, has released its 2018 Full Year Results to stakeholders in which the Bank posted a Profit Before Tax of…

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Visionscape Municipality Bond Default Explained

Last week, reports confirmed that Municipality Waste Management Contractors Limited, a private company promoted by Visionscape Sanitation Solutions Limited, may have defaulted on a N4.5 billion…

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Dangote tomato factory reopens amid fall in local demand

Operation has re-commenced at Dangote Tomato Factory, two years after the Kadawa-based factory was shut down due to declining market demand resulting mainly from dealers’ dependence…

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African Alliance rebrands with a new strategy that targets the youths

African Alliance Insurance Plc is transforming itself for the better. The company, which was incorporated in 1960, said it is embracing new strategies of doing…

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Onefi obtains $5 million loan from Lendable

OneFi a Nigerian startup has obtained a $5 million from Lendable, a Kenyan based firm. Proceeds of the loan will be used to deploy more loans through…

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Oil companies contribute $117 million towards Ogoni cleanup

Estimations show that so far, out of the $200 million expected from International Oil Companies (IOCs), about N42.1 billion ($117 million) has been deposited into…

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BPE institute four committees to review privatised enterprises

Four committees have been set up to look into the challenges hindering the growth of some corporations that were recently taken over by some core…

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Flour Mills Nigeria to merge five subsidiaries

Shareholders have approved a proposal to merge five of Flour Mills Plc’s subsidiaries with the holding company. This will be carried out under a Scheme of…

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Huawei accuses the United States of hacking

The confrontation between Chinese technology company, Huawei, and the United States has nowhere reached its end, as Huawei, today, announced the company has filed a lawsuit against the…

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Recycling firm invests $8m in Nigerian factory following China’s ban

The Executive Director, Lexsz Plastics Limited, Oba Olufemi Akowe, has disclosed the company invested $8 million in Nigeria to set up a factory to store…

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CBN and NIPOST open pilot microfinance branches

The Central Bank of Nigeria (CBN), and the Nigerian Postal Service (NIPOST), have started making plans to build a National micro-finance bank with pilot projects…

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Seplat sell off continues following decline in FY 2018 profit

Investors in Seplat Petroleum Development Company (SPDC) commonly known as Seplat have maintained apathy following the decline in the company’s full year 2018 profit.   Revenue increased from N138 billion…

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Nigeria has one of the cheapest mobile data prices in Africa

Data from UK-based price comparison website — Cable, has shown that Nigerian telecom companies offer some of the cheapest mobile data subscription rates in Africa. According…

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MTN Nigeria’s revenue has hit the N1 trillion mark

Figures from MTN Group’s 2018 full year investor presentation show the company may have joined the ranks of firms with over N1 trillion in revenue…

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Cinemas delay release of “Captain Marvel” due to gubernatorial elections

Nigerian cinema enthusiasts looking forward to seeing the highly-anticipated “Captain Marvel” film on Friday, March 8th, will have to wait another week. This is because…

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