Diamond Bank insists it has not received any cash injection offer from investors
Afolabi Oluwaseun
November 10, 2018
Diamond Bank has maintained that no investors had come forward to inject cash into the company and that its board was reviewing all strategic options. The bank’s comment comes after it said last month that four of its directors, including its chairman Oluseyi Bickersteth, had resigned, fuelling speculation that the lender was in talks […]
Ekocorp appoints new CFO, COO
Afolabi OluwaseunNovember 10, 2018
Ekocorp Plc., more popularly known by its trading name, Eko Hospital, has announced the appointments of Olusola Babalola and Ifeanyi Obiora as the chief financial officer (CFO) and chief operations officer (COO) respectively. According to the hospital’s notice to the Nigerian Stock Exchange and the general public, the newly appointed executives are expected to […]
Ecobank Academy to enhance Africa’s health systems through financial, leadership training
Adesola AfolabiNovember 7, 2018
Ecobank Academy, a corporate university of the leading independent pan-African banking group in collaboration with Ecobank Foundation (EcobankFoundation.org), has launched an innovative development programme aimed at improving Africa’s health systems through rigorous financial management, effective leadership development and sound implementation capabilities. Speaking at the launch on behalf of Ecobank’s group CEO, Amin Manekia, Ecobank’s group […]
Nigerian shoppers to access Amazon, Zara, eBay, Macy’s, 100 foreign stores as Quickteller launches Global Mall
Adesola AfolabiNovember 5, 2018
Nigerian customers can now shop directly from over 100 international stores, including Amazon, Zara, eBay and Macy’s, and pay in naira. Access to these foreign stores is being made possible with the launch of Quickteller Global Mall, a service provided by Quickteller, one of Nigeria’s digital payments and commerce platform owned by Interswitch Group. […]
Nigerian shoppers to access Amazon, Zara, eBay, Macy’s, 100 foreign stores as Quickteller launches Global Mall
Adesola AfolabiNovember 5, 2018
Nigerian customers can now shop directly from over 100 international stores, including Amazon, Zara, eBay and Macy’s, and pay in naira. Access to these foreign stores is being made possible with the launch of Quickteller Global Mall, a service provided by Quickteller, one of Nigeria’s digital payments and commerce platform owned by Interswitch Group. According […]
Nestlé Nigeria grows after tax profit by 43.5%, proposes N20 interim dividend
Adesola AfolabiOctober 31, 2018
Nestlé Nigeria Plc. has announced a 43.5 percent profit after tax (PAT) increase in its financial results for 9 months period ending 30 September 2018. For the period January to September 2018, the company recorded a profit of N33 billion as against N23 billion for the same period of 2017 on a 10 percent revenue […]
Diamond Bank announces resignation of chairman, 3 non-executive directors
Afolabi OluwaseunOctober 25, 2018
Diamond Bank Nigeria Plc., Thursday announced the immediate resignation of Chairman, Oluseyi Bickersteth, and 3 other non-executive directors from its board of directors. The other directors include Rotimi Oyekanmi, Juliet Anammah, and Aisha Oyebode, In a notice signed by Uzoma Uja, the company’s secretary, the company stated that the directors resigned for various personal reasons. […]
Improved Q3 revenues fail to lift Caverton as share crashes 3.54% on day CEO announced profit boost
Adesola AfolabiOctober 24, 2018
A 56 percent improvement in Caverton Offshore Support Group Plc, (COSG) revenue for the third quarter (Q3) of 2018 has translated into heightened earnings, profits and improved financial ratios for the company, according to Bode Makanjuola, the company’ chief executive officer. The Q3 results released to the Nigerian Stock Exchange Wednesday showed that revenue grew from […]
First Bank drives cashless sales, offers free litres of fuel on verve card purchases
Adesola AfolabiOctober 24, 2018
FirstBank is set again to reward customers for Verve Card usage in its Free Fuel Fridays Promotion. The free fuel Friday promo, which is activated by FirstBank in collaboration with Verve International and Oando Plc., kicked off on Friday, 19 October 2018 and ends on Friday, 7 December 2018, with promo time running between 6am […]
Phillips Consulting rebrands, now PCL as founder Foluso Phillips steps down
Adesola AfolabiOctober 18, 2018
Phillips Consulting Limited, an indigenous business and management consulting firm, Thursday announced its rebranding with the launch of a new logo. It also announced a new leadership, which it said will drive excellence in delivery through a people centric approach. The firm, now to be simply called ‘pcl’, said its rebranding is to create visibility […]